Exxon burns brighter on Permian and Guyana
Published on: Friday 28 April 2023
Exxon Mobil burned brighter in the first quarter, thanks to the Permian Basin and Guyana. The $485 billion oil giant earned $11.4 billion, or twice as much as it did the same period a year ago. Moreover, while the firm continued to shower its investors with cash, sending them $8.1 billion, the company also increased production to 3.8 million barrels of oil equivalent per day, a 4% rise from a year ago.
