ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 Bn. A record quarter for the company. U.S. oil supermajor ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 billion. A record quarter for the company. Second-quarter results included a favorable identified item of nearly $300 million associated with the sale of the Barnett Shale Upstream assets. Capital and exploration expenditures were $4.6 billion in the second quarter and $9.5 billion for the first half of 2022. Exxon’s results for the second quarter of 2022 beat its best quarter of 2008 when Brent crude oil prices peaked at $147 per barrel as well as its best-ever quarter reached in 2012 when the company earned $15.9 billion. “Earnings and cash flow benefited from increased production, higher realizations, and tight cost control,” said Darren Woods, chairman and CEO. “Strong second-quarter results reflect our focus on the fundamentals and the investments […]