ExxonMobil and Chevron Report Quarterly Results Above Expectations
ExxonMobil and Chevron both reported quarterly results on Friday that were better than expected, according to ABC News.
ExxonMobil and Chevron both reported quarterly results on Friday that were better than expected, ABC News reported in a wire story. According to that report, the oil majors benefited from higher prices and "record production".
The wire story's headline describes the results as topping estimates and refers to the third quarter, a term the summary itself does not repeat. ABC News did not, in the material available to The Federal Chronicle, state the size of the margin by which either company exceeded expectations, nor the prices, volumes, or earnings totals behind the results.
The summary also does not say which company's results were stronger, nor offer a direct comparison between ExxonMobil and Chevron. Each company's results are therefore reported here only as a joint finding attributed to ABC News, and The Federal Chronicle has not independently verified them.
The wire report listed no author in the material reviewed. The complete ABC News story, which was not available in full for this account, would be the place to find the individual figures for each company, the estimates against which they were measured, and any statements the companies made. Readers seeking the full picture should consult that complete account directly.
Sources: ABC News: ExxonMobil and Chevron top Q3 estimates on higher prices and strong output.