Moody’s upgrades Agnico Eagle’s rating to A3 on debt reduction
Investing.com -- Exxon Mobil (NYSE:XOM) shares climbed 1.5% in premarket trading Friday after the U.S. energy giant reported second-quarter earnings and revenue that trumped analysts’ forecasts.
The company reported Q2 earnings per share (EPS) of $1.64, topping the consensus expectations of $1.56.
Revenue came in at $81.5 billion, also slightly ahead of the $80.78 billion consensus.
“The second quarter, once again, proved the value of our strategy and competitive advantages, which continue to deliver for our shareholders no matter the market conditions or geopolitical developments,” said Darren Woods, ExxonMobil chairman and CEO.
“We achieved our highest second-quarter Upstream production since the merger of Exxon and Mobil more than 25 years ago. It was also our best quarter yet for high-value product sales volumes in Product Solutions," he added.
Exxon’s operating cash flow in the quarter stood at $11.5 billion, while free cash flow totaled $5.4 billion.
The company returned $9.2 billion to shareholders during the quarter, including $4.3 billion in dividends and $5 billion in share buybacks, in line with its stated capital return plans.
Exxon declared a third-quarter dividend of $0.99 per share, payable on September 10, 2025, to shareholders of record as of the close of business on August 15, 2025.