Exxon Tops Q2 Estimates on Record Permian and Guyana Production

ExxonMobil (NYSE: XOM) beat Wall Street estimates with the second-highest earnings for the second quarter in a decade as the acquisition of Pioneer Natural Resources fueled a record quarterly production and the highest oil production since the Exxon and Mobil merger. Exxon said on Friday that its second-quarter 2024 earnings came in at $9.2 billion, or $2.14 per share assuming dilution. That was higher than the analyst estimate of $2.02 compiled by The Wall Street Journal. The $60-billion Pioneer acquisition, which Exxon completed during the second…