​Exxon Reports Blowout Earnings, Record Output Thanks To Pioneer Deal – Tyler Durden

Exxon Reports Blowout Earnings, Record Output Thanks To Pioneer Deal Two weeks ago when Exxon previewed its upcoming earnings, there was some disappointment amid what was viewed as weakness in upstream prices and energy product margins. Which is why much to everyone’s surprise, today’s Q2 report by the largest US energy major blew away estimates, revealing the second-best Q2 earnings in company history thanks to the recent closing of the $63 billion Pioneer acquisition, which made Exxon into the second biggest energy player in the world after Aramco (while closest competitor Chevron is still choking on its Hess acquisition). For…  — Continue at ZeroHedge News : Read More