Exxon Mobil exceeds analysts' expectations thanks to increased oil production

Exxon Mobil exceeded analysts' expectations in the third quarter, offsetting declining profitability due to falling oil prices and tighter refining margins. The company particularly benefited from increased oil production in the U.S. Permian Basin, one of the most productive oil fields in the world. Earnings per share were $1.92, above the median of $1.87 forecast by analysts surveyed by Bloomberg. Other industry giants such as Chevron and Shell also achieved better-than-expected results in the same period. The positive performance of these energy giants demonstrates that strategic investments and production increases can bear fruit despite the volatile market situation. Investors are eagerly watching future developments in the energy sector.