ExxonMobil Beats Earnings Estimates As Its Chemicals Business Booms

Higher oil and gas demand and the best-ever quarterly performance in the chemicals business helped ExxonMobil (NYSE: XOM) beat analyst expectations as it reported second-quarter 2021 earnings of $4.7 billion. Exxon posted earnings per share of $1.10 assuming dilution for the second quarter, ahead of the $1.01 EPS consensus estimate of analysts compiled by The Wall Street Journal. The earnings for Q2 2021 compare to a loss of $1.08 billion Exxon had booked for the second quarter of 2020, when it reported its worst loss in its modern history because…