Higher Natural Gas Prices to Drive Exxon Third-Quarter Earnings

Higher Natural Gas Prices to Drive Exxon Third-Quarter Earnings
Natural gas flares off at a production facility owned by Exxon near Carlsbad, N.M., on Feb., 11, 2019. Nick Oxford/Reuters
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HOUSTON—Exxon Mobil Corp. signaled on Thursday that higher oil and gas prices would boost third-quarter earnings by as much as $1.5 billion over the second quarter.

Natural gas prices in the United States have more than doubled this year and oil prices are up 52 percent as energy demand recovers from the COVID-19 pandemic.