ExxonMobil reported sector-leading earnings in the second quarter, outperforming its peers with $7.1 billion in earnings and $11.5 billion in cash flow. The company returned $9.2 billion to shareholders and maintained the industry’s best balance sheet with an 8% net debt to capital ratio. Exxon expects to continue its leadership position with plans to invest $140 billion in major projects and deliver $18 billion in cost savings by 2030. The company’s strategy is set to drive significant earnings and cash flow growth over the next few years, making it a strong investment choice in the oil sector.

Read more at NASDAQ.: ExxonMobil Continues to Show That It’s the Best Oil Stock