Exxon Mobil’s profit jumps 50 percent on higher oil, natgas prices

HOUSTON (Reuters) – Exxon Mobil Corp (N:), the world’s largest publicly-traded oil producer, said on Friday its quarterly profit jumped 50 percent on higher crude and prices.

The company posted net income of $3.97 billion, or 93 cents per share, in the third quarter, compared to $2.65 billion, or 63 cents per share, in the year-ago period. Exxon said Hurricane Harvey, which tore through the U.S. Gulf Coast region in August, dented quarterly earnings by 4 cents per share.

Production rose about 2 percent to 3.9 million barrels of oil equivalent per day.

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