HOUSTON: Exxon Mobil Corp, the world’s largest publicly traded oil producer, said on Friday its quarterly profit jumped 18 percent as rising crude prices offset falling production.
The company posted second-quarter net income of $3.95 billion, or 92 cents per share, compared to $3.35 billion, or 78 cents per share, in the year-ago quarter.
Production fell 7 percent to 3.6 million barrels of oil equivalent.
Source: Brecorder
