Thursday, July 28, 2011

Exxon Mobil profit jumps 41pc

29 Jul 2011 The ever-rising price of oil has given Exxon Mobil a 41 per cent leap in second-quarter profits -- its best 90-day result for three years. The company said that an increase in production had helped to produce the figures. The world's largest oil company said that profits for the second quarter were $US10.68 billion ($9.7bn), up from $US7.56bn in the same period last year. Revenues rose 36 per cent to $US125.5bn.

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