Exxon profits hit 3-year high

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ExxonMobilCEO

Reuters

Exxon Mobil CEO Rex W Tillerson.

US oil concern Exxon Mobil Corp. said Thursday it achieved a second-quarter profit of 10.68 billion dollars, up 41 per cent from the year before thanks to the rising cost of oil.

The Irving, Texas-based company said the figure was nearly a three-year high, coming on sales revenues of 125.5 billion dollars, well above the 92.5 billion dollars a year earlier.

The financial wire agency Bloomberg said the earnings per share of 2.18 dollars fell short of its analysts' projections. A survey of seven analysts had produced an average estimate of 2.32 dollars. - Sapa-dpa

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