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Exxon Mobil Profits To Outride Some Countries

Exxon Mobil reveals its second quarter profits, which have increased significantly

Exxon Mobil Profits To Outride Some Countries

US oil and gas major Exxon Mobil reveals its second quarter profits, which have increased significantly, because of soaring world oil prices.

Exxon said net income for the three months to June came in at $5.8 billion up compared with $4.1bn of the same period last year. This is a 30 per cent surge in oil prices since the beginning of the year.

Exxon Mobil representative said its second-quarter performance had also been helped by increased oil production, and a stronger performance from its refining division.

If the Company will keep such profits up to the end of the year, Exxon?s earnings would rival the gross domestic product of Jordan or Latvia.


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