Exxon Mobil Profit Soars 41%, Report Quarterly Earnings Of $10.3 Billion

Source: CNN Money

NEW YORK – Exxon Mobil reported quarterly earnings of $10.3 billion on Thursday, a surge of 41% from a year earlier.

Why? Higher prices for oil and natural gas.

Profit at the world’s leading oil company soared compared to the same period a year ago, when it was $7.4 billion. Per-share income climbed to $2.13 per share from $1.44 in the prior year.

And revenue rose to $125.3 billion from $95.3 billion in the year-ago quarter, the company said.

To read this article in its entirety visit CNN Money.