ExxonMobil increased quarterly profit by 18%

The largest US oil company ExxonMobil in the second quarter increased its net profit by 18% year-on-year to $3 billion 950 million. Earnings per share were 92 cents, while analysts had predicted $1.5 per share. Revenue reached 73.5 billion dollars, increased by 26.5%. Analysts had expected the figure at 74 billion 150 million dollars. The company reduced hydrocarbon production by 7% to 3 million 647 thousand barrels per day. Total capital costs and exploration costs increased by 69% year-on-year to $6,630 million. Profit in the upstream sector increased by 1 billion 860 million dollars. At the same time, profits from oil refining have almost halved.

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