/ Source: Reuters
Exxon Mobil Corp. , the world’s largest publicly traded oil company, Thursday reported a 56 percent rise in quarterly profit, driven by soaring oil and gas prices in the quarter.
Net income in the third quarter jumped to $5.68 billion, or 88 cents a share, compared with $3.65 billion, or 55 cents a share, in the year earlier period.
Excluding a $550 million charge related to a lawsuit, the company reported earnings of $6.23 billion, or 96 cents a share. Wall Street expected 87 cents a share.
Revenues jumped to $76.38 billion in the quarter from $59.84 billion a year earlier.