Driven in part by higher energy prices and rising oil production in Qatar, ExxonMobil said on Oct. 28 that its profit soared 55%.
The energy giant reported net earnings of $7.35 billion, a strong advance from the $4.73 billion posted in the 2009 third quarter that exceeded market expectations.
Revenue surged 16% to $95.29 billion.
ExxonMobil, the world's largest non-state oil company, said the strong performance was due to higher crude oil and natural gas prices, improved refining margins, and solid chemical results.
Copyright Agence France-Presse, 2010
About the Author
Agence France-Presse
Copyright Agence France-Presse, 2002-2025. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.