IRVING (AP) – Exxon Mobil Corp. (XOM) on Thursday reported net income that climbed by 28 percent in its second quarter, and topped analysts’ expectations.
The Irving, Texas-based company said net income increased to $8.78 billion, or $2.05 per share, from $6.86 billion, or $1.55 per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.91 per share.
The company said revenue rose 4.9 percent to $111.65 billion from $106.67 billion in the same quarter a year earlier, and beat Wall Street forecasts. Analysts expected $109.14 billion, according to Zacks.
Exxon Mobil shares have climbed $2.05, or 2 percent, to $103.25 since the beginning of the year, while the Standard & Poor’s 500 index has increased 6.6 percent. The stock has increased $9.50, or 10 percent, in the last 12 months.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Texas Tech In Elite Company; Beats Purdue
- Christina Morris’ Mother Opens Up About Daughter’s Remains Found After 3-Year Search
- Controversial Gorilla Back At Park… No Longer Black
- Reed Topples Spieth As Top Seeds Fall In Match Play
- Police: Armed Suspects Targeting Hispanic Community
- Smartphone Apps Claim To Repel Mosquitoes
- Collin County Commissioner Warns Of Illegal Immigrant Tsunami
- Dallas County Commissioner Arrested, Pleads Not Guilty To Federal Charges
- Suspected Illegal Immigrant Arrested For Taking Lewd Pictures Of Women
- Teens Rescued In Denton County Human Trafficking Sting