Thursday, July 27, 2006

XOM profit surges on scorching oil prices

NEW YORK (Reuters) - Exxon Mobil Corp. (NYSE:XOM - News), the world's largest public oil company, on Thursday reported quarterly profit surged, pushed up by yet another quarter of sharply higher oil prices.

Net income in the second quarter was $10.36 billion, or $1.72 a share, compared to $7.64 billion, or $1.20 a share, in the year earlier quarter.


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