ExxonMobil Corp., the world’s biggest oil and gas firm, reported a 91 percent increase in second-quarter earnings on Thursday, boosted by its refining business and increased demand for natural gas. The company said that its profit margins in refining increased as the economy improved, increasing demand for fuel. Quarterly profit was $7.56 billion, or $1.60 per share. Revenues gained 24 percent from the same period a year ago. The company on Thursday said that it planned to increase drilling for natural gas in various regions in the United States as it completed its acquisition of XTO Energy Inc., one of the largest natural gas producers in the United States.
For Exxon, Profits Gush Forth
ExxonMobil Corp., the world’s biggest oil and gas firm, reported a 91 percent increase in second-quarter earnings on Thursday.
7/29/2010
Updated: 10/1/2015
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