IRVING, Texas (Reuters) - Exxon Mobil Corp. , the No. 1 U.S. oil company, on Tuesday posted stronger second-quarter earnings, meeting analysts' estimates, thanks to lofty crude oil and natural gas prices and robust profits from its refining business.
Exxon Mobil said second-quarter income, excluding special items, rose to $4.38 billion, or 64 cents a diluted share, from $4.15 billion, or 60 cents a diluted share, a year earlier.
Wall Street had expected the company to report earnings between 56 cents and 73 cents a share, with a mean of 66 cents a share, according to Thomson Financial/First Call.
The oil major's revenues rose to about $56.46 billion from $55.96 billion a year before.
Exxon Mobil, which announced a two-for-one stock split during the second quarter, outperformed most of the other U.S. major oil companies on the New York Stock Exchange during the period, with its shares rising nearly 8 percent. The Standard & Poor's oil index rose around 6 percent. Shares of Exxon Mobil closed at $42.50 on Monday. |
