Exxon Third-Quarter Profit Climbs Most in Six Years
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Exxon Mobil Corp., the world’s biggest company, posted its largest third-quarter profit increase in six years as rising worldwide energy demand lifted commodity prices.
Third-quarter net income rose 55 percent to $7.35 billion, or $1.44 a share, from $4.73 billion, or 98 cents, a year earlier, Irving, Texas-based Exxon said in a statement today. Per-share profit was 5 cents more than the average of 14 analysts’ estimates compiled by Bloomberg.