Exxon Mobil second-quarter profit tops estimates on higher oil prices
The company said net income rose to $8.78 billion, or $2.05 per share, from $6.86 billion, or $1.55 per share, in the year-ago period.
By that measure, analysts expected earnings of $1.86 per share, according to Thomson Reuters I/B/E/S.
Production fell 6 percent to 3.8 million barrels of oil equivalent per day.
The average price that Exxon receives for its crude oil jumped 3 percent in the United States during the quarter and 5 percent internationally.
(Reporting by Ernest Scheyder; Editing by Franklin Paul and Jeffrey Benkoe)