Exxon Mobil profit nearly doubles

By doris | Published: July 30, 2010

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Exxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts’ expectations on higher crude prices.

The world’s largest public energy company reported net income of $7.56 billion, or $1.60 a share, in the second quarter, up 91% from $3.95 billion, or 81 cents a share, in the same period in 2009.

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Analysts were expecting earnings of $1.46 a share, according to a survey by Thomson Financial.

Earnings for the first half of 2010, excluding special items, were $13.9 billion, up 60% over the first half of 2009.

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