Exxon Mobil reported a profit of $15,910 million for the second quarter of this year a 49% rise compared to the the second quarter of 2011.
SECOND QUARTER HIGHLIGHTS
Exxonmobil’s Chairman Rex W. Tillerson commented: “Second quarter results reflect our ongoing commitment to develop and deliver the energy needed to help meet global demand and underpin economic recovery and growth. Despite global economic uncertainty, we continue to invest throughout the business cycle taking a long-term view of resource development. Second quarter earnings of $15.9 billion included a net gain of $7.5 billion associated with divestments and tax-related items. Excluding these items, second quarter earnings were $8.4 billion. Capital and exploration expenditures were $9.3 billion in the second quarter and a record $18.2 billion for the first six months of 2012 as we progress our plans to invest about $37 billion per year over the next five years to help meet the global demand for energy.”
[mappress]
LNG World News Staff, July 27, 2012