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Thursday, July 26, 2012

Exxon Mobil Corporation Profit Up 49% On One-Time Gains, Shares Slip

Exxon Mobil Corporation (NYSE: XOM), the world's largest publicly traded oil company, said Thursday its second-quarter profit rose 49 percent, helped by a gain related to divestments and tax items.

Shares of Exxon Mobil Corporation (NYSE: XOM) fell 0.79 percent, to $84.57, in Thursday's premarket trading.

The Irving, Texas-based company earned $15.9 billion, or $3.41 a share, compared with $10.68 billion, or $2.18 a share in the year-ago period. Excluding a gain of $7.5 billion for divestments and tax-related items, Exxon Mobil earned $8.4 billion.

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