ExxonMobil sees profit rise in second quarter

 

exU.S. oil major ExxonMobil on Friday posted its second quarter 2018 earnings of $4 billion compared with $3.4 billion a year earlier.

The company’s revenues rose to $73.5 billion in this year’s quarter from $58.1 billion in the prior-year quarter.

Cash flow from operations and asset sales was $8.1 billion, including proceeds associated with asset sales of $307 million.

Capital and exploration expenditures were $6.6 billion, up 69 percent from the prior year, reflecting key investments in Brazil, the U.S. Permian Basin and Indonesia.

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