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Exxon Mobil's profit jumps 50 percent on higher oil, natgas prices
October 27, 2017 / 12:11 PM / a month ago

Exxon Mobil's profit jumps 50 percent on higher oil, natgas prices

HOUSTON, Oct 27 (Reuters) - Exxon Mobil Corp, the world’s largest publicly-traded oil producer, said on Friday its quarterly profit jumped 50 percent on higher crude and natural gas prices.

The company posted net income of $3.97 billion, or 93 cents per share, in the third quarter, compared to $2.65 billion, or 63 cents per share, in the year-ago period. Exxon said Hurricane Harvey, which tore through the U.S. Gulf Coast region in August, dented quarterly earnings by 4 cents per share.

Production rose about 2 percent to 3.9 million barrels of oil equivalent per day. (Reporting by Ernest Scheyder; Editing by Paul Simao)

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