Surging oil prices helped
post another hugely profitable quarter Thursday, with revenue rising 24% to an eye-popping $70.69 billion.
The Irving, Texas, exploration and refining titan earned $5.79 billion, or 88 cents a share, in the three months ended June 30, up 39% from earnings of $4.17 billion, or 62 cents a share, last year. Earnings in the 2004 quarter matched the consensus analyst estimate.
Earnings in Exxon's exploration and production segment shot up 36% to $3.85 billion despite a small decrease on the division's expense side.