Revenue, Profit Higher at ExxonMobil

The company's second-quarter earnings top analysts' estimates.
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(XOM) - Get Report

reported higher second-quarter earnings and revenue, saying that profits from all parts of its business improved from last year.

The company earned $4.17 billion, or 62 cents a share, in the second quarter, up from $2.64 billion, or 39 cents a share, a year ago.

Revenue for the second quarter totaled $57.17 billion, compared with $50.80 bllion in the same period a year ago. Capital and exploration spending rose to $3.83 billion in the second quarter, up $438 million from last year.

Oil-equivalent production was flat vs. the second quarter of last year. Higher European gas demand and contributions from new projects and work programs were offset by natural field declines and operational problems in the North Sea and West Africa, which were largely resolved by the end of the quarter.

Analysts polled by Thomson First Call expected ExxonMobil to earn 56 cents a share in the second quarter.

Shares of ExxonMobil closed Wednesday at $35.32 on the

New York Stock Exchange