ExxonMobil Quarter Is Huge

Surging oil prices helped ExxonMobil ( XOM) 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.

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