By Dallas Business Journal

Exxon Mobil reported a 91 percent jump in quarterly profit, based on strong performance in its crude oil and chemical segments, and profit margins on refined products.

Irving-based Exxon (NYSE: XOM) posted a profit of $7.60 billion, or $1.60 per share, on revenue of $92.5 billion in the second quarter. That is improved from a profit of $3.95 billion, or 81 cents per share, on revenue on $74.5 billion for the same quarter in 2009.

Among the quarterly highlights was Exxon's $31 billion acquisition of Fort Worth-based XTO Energy Inc., which closed June 25.

Exxon outperformed the average analyst estimate of earnings-per-share in the $1.47 range for the second quarter.

Copyright 2010 American City Business Journals
Copyright 2010