NEWS Desk Global
EXXON DELIVERS $9.2 BILLION SECOND-QUARTER PROFIT AND RAISES OUTPUT TARGET
Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil firm Pioneer Natural Resources.
Exxon delivered a $2.14 per share profit that beat analysts' estimates on oil production and pricing gains that offset refining weakness. Results mirrored profit beats by rivals BP <BP.L>, Shell and ConocoPhillips.
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