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Exxon Mobil quarterly profit jumps 28 percent

[July 31, 2014]  (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, on Thursday reported better-than-expected quarterly profit on Thursday on higher prices for crude and natural gas.

The company said net income rose to $8.78 billion, or $2.05 per share, from $6.86 billion, or $1.55 per share, in the year-ago period.

By that measure, analysts expected earnings of $1.86 per share, according to Thomson Reuters I/B/E/S.

Production fell 6 percent to 3.8 million barrels of oil equivalent per day.

The average price that Exxon receives for its crude oil jumped 3 percent in the United States during the quarter and 5 percent internationally.

(Reporting by Ernest Scheyder; Editing by Franklin Paul and Jeffrey Benkoe)

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