Exxon Mobil quarterly profit jumps 18 percent on higher oil prices

[July 27, 2018]  HOUSTON (Reuters) - Exxon Mobil Corp <XOM.N>, the world's largest publicly traded oil producer, said on Friday its quarterly profit jumped 18 percent as rising crude prices <CLc1> <LCOc1> offset falling production.

The company posted second-quarter net income of $3.95 billion, or 92 cents per share, compared to $3.35 billion, or 78 cents per share, in the year-ago quarter.

Production fell 7 percent to 3.6 million barrels of oil equivalent.

(Reporting by Ernest Scheyder; Editing by Nick Zieminski)

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