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Exxon Mobil posts highest quarterly profit in nearly four years -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A logo for Exxon Mobil Corp can be seen at Rio Oil and Gas Expo and Conference, Rio de Janeiro (Brazil), September 24, 2018. REUTERS/Sergio Moraes/File Photo

(Reuters) – Exxon Mobil Corp (NYSE 🙂 reported Friday that it had posted the highest quarterly profit for nearly four years. The surge in oil and gas prices, as well as higher motor fuel demand margins, fueled by rising oil and gas prices.

Oil majors reported net income of $6.75Billion or $1.57 per Share in the third quarter. That compares to a loss last year of $680M or 15c per share.

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