US-based oil firm ExxonMobil improved its earnings power by 12.2% during the second quarter of 2024, recording the second-highest second quarter earnings of the past decade, according to its financial results statement released on Friday.
The company earned around $9.2 billion in the second quarter this year, compared to $8.2 billion in the first quarter.
ExxonMobil had recorded nearly $7.8 billion in profit during the second quarter of last year.
The revenue for the April-June period reached around $93 billion, compared to $82.9 billion for the same quarter of 2023.
The company’s revenue in the first half of the year amounted to $176.1 billion.
‘We delivered our second-highest second quarter earnings of the past decade as we continue to improve the fundamental earnings power of the company,’ said Darren Woods, chairman and chief executive officer of ExxonMobil.
