July 27, 2018 / 12:20 PM / 5 months ago

Exxon Mobil quarterly profit jumps 18 percent on higher oil prices

HOUSTON, July 27 (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Friday its quarterly profit jumped 18 percent as rising crude prices 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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