Friday, April 11, 2025

Exxon’s 3Q Profit Jumps 50%

From AP IRVING, Texas (AP) — Buoyed by higher oil prices, Exxon Mobil reported Friday that third-quarter profit jumped 50 percent from a year ago to nearly $4 billion. The oil giant also sharply increased spending on exploration, reversing a trend from the first half of the year. Lower capital spending had raised concern about future production of oil and