Exxon profits nearly double in quarter

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NEW YORK (AP) — Exxon Mobil Corp. said Thursday its second quarter income nearly doubled to $7.56 billion as oil prices increased from last year.

It's Exxon's highest quarterly profit since the $7.82 billion earned in the last three months of 2008. But it's still well below the record-setting third-quarter profit of that year, when Exxon earned $14.83 billion after oil prices spiked to near $150 per barrel in the summer.

The world's largest publicly traded oil company said earnings rose to $1.60 per share in the second quarter, from $3.95 billion, or 81 cents per share, in the year-ago period. Revenue increased 24 percent to $92.5 billion.

Analysts had expected quarterly earnings of $1.46 per share on revenue of $98.5 billion.