Exxon banked record quarterly profit as energy prices soared

By CATHY BUSSEWITZ
AP Energy Writer

NEW YORK (AP) — Exxon Mobil was swimming in profits the last few months, reporting Friday that it brought in a record $17.85 in net income during the second quarter, a period in which Americans struggled with painfully high prices at the pump. The Irving, Texas, company increased oil and gas production as crude prices hovered above $100 a barrel. The company said Friday that revenue skyrocketed to $115.68 billion in revenue, up from $67.74 billion during the same quarter last year.