Exxon Mobil profit tops estimates but production falls

(Reuters) – Exxon Mobil Corp (XOM.N) on Friday reported a quarterly profit that topped analysts’ estimate on higher prices received for its oil and natural gas but its production volumes fell on a year-over-year basis.

The company posted third-quarter net income of $6.24 billion, or $1.46 a share, compared with $3.97 billion, or 93 cents per share a year ago. Analysts had forecast a $1.23 a share profit, according to data from I/B/E/S on Refinitiv.

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