Exxon Mobil Corp, the world's largest publicly-traded oil producer, said on Friday its quarterly profit jumped more than four-fold on rising oil prices and cost cuts.
The company posted net income of US$8.4 billion, or US$1.97 per share, compared to US$1.7 billion, or 41 cents per share, in the year-ago quarter.
The company saw a US$5.9 billion non-cash benefit related to recent U.S. tax reform to revalue deferred taxes.
Production fell 3 per cent to 4 million barrels of oil equivalent per day.
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