Lower production for the quarter didn't slow down ExxonMobil, which reported second-quarter earnings on Thursday that came in well above Wall Street's expectations. The oil giant reported earnings of ... more 
Lower production for the quarter didn't slow down ExxonMobil, which reported second-quarter earnings on Thursday that came in well above Wall Street's expectations. The oil giant reported earnings of $2.05 a share, beating a consensus estimate of $1.86, despite reporting that oil production dropped 5.7% from the same period a year ago. Boosting profits was an uptick in exploration and production and refined products, such as gasoline. CEO Rex Tillerson said in a statement: "We continue to enhance shareholder value by funding capital projects and delivering robust shareholder returns through dividends and share purchases." TheStreet's Joe Deaux reports from New York. less 
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Thu, Jul 31, 2014 9:22 AM EDT