Buoyed by higher oil prices, Exxon Mobil reported Friday that third-quarter profit jumped 50 percent from a year ago to nearly $4 billion. Exxon's profit was dinged by Hurricane Harvey, which briefly shut down refineries along the Texas Gulf Coast, but the results still beat forecasts from Wall Street analysts. Income was 93 cents per share, despite a hit of four cents per share from the hurricane in late August. Capital spending, which had fallen when oil prices were at their nadir, soared 43 percent from a year earlier to nearly $6 billion. ———Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.

Source: ABC News October 27, 2017 12:19 UTC