ExxonMobil Posts Highest Production Since Merger as Revenue, Profits Rise

Key TakeawaysExxonMobil reported better-than-expected second-quarter revenue and net income Friday thanks to higher production and oil prices.The company said it reached its highest production levels since the 1999 merger of Exxon and Mobil.The nearly $60 billion acquisition of Pioneer Natural Resources was also closed during Q2, contributing about $500 million to ExxonMobil's earnings during May and June. ExxonMobil (XOM) posted second-quarter results well above analysts' expectations Friday as record prod ...