Exxon Mobil, the world's largest oil company, said yesterday that its third-quarter net income jumped 75 percent, to $9.92 billion.
Unless I read this wrong their profit for the third quarter was up 75%.
Your are correct. Their profit went from 5.7% in the second quarter to 9.9% in the third quarter, an increase of 75%.
Yes, it increased 75%. That brought it up to 9.9% profit. Not exactly honest reporting.