New Delhi, July 31 -- SPRING, Texas - The disruption was visible across every major energy market in the second quarter, and it barely left a mark. ExxonMobil (XOM) reported Thursday that it earned $14.5 billion between April and June, or $3.48 per share, with adjusted earnings of $3.52 per share, as Permian Basin production surpassed 1.8 million oil equivalent barrels per day and the company's total upstream output reached its highest level in more than two decades.

Chief Executive Darren Woods told investors that "the second quarter was shaped by disruption, but defined by execution. Markets were supportive, but our performance reflected the strength of the portfolio and operating model we have built over many years." The line function...