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The company said it had kept costs down and raised its gross profit margins, helping to boost profitability.
Mr Corbat's appointment, markets hoped, would accelerate cost cutting, smooth relations with regulators and boost profitability.
The company is also grappling with falling sales in China and efforts to boost profitability.
The oil giant said that it would boost profitability by cutting staff by 20% on ageing rigs.
1. Deutsche Bank has announced a radical restructuring in a move to restore its reputation and boost profitability.
The division was able to boost profitability thanks to undertaking a "significant" cost-reduction programme early in 2009.
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When there is a choice between boosting profitability or expanding services, they will choose expanding services.
Welch's draconian policies certainly boosted profitability, but the numbers are not quite what they seem.
The booming oil price has also boosted profitability at the company.
BMW boosted profitability to 11.7% in the second quarter, compared with close rival Mercedes Benz on 7.9%.
Many companies view pay as a powerful strategic lever in particular, they believe that cutting or freezing wages boosts profitability.
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