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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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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%.
They bought breweries in rich countries, where beer drinking has levelled off or fallen, and boosted profitability by stripping out costs.
That may have boosted profitability in the late 1990s, as more employees were willing to be paid in stock options in lieu of cash.
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