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Exxon Mobil Profit Soars on Energy Prices

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russian33 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-29-04 11:01 AM
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Exxon Mobil Profit Soars on Energy Prices
NEW YORK (Reuters) - Exxon Mobil Corp. (NYSE:XOM - news), the world's largest publicly traded oil company, on Thursday said its quarterly earnings surged 39 percent on record oil prices, higher production and its best refining and marketing results in 13 years.

The Irving, Texas-based company said second-quarter net income rose to $5.79 billion, or 88 cents a share, in the period, from $4.17 billion, or 62 cents, in the year-ago quarter. That matched the average analyst forecast compiled by Reuters Estimates

Quarterly revenue surged 24 percent to $70.7 billion, fueled by record prices for crude oil and gasoline and robust natural-gas prices.

http://story.news.yahoo.com/news?tmpl=story&cid=580&e=1&u=/nm/20040729/bs_nm/energy_exxonmobil_earns_dc


Well, isn't that special...and here I'm complaining about gas that costs over $2 a gallon..

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rfkrocks Donating Member (846 posts) Send PM | Profile | Ignore Thu Jul-29-04 05:48 PM
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1. But they really need that money
more texas based oil raping of the american citizen-
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