ExxonMobil Profits UP 53% to 9 Billion

Jan 312011
 

NEW YORK (MarketWatch) — Exxon Mobil Corp. said Monday that its fourth-quarter profit rose 53% to top $9 billion, marking the oil major’s richest results since the third quarter of 2008 as it benefited from higher crude-oil prices.

Shares of Exxon Mobil /quotes/comstock/13*!xom/quotes/nls/xom (XOM 79.93, +0.94, +1.18%)  gained about 1.1% to $79.86 in premarket trade. Last Thursday, the stock touched $79.98, its highest level in more than two years.

Exxon Mobil said its profit for the three months ended Dec. 31 increased to $9.25 billion, or $1.85 a share, from $6.05 billion, or $1.27 a share, in the year-ago period.

 

http://www.marketwatch.com/story/exxon-mobils-profit-climbs-53-2011-01-31?reflink=MW_news_stmp

 

I’m sure that many are happy about this news. Personally it just tells me that we should not be paying what we are for gasoline or fuel oil.

ExxonMobil’s Quartly Profits Up 55%

Oct 282010
 

http://www.nytimes.com/2010/10/29/business/29exxon.html?_r=1&ref=global-home

 

HOUSTON (Reuters) — The Exxon Mobil Corporation, the world’s largest publicly traded oil company, said Thursday that its quarterly profit rose 55 percent, surpassing expectations, as higher crude prices lifted results in its exploration business.

Third-quarter earnings for oil companies have been helped by a rebound in oil and natural gas prices. Slow improvement in the global economy has also lifted demand for fuels like diesel and gasoline, helping refining businesses.

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