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