Thursday, October 30, 2008
Exxon Mobil profit hits record $14.83-billion
JOHN PORRETTO
The Associated Press
October 30, 2008 at 8:25 AM EDT
HOUSTON — Exxon Mobil posts biggest US quarterly profit ever Exxon Mobil Corp., the world's largest publicly traded oil company, says it shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83-billion (U.S.) in the third quarter.
Bolstered by this summer's record crude prices, the Irving, Texas-based company said Thursday that net income jumped nearly 58 per cent, or $2.86 a share in the July-September. That compares with $9.41 billion, or $1.70 a share, a year ago.
The previous record for U.S. corporate profit was set earlier this year, when Exxon Mobil earned $11.68-billion in the second quarter.
Revenue rose 35 per cent to $137.7-billion.
Exxon Mobil profit hit a new record in the third quarter
Exxon Mobil
On average, analysts expected the company to earn $2.39 per share in the latest quarter on revenue of $131.4-billion
Source
Subscribe to:
Posts (Atom)
Posts
