Exxon Mobil Profit Soars on Energy Prices

[Sinistrous]

http://www.reuters.com/newsArticle.jhtml;jsessionid=A4AC0RE3OUWDSCRBAEZSFEY?type=businessNews&storyID=5814616


Exxon Mobil Profit Soars on Energy Prices
Thu Jul 29, 2004 09:25 AM ET

NEW YORK (Reuters) - Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) , 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.

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The PNAC doctrine bears fruit.

[bushisanidiot]

1. What a coincidence! And the price of gas is at a 21 yr high. Thanks AWOL!

i can't believe how gullible the freep heads are.. they just don't make the connection.

[truthisfreedom]

2. i've been riding my scooter all summer. i've purchased about 8 gallons of

gas in the last 3 months.

[phantom power]

3. These are the poor companies that get yearly tax-breaks

to the tune of billions of dollars. That really puts my all-cotton briefs in a twist.

[Ironpost]

4. In todays Tulsa World

on the business page it states ConocoPhillips profits increased 75 percent. The article goes on to say that if they had run their facilities at 100 percent this quarter they would have made lots more money, at least 100 million or more... theres something wrong here.

[ixion]

5. well, here's the evidence of price gouging...

Thanks to BushCo, the oil companies run wild. :grr:

[Ganja Ninja]

6. Mission Accomplished!

:party: :toast: