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Thursday, February 2, 2006

 

Exxon profits hit fresh US record

`US oil giant Exxon Mobil has posted a quarterly profit of $9.9bn (5.55bn), the largest in US corporate history, on the back of record oil and gas prices.

Profit was up 75% and revenue rose 32% to more than $100bn. [..]

Oil and gas companies have been benefiting from the rising cost of oil, brought on by the two hurricanes which hit the Gulf of Mexico in late summer, disrupting output.’




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