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.’
