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.’

Leave a Reply