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Article: Exxon Mobil Profits Boosted by Improved Refining Margins, Higher Oil Prices.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 1, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Sudeep Reddy, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 1--Exxon Mobil Corp. said Thursday that profits rose 58 percent in second ...uarter, thanks to higher oil and gas prices, improved refining margins and surprising results from its chemicals business.
The world's largest publicly traded oil company reported earnings of 62 cents a share, or $4.17 billion, on revenue of $57.2 billion. In the second ...uarter of 2002, Irving-based Exxon Mobil earned $2.64 billion, or 39 cents a share.
Its ...uarterly returns, which beat analysts' expectations of 56 cents a share, brought its profits for the first half of the ...