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Article: Exxon Mobil reports record quarterly earnings.
- Article from:
- The Dallas Morning News (Dallas, TX)
- Article date:
- October 28, 2005
CopyrightCOPYRIGHT 2005 The Dallas Morning 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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Byline: Elizabeth Souder
Oct. 28--Exxon Mobil on Thursday reported the highest quarterly revenue of any U.S. company ever, thanks to record-high oil and natural gas prices in the wake of Hurricanes Katrina and Rita.
The big jump in earnings for Exxon Mobil, as well as other major oil companies, prompted a backlash from some politicians, concerned that high energy costs are hurting voters.
"At the same time that oil companies are posting record profits, Americans are paying more than ever to fill up their cars and heat their homes," said Senate Majority Leader Bill Frist, R-Tenn.
Mr. Frist called for Senate committee hearings, where ...