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Article: High oil prices lift Exxon Mobil 4th-qtr. earnings to record high.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- January 31, 2006
CopyrightCOPYRIGHT 2006 Kyodo News International. 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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Jan. 31--NEW YORK -- Exxon Mobil Corp. said Monday its net profit for the October-December quarter jumped 27.2 percent from a year earlier to $10.71 billion, a record-high quarterly profit, bolstered by persistently high crude oil prices.
Sales grew 19.5 percent to $99.66 billion.
During the three-month period under review, the oil giant's production in the United States temporarily declined due to the effects of hurricanes Katrina and Rita that hit the southern part of the country last year.
The temporary fall in output, however, was more than covered by persistently high crude ...