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Article: Exxon Mobil Profits Surge on High
- Article from:
- AP Online
- Article date:
- October 28, 2004
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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DAVID KOENIG, AP Business Writer
AP Online
10-28-2004
Dateline: DALLAS
Exxon Mobil Corp., the world's largest publicly traded oil company, reported record third quarter profits and may be headed for all-time marks for annual revenue and earnings, thanks to higher prices for oil and natural gas.
The company said it earned $5.68 billion, or 88 cents per share, in the third quarter, compared with $3.65 billion, or 55 cents per share, a year earlier.
Analysts surveyed by Thomson First Call had forecast 87 cents per share.
Revenue jumped to $76.38 billion from $58.84 billion.
Profits from exploration and production jumped nearly one-third, to $3.93 billion, and earnings from refining and selling ...