|
|
Article: Exxon Mobil Profits Surge on High Prices
- 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)
|
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. The company said it would have earned $6.23 billion in the recent quarter after excluding a $550 million charge to cover the cost of a class-action lawsuit by gas station dealers.
Analysts surveyed by Thomson First Call had forecast 87 cents per ...