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Article: Exxon Mobil Set Record Profit in 2003
- Article from:
- AP Online
- Article date:
- January 29, 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
01-29-2004
Dateline: DALLAS
Exxon Mobil Corp. saw fourth-quarter earnings jump 63 percent as it benefited from higher prices for crude oil and natural gas.
Exxon Mobil, the world's largest publicly traded oil company, said Thursday that it also set a record for earnings in one year, $21.51 billion, nearly double its profit for all of 2002.
In the October-December quarter, Exxon Mobil earned $6.65 billion, or $1.01 per share compared with $4.09 billion, or 60 cents per share, a year earlier.
Excluding $2.23 billion from settlement of a dispute with the Internal Revenue Service and other one-time gains and losses, Exxon Mobil said it earned operating ...