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Reply #9: Oh GIVE ME A BREAK!!! Anyone remember this headline? "Exxon Mobil Profit Soars 75%" [View All]

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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-01-06 12:17 AM
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9. Oh GIVE ME A BREAK!!! Anyone remember this headline? "Exxon Mobil Profit Soars 75%"

Exxon Mobil Profit Soars 75% :nopity:



By Justin Blum
Washington Post Staff Writer
Friday, October 28, 2005; Page D01

High prices for crude oil, gasoline and natural gas helped Exxon Mobil Corp. to its highest-ever quarterly profit, $9.92 billion, up 75 percent from the third quarter last year, the company said yesterday.

Profit in the third quarter at the world's largest publicly traded oil company set an industry record, and its sales of $100.72 billion were the highest in a quarter by U.S. company, according to Standard & Poor's.

Other oil companies have reported soaring third-quarter profits this week. Royal Dutch Shell PLC, based in the Hague, said yesterday that its third-quarter profit was not far behind Exxon Mobil's: $9.03 billion, up 68 percent. London-based BP PLC reported profit of $6.53 billion, up 34 percent.

The industry benefited from tight supply and heavy demand that sent crude oil prices higher on world markets. Hurricanes in the Gulf of Mexico helped push futures prices for crude oil close to $70 a barrel and sent retail gasoline prices above $3 a gallon during the quarter. Natural gas prices rose to record highs....

(more at link) <http://www.washingtonpost.com/wp-dyn/content/article/2005/10/27/AR2005102700449.html>

Maybe the guy needs some OTHER incentive, like PRISON Time!

HEY REX!
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