Thursday, October 27, 2005

Surprise

Exxon Mobil, Shell Post Record Profits

By STEVE QUINNAssociated Press Writer
DALLAS

High prices for oil and natural gas propelled Exxon Mobil Corp. and Royal Dutch Shell PLC to their best quarterly results ever on Thursday, with Exxon becoming the first U.S. company ever to ring up quarterly sales of $100 billion.

To put Exxon's performance into perspective, its third quarter revenue was greater than the annual gross domestic product of some of the largest oil producing nations, including the United Arab Emirates and Kuwait. The world's largest publicly traded oil company also set a profit record for U.S. companies by posting net income of almost $10 billion, according to Standard & Poor's equity market analyst Howard Silverblatt.

6 comments:

Spiro Agnew said...

Stop your crying, my oil stocks are doing GREAT!

Pope George Ringo said...

OUTRAGEOUS!

soccermike said...

I'm glad your stocks are doing great, then you could take that profit and spend it on gas.

Spiro Agnew said...

I just filled up my Hummer

soccermike said...

Now your probably broke. I hope you could make the payment on the neighborhood tank next month.

Spiro Agnew said...

My tax cuts covered it