Thursday, October 27, 2005


Exxon Mobil, Shell Post Record Profits

By STEVE QUINNAssociated Press Writer

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.


Anonymous said...

Stop your crying, my oil stocks are doing GREAT!

Anonymous said...


Anonymous said...

I just filled up my Hummer

Anonymous said...

My tax cuts covered it