News - Written by Bart on Friday, February 1, 2008 8:11 - 0 Comments

Exxon shatters profit records

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NEW YORK (CNNMoney.com) — Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company, boosted in large part by soaring crude prices.

Exxon, the world’s largest publicly traded oil company, said fourth-quarter net income rose 14% to $11.66 billion, or $2.13 per share. That’s up from $10.25 billion, or $1.76 per share, in the year-ago period.

That topped Exxon’s previous quarterly profit record of $10.7 billion, set in the fourth quarter of 2005, which also was a record for a U.S. corporation.

Full story from CNNMoney



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