Exxon Sets Profit Record: $40.6 Billion Last Year
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Like most oil companies, Exxon benefited from a near doubling of oil prices, as well as higher demand for gasoline last year.
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Occidental Petroleum Corp. OXY.N on  Monday reported a higher quarterly profit, benefiting from high  oil and gas prices.
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Oil hit a fresh record high of &#36;75.70 a  barrel on Friday after a U.S. government report showed strong  fuel demand in the world&#039;s top oil consumer.
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The $39.5 billion profit topped the previous record for a U.S. company, which Exxon set in 2005.
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ChevronTexaco Corp., the No. 2 U.S. oil company, on Friday reported a rise in quarterly profit, pumped up by record oil and gas prices and gains on asset sales.
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Mining giant BHP Billiton reported a record first half-profit of 6.168 billion dollars, up from 4.364 billion in the same period the previous year.
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ChevronTexaco Corp., the No. 2 U.S.  oil company, on Friday said quarterly profit jumped, driven  largely by a sharp rise in oil and gas prices.
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Record oil prices lifted Exxonâs fourth-quarter earnings to $11.66 billion, the highest ever operating profit by a U.S. company.
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Exxon Mobil Corp. posted the largest annual profit in U.S. history Thursday, even though fourth-quarter earnings fell on lower natural gas prices and shrinking gasoline margins.
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Exxon Mobil becomes the latest oil firm to report surging profits, driven by crude's recent record-breaking climb.
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Exxonâs fourth-quarter earnings of $11.66 billion are the highest-ever operating profit by a U.S. company.
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Exxon Mobil Corp. XOM.N, the world's  largest publicly traded oil company, on Thursday reported a 56  percent rise in quarterly profit, driven by soaring oil and gas  prices.
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The company said its profit rose 56 percent to $1.45 billion in the fourth quarter as oil prices surged.
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ChevronTexaco Corp. CVX.N, the No. 2  U.S. oil company, on Friday said quarterly profit nearly  doubled, pushed up by a double boost of record energy prices  and higher refining margins.
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Exxon Mobil Corp.  posted lower fourth-quarter earnings Thursday on weak natural gas prices and shrinking gasoline profits, but earnings for the full year 2006 were an eye-popping $39.5 billion, the highest in U.S. corporate history.
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Exxon Mobil Corp. Thursday reported the biggest annual profit on record for a U.S. corporation - earning more than $75,000 every minute of 2006 on the back of record oil prices.
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High oil and gas prices and bigger profit margins in refining helped the British energy giant BP PLC nearly double its third-quarter earnings, the company said Tuesday.