Exxon Sets Record on Annual Profits
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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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After months of soaring crude oil prices, BP, the world&#39;s second-biggest publicly traded oil company, reported a 43 percent rise in third-quarter profit on Tuesday and forecast
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ConocoPhillips  posted higher  fourth-quarter earnings on Wednesday as record oil prices  outweighed lower profits from gasoline production.
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Royal Dutch Shell (RDSa.L) posted a  record European company profit of $27.6 billion for 2007, but  lower production and indications of reserves suggest earnings  growth will rely on oil price rises for some years to come.
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NEW YORK -- Exxon Mobil Corp. has posted the largest annual profit in U.S. history at $39.5 billion, despite a 4 percent decline in fourth-quarter profit.
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Anglo-Dutch oil giant Royal Dutch Shell said on Thursday that net profits leapt 23 percent last year to a record 31.331 billion dollars (21.115 billion euros), energised by soaring crude prices.
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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 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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Oil giant Shell is reportedly set to announce the largest profit in UK corporate history on the back of record oil prices.
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Buoyed by soaring crude oil prices, Exxon Mobil announced yesterday that it set new records for U.S. quarterly and annual corporate profits in 2007, and Chevron, the nation's second-largest oil company, also reported big gains in earnings.
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Imperial Oil, Canada&#39;s largest energy company, said third-quarter profit rose 44 percent as oil prices surged to a record and natural-gas production increased.
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Exxon Mobil Corp. , the world's largest publicly traded oil company, on Thursday reported a rise in quarterly profit, driven by soaring oil and gas prices in the quarter.
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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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BP Plc, the world's second largest oil  company, reported bumper third-quarter profits on Tuesday on  the back of high oil prices and stronger than expected refining  and chemicals margins.
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Statoil ASA said Monday that high oil prices boosted its revenues to a new record for 2005, with net profits more than doubling in the fourth quarter.
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Exxon said it would spend much of the record $39.5 billion it earned last year by increasing investment in oil and natural gas projects.
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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.