Exxon Mobil Profit Sets Record Again
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Exxonâs $40.6 billion in net income in 2007 exceeded the companyâs own record for profits at a U.S. corporation.
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Oil giant BP today said record fuel prices and better refining margins had helped it to bank nearly Â£1 million a day in profits. BP posted profits of 3.94 billion US
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Oil prices hit another record on  Friday, trading as high as $53.40 a barrel, on supply worries  ahead of a planned oil worker strike in Nigeria and delays in  post-Hurricane Ivan U.S. output recovery efforts.
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DALLAS (CBS.MW) - Exxon Mobil on Thursday said third-quarter net income jumped 56 percent, boosted by high oil and gas prices, better refining and marketing results and record chemical earnings.
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Today's top news stories are global warming and Exxon's $40 billion 2006 profits. Oil companies should use some profits from the activities that cause global warming to develop fuel-efficient, low-emission tech. In Autopia.
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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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Exxon Mobil Corp  said on  Friday record oil prices boosted its fourth-quarter earnings to  $11.66 billion, the highest ever operating profit by a U.S.  company.
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HOUSTON  Â Record oil prices helped ConocoPhillips post a 37 percent increase in fourth-quarter profit even though it produced less crude oil and natural gas than a year earlier.
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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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The Dow Jones industrial average  (.DJI) finished at a record high on Tuesday, as a rise in oil  prices boosted shares of Exxon Mobil Corp.  and  investors thought a jump in an inflation gauge would not  necessarily lead to increasing interest rates.
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U.S. crude prices rose to another new  record on Thursday, rising 25 cents to $47.52 a barrel on  evidence that high prices are not hurting world oil demand  growth.
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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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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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Record high oil prices sent quarterly  profit up 53 percent at ConocoPhillips COP.N and fueled  results at other oil giants Amerada Hess AHC.N and Kerr-McGee  Corp. KMG.N
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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 becomes the latest oil firm to report surging profits, driven by crude's recent record-breaking climb.
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Shell reports a record profit for a UK-listed company of Â£9.3bn but also restates its oil reserves again.