Exxon Mobil Profit Up 56 Pct, Stock Off
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Exxon Mobil Corp., the world's largest  publicly traded oil company, on Thursday said quarterly profit  surged 56 percent, driven by soaring oil prices and strong  results from refining operations.
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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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Exxon Mobil Corp. , the world's largest publicly traded oil company, said on Friday it would take a charge of &#36;550 million in the third quarter to cover claims from gas station owners who sued the company for fuel overcharges.
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Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) , the world&#39;s largest publicly traded oil company, said on Friday it would take a charge of $550 million in the third quarter to cover
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Stocks rose on Thursday as a gain of more than $1 a barrel in oil prices boosted shares of energy companies, including Exxon Mobil Corp. , offsetting disappointment over profit reports from Bear Stearns  and Goldman Sachs .
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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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The oilfield services company said profit rose 35 percent to $1.35 billion in the third quarter, as strong demand in Latin America, Russia and Asia offset weakness in domestic markets.
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Royal Dutch Shell Plc  posted a 2.6 percent rise in underlying quarterly profits on Thursday, beating analysts' forecasts, thanks to higher production and strong oil prices.
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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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Exxon Mobil Corp.  posted lower fourth-quarter earnings on Thursday on weaker 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. history.
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Schlumberger Ltd , the world's largest oilfield services company, posted a 22 percent rise in fourth-quarter profit on Friday, but said weaker prices in the United States and the effects of seasonal weather hurt margins.
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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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U.S. blue-chip stocks ended higher on Thursday as optimism about strong profits from companies, including Exxon Mobil Corp., pushed the Dow to a new record close.
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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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Kroger Co.  said on Tuesday that quarterly profit rose 15.8 percent and raised its 2006 earnings view, sending its shares to their highest level in five years, as the grocery chain benefited from lower prices and a better selection of products such as fresh produce.
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U.S. blue-chip stocks advanced on Thursday on optimism about strong profits from companies including Exxon Mobil Corp.  while the Nasdaq was flat.
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U.S. stocks trimmed losses on Thursday as a rise in energy shares such as Exxon Mobil Corp. tempered losses from a drop in a gauge of Midwest business activity.