Exxon Posts Record U.S. Profit
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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 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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Archer Daniels Midland posted a record quarterly profit on higher selling prices for ethanol and corn sweetener.
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Oil prices at record highs sent  quarterly profits up at ConocoPhillips COP.N and two other  top U.S. producers on Wednesday.
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The Dow Jones industrial average  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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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. XOM.N, 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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Exxon Mobil, the world's largest public oil company, makes a record $25bn profit in 2004 on the back of surging oil prices.
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High energy prices help US oil giant Exxon Mobil report the highest ever annual profit by a US company - $39.5bn.
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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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Amerada Hess Corp. AHC.N on  Wednesday reported higher quarterly profit, spurred by record  oil and gas prices.
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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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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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Oil spills and safety lapses in the United States have overshadowed record profits.
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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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BP said that second-quarter profit rose on the sale of the Coryton refinery in Britain and the West Texas pipeline in the United States to Occidental Petroleum.