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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Oil giant BP reports a 15% rise in annual profits, buoyed by high crude prices in the first half of the year.
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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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Oil giant BP today posted record profits of $3.94bn (Â£2.14bn) after fuel prices hit new highs. The third quarter performance of Britain&#39;s biggest listed company came as oil prices rose to an average of almost $50 a barrel.
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Exxon Mobil Corp.  plans to spend about $20 billion annually through 2011 and start production at 25 major oil and gas projects over the next three years, the world's largest publicly traded oil company said on Wednesday.
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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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Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company.
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Oil spills and safety lapses in the United States have overshadowed record profits.
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The oil company said net income rose to $4.37 billion as record oil prices outweighed lower profits from gasoline production.
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The oilfield services provider said fourth-quarter profit rose almost 5 percent from a year ago, helped by growing business in the Eastern Hemisphere.
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HOUSTON -- Oil giant Exxon Mobil Corp. said yesterday it will spend some of its record profits on more than 20 new global projects in the next three years, investments expected to add 1 million oil-equivalent barrels a day to the company's volumes at peak production.
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BP Plc, the world's second-largest  listed oil company by market capitalization, reported  above-consensus fourth-quarter profits on Tuesday thanks to  high oil prices and strong refining margins.
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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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Oil prices at record highs sent quarterly profits up at ConocoPhillips  and two other top U.S. producers on Wednesday.
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Schlumberger Ltd. , the world's largest oil service company, said on Friday its second-quarter profit rose as high energy prices drove demand for its products, especially in international markets.
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US oil giant Chevron said its full-year 2006 profit rose 22 percent to a company record 17.1 billion dollars even though fourth-quarter results were squeezed by falling energy prices.
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Oil giant Royal Dutch Shell reports record annual profits of $25.36bn, despite some setbacks in 2006.