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ExxonMobil sees 53% increase in profits in 2010 Q4
By: BillOReilly.com StaffFebruary 1, 2011
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STORY EXCERPT
Fort Worth Star-Telegram: Irving-based oil and gas titan Exxon Mobil, boosted by rising crude-oil prices, on Monday reported fourth-quarter net income of $9.25 billion, or $1.85 a share, on revenue of $105 billion. Earnings showed a 53 percent gain over net income of $6.05 billion, or $1.27 a share, in the year-ago period. It was Exxon's most-profitable quarter since the third quarter of 2008, when the company posted net income of more than $14.8 billion, the highest quarterly profit ever for a publicly traded company. Crude-oil and natural gas prices peaked at the start of that quarter before beginning a rapid decline.
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