Exxon Mobil Has Biggest Quarter Ever (XOM)
It appears that record oil prices really are paying off for Exxon Mobil Corp. (NYSE: XOM). The largest company by market cap is reporting that it made some $11.66 Billion in quarterly profits on a whopping $116.64 Billion in quarterly…
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It appears that record oil prices really are paying off for Exxon Mobil Corp. (NYSE: XOM). The largest company by market cap is reporting that it made some $11.66 Billion in quarterly profits on a whopping $116.64 Billion in quarterly revenues. This revenue number compares to $90 Billion in Q4-2006. As far as how this translates into simple shareholder math, Exxon generated $2.13 diluted earnings per share. First Call had estimates pegged at a $1.95 estimate.
If you looked at Valero’s numbers this week, it looked like the refiners were starting to look safer.
In early pre-market trading, shares of XOM are trading up 1.7% at $87.90. The 52-week trading range is $69.02 to $95.27.
Jon C. Ogg
February 1, 2008
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