Exxon Mobile reports record profit


October 30, 2008

HOUSTON (AP) -- Exxon Mobil reports a record profit of $14.8 billion dollars in the third quarter, benefiting from the peak in oil prices seen in the summer.

It had held the earlier record as well.

Exxon said net income surged nearly 58 percent to $2.86 a share in the July-September period. The previous record for U.S. corporate profit was set in the previous quarter by Exxon Mobil's nearly $11.7 billion dollars.

Excluding one-time items, the third-quarter earnings were nearly $13.4 billion.

Crude prices have dropped about 50 percent from the record in mid-July.

(Copyright 2008 Associated Press. All rights reserved.)

WRDW.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
Mailing Address: P.O. Box 1212 Augusta, GA 30903 Main Telephone: (803) 278-1212 Newsroom: (803) 278-3111 Fax: (803) 442-4561
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 33577029 - wrdw.com/a?a=33577029
Gray Television, Inc.