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OIL NEWS * USA - ExxonMobil Breaks U.S. Record for Quarterly Profit
Irving,TX,USA -Bloomberg News/Transport Topics -1st Aug 2008: -- ExxonMobil Corp. broke its own record for the largest quarterly profit posted by a U.S. company, reporting net earnings of $11.7 billion, or $2.22 a share, up from $10.3 billion, or $1.83, a year ago... Revenue jumped 40% to $138.1 billion, Irving, Texas-based Exxon said in its latest quarterly earnings statement... Still, the oil company’s profits came in below analyst expectations of $2.48 a share, prompting a sell off that culminated in the biggest one-day drop in Exxon’s stock price in almost a year... Labels: oil profits
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