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Gold/Mining/Energy : XON - Exxon Corp.
XOM 121.43+0.9%11:34 AM EST

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To: Grislee bear who wrote ()10/23/1997 2:11:00 PM
From: Alan Wojtalik   of 242
 
Wednesday October 22 7:14 PM EDT

RESEARCH ALERT - Salomon raises oil co earnings

NEW YORK, Oct 22 (Reuters) - Salomon Brothers analyst Paul Ting said in a research report that he had raised 1997 earnings per share estimates for Exxon Corp (XON) and Texaco Inc (TX).

''Most impressively, ths massive share repurchase did not make a dent in Exxon's financial strength,'' said Ting.

Ting raised 1997 EPS for Exxon to $3.11 per share from $3.05 for fiscal 1997 and Texaco to $3.36 from $3.30.
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