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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (44370)	10/27/2005 12:10:32 PM
From: Jim McMannis	Respond to of 110194

They are really after big oil today. Exxon reports 9.9 billion in profits. They should have given the shareholders a one time dividend. ---------------- Record prices send Exxon earnings through the roof Exxon Mobil Corp.'s third-quarter profit shot up 75 percent, boosted by record oil and gas prices. The Irving-based oil company posted net income of $9.9 billion, or $1.58 a share, compared to third-quarter 2004 net income of $5.68 billion, or 88 cents a share. Third-quarter earnings include a $1.62 billion gain related to the restructuring of the company's interest in the Dutch gas transportation business. Excluding special items, Exxon's earnings were $8.3 billion, or $1.32 a share, compared to $6.23 billion, or 96 cents a share, in last year's quarter. Analysts polled by Thomson First Call expected earnings of $1.38 a share. Exxon (NYSE: XOM) racked up $100.7 billion in quarterly sales compared to $76.4 billion a year ago. The company said earnings from U.S. upstream operations rose $498 million to $1.67 billion, while U.S. downstream operations were up $548 million to $1.1 billion. Oil and gas production was down by 4.7 percent verses the third quarter of 2004, hurt by disruptions related to hurricanes Rita and Katrina, divestments and entitlement effects. Web site: www.exxonmobil.com