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Exxon Mobil Announced Highest Ever Profit

The world's largest oil company Exxon Mobil reported the ever highest profit

Exxon Mobil Announced Highest Ever Profit

Exxon Mobil, the world's largest oil company, has reported the highest-ever annual profit by a US business.

Boosted by record global energy prices in the first half of the year, its 2006 net profit totalled $39.5bn, a 9% increase on $36.1bn in 2005.

Its 2006 revenues rose to $377.6bn, from $286bn a year earlier.

The decline in oil and petrol prices towards the end of the 2006 meant Exxon's profits for October to December dipped 4.3%.

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