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38

Exxon Mobil Announced Highest Ever Profit

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