US oil giant Exxon Mobil Corp., the world's largest publicly traded oil company, announced its Thursday quarterly profit surged 75% to nearly $10 billion, raking in a bonanza from record oil prices.
The profit has become the record in the company?s history, surpassing the record in the fourth quarter 2004. Revenue jumped 32% to just over $100 billion.
Exxon Mobil said net income rose to $9.9 billion, or $1.58 a share, in the third quarter from $5.68 billion, or 88 cents a share, a year earlier.
After Katrina and Rita ripped through the Gulf of Mexico in the third quarter, disrupting energy operations in the region, oil prices and refining margins shot up sharply.
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Exxon Mobil Beat Its Own Record
US oil giant Exxon Mobil Corp., the world's largest publicly traded oil company