US oil giant Exxon Mobil Corp., the world's largest publicly traded oil company
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.