Summary
DALLAS - Exxon Mobil Corp., the world's largest publicly traded oil company, posted record profits of $5.79 billion Thursday, and the Royal Dutch/Shell Group of Cos. saw its earnings rise 54 percent, thanks to higher prices for oil and natural gas.
The sterling earnings reports, which came on top of strong results from BP and ConocoPhillips, may be small comfort to motorists paying about $2 for a gallon of regular unleaded unless they also happen to be shareholders.See the full content of this document
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High Oil Prices Lift Exxon, Shell Earnings
Exxon Mobil, for instance, earned a profit of more than $10 on each barrel of oil it produced, said Pat Mulva, the company's director of investor relatio...
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