Thursday, July 31, 2008

Exxon Profit Soars Again

Exxon Mobil reported a 14% increase in second-quarter net income.

Net income rose 14 percent to $11.7 billion, or $2.22 a share, from $10.3 billion, or $1.83, a year earlier. It is highest profit ever for a U.S. company without one-time gains.

However, Production tumbled 7.8 percent after assets were seized in Venezuela, Nigerian workers went on strike.

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