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Home >> Business
UPDATED: 10:44, January 31, 2006
U.S. Exxon Mobil posts record-high profit in 2005
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Exxon Mobil Corp., the largest energy company in the United States, reported on Monday that its net income surged by 43 percent to a record high of 36.13 billion dollars in 2005 from 25.33 billion dollars in the previous year.

Annual revenue increased to 371 billion dollars in last year from 298.04 billion dollars in 2004.

The company also posted a record high quarterly profit of 10.71 billion dollars in the fourth quarter as the world's biggest publicly traded oil company benefited from high oil and gas prices and demand for refined products.

Exxon's quarterly revenue also surged to 99.66 billion dollars in the last three months of 2005 from 83.37 billion dollars a year ago. However the revenue was slightly lower than 100.72 billion dollars the company posted in the third quarter. Exxon's revenue in the third quarter of 2005 was the first time a U.S. public company generated more than 100 billion dollars in sales in a single quarter.

Source: Xinhua


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