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Exxon makes corporate historical record profits { January 30 2006 } Original Source Link: (May no longer be active)    http://www.washingtonpost.com/wp-dyn/content/article/2006/01/30/AR2006013000261.html http://www.washingtonpost.com/wp-dyn/content/article/2006/01/30/AR2006013000261.html Exxon Makes U.S. Corporate History With High Profits By Justin Blum Washington Post Staff Writer Monday, January 30, 2006; 12:57 PM Exxon Mobil Corp. reported today that its 2005 earnings totaled $36.13 billion, the largest annual profit ever for a U.S. company. The company's annual profit was up 43 percent from the year before. Exxon Mobil, the world's largest publicly traded oil company, also reported $10.71 billion profit for the last quarter, an increase of 27 percent from the year before. Those are the largest reported net income numbers in U.S. history, according to Howard Silverblatt, an analyst for Standard & Poor's in New York. He said the previous records were set by Exxon in the third quarter of last year and in 2004. Exxon and other oil companies have benefited from unusually high prices for crude oil, gasoline and natural gas -- the result of tight supplies and heavy demand. Hurricanes Katrina and Rita, which disrupted domestic production and refining, contributed to those conditions and pushed prices higher. Chevron Corp. last week reported that its fourth quarter profit was up 20 percent form the year before. ConocoPhillips reported a 51 percent increase in fourth-quarter profit. Marathon Oil Corp. reported that its fourth quarter profit nearly tripled. Oil giants BP PLC and Royal Dutch Shell PLC have not yet reported their profits. Oil companies are trying to downplay their profits, partly because some members of Congress have been calling for new taxes on oil companies. Exxon and the American Petroleum Institute, an industry trade group, ran newspaper ads today saying oil companies' earnings per dollar of sales are below, or in line with, those of other industries. © 2006 The Washington Post Company

21 california refineries probed in gas increases Bush warns of tough summer with higher petrol prices Chevron profit soears to record high { December 2006 } Crude oil jumps above 65 on iran nigeria supply Ethanol switch cited for outages at houston gas stations { April 28 2006 } Exxon makes corporate historical record profits { January 30 2006 } Fuel delivery problems caused by ethanol switch Oil at all time record since 1980 in { June 2006 } Oil execs refuse to testify for profiteering Oil falls a second day on adequate fuel supplies Oil falls on iran letter to push { May 8 2006 } Oil firms in line for 7b royalty break { February 14 2006 } Oil high despite oil inventories record highs { February 2006 } Oil hits record 74 on iran fears { March 2006 } Oil hits three month high on iran concerns Oil prices not driving up inflation { May 21 2006 } Shell closes good california refinery during shortage Stocks drop as oil hits new highs Files Listed: 18

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