Exxon Mobil makes record $36.13B US in 2005
Last Updated Mon, 30 Jan 2006 10:54:50 EST
High prices for oil and gasoline have driven Exxon Mobil to the biggest quarterly and full-year profits in U.S. corporate history.
On Monday, the company (NYSE:XOM) said it made $10.71 billion US in the fourth quarter and $33.13 US billion for the year.
The company owned the previous records for quarterly and annual profits.
Exxon said it made $1.71 US per share in the last three months of 2005, up from $1.30 US a year earlier. Excluding onetime charges, the company made $1.65 US per share, well ahead of the $1.44 US that Wall Street analysts had been expecting.
The firm's fourth quarter revenues also rose sharply, climbing to $99.66 billion US from $83.37 billion US a year ago.
For the full year, Exxon made $5.71 US a share, up from $3.89 US in 2004. Full-year revenue rose to $371 billion US from $298.04 billion US.
Shares of Exxon rose $1.82 to close at $63.11 US on the NYSE.