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Thursday, July 27, 2006

Exxon Mobil Earns $10.4 Billion in 2Q

Exxon Mobil Corp. said Thursday it earned $10.36 billion in the April-June period, the second largest quarterly profit ever recorded by a publicly traded U.S. company. Its shares rose 54 cents to $67.14 in afternoon trading on the New York Stock Exchange after reaching a new all-time high of $67.65 earlier in the session.

Royal Dutch Shell's second-quarter earnings jumped 40 percent to $7.32 billion. BP reported second quarter profits of $7.3 billion and ConocoPhillips said its earnings rose 65 percent to $5.18 billion. Chevron Corp. will round the field of five majors when it reports its second-quarter performance Friday.

If you owned stock in any of these companies, you are a happy person (and you rejoice in seeing gas prices rise even more).


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