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Friday, February 01, 2008

Exxon Mobil sets new profit record

Earlier this week Shell set a new profit record for the UK.

Exxon Mobil said on Friday record oil prices boosted its fourth-quarter earnings to $11.66 billion, the highest ever operating profit by a U.S. company.

Net earnings per share at the world's largest non-government-controlled oil company rose to $2.13 a share from $1.76 a share last year. Net income in the year-earlier quarter was $10.25 billion.

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