Exxon Mobils profit climbs 53%
Oil majors results are richest since third quarter of 2008
By Steve Gelsi, MarketWatch
Last Update: 1/31/2011 04:12:14 PM
NEW YORK (MarketWatch) Exxon Mobil Corp. said Monday that its fourth-quarter
profit rose 53% to top $9 billion, marking the oil major?s richest results since
the third quarter of 2008 as it benefited from higher crude-oil prices and a jump
in production.
Shares of Exxon Mobil (XOM)?rose 2.1% to $80.68, climbing above the $80 level for
the first time since August, 2008, and lending strength to the energy sector.
See: Exxon, Chesapeake fuel gains in energy stocks.
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