Exxon shatters profit records --Oil giant makes corporate history by booking $11.7 billion in quarterly profit; earns $1,300 a second in 2007. 01 Feb 2008 Exxon Mobil made history on Friday by reporting the highest quarterly and annual profits ever for a U.S. company, boosted in large part by soaring crude prices. Exxon, the world's largest publicly traded oil company, said fourth-quarter net income rose 14% to $11.66 billion, or $2.13 per share. That's up from $10.25 billion, or $1.76 per share, in the year-ago period. That topped Exxon's previous quarterly profit record of $10.7 billion, set in the fourth quarter of 2005, which also was a record for a U.S. corporation.

Exxon Posts Record Profit of $40.6 Billion For '07 --Exxon Mobil's 2007 net income of $40.61 billion sets new record for U.S. company 01 Feb 2008 Exxon's record fourth-quarter profit helped push the company to a new annual best, with earnings of $11.66 billion, topping the previous record, set in the fourth quarter of 2005, when the company saw earnings of $10.71 billion.

Chevron 4th-Quarter Profit Rises on Record Oil Prices 01 Feb 2008 Chevron Corp., the second-largest U.S. oil company, said fourth-quarter profit rose 29 percent as crude prices climbed to a record on their way to topping $100 a barrel last month. Net income increased to $4.88 billion, or $2.32 a share, from $3.77 billion, or $1.74, a year earlier, San Ramon, California-based Chevron said today in a statement.

Exxon, Chevron earnings soar on record oil prices 01 Feb 2008 Exxon Mobil Corp, the world's largest non-government-controlled [government-subsidized] oil company, on Friday posted the highest-ever quarterly and yearly profits by a U.S. company, propelled by record oil prices. Chevron, the second-largest U.S. oil company, said its fourth-quarter earnings rose 30 percent as the soaring crude prices outweighed relatively weak refining profits.

Shell Rakes in $8.5 Billion in Three Months 31 Jan 2008 Royal Dutch Shell, the world's second-largest publicly traded oil company, today reported net income up 60 percent last quarter to a record $8.47 billion, thanks to the same rising crude oil prices that most observers expect will lift the profits of Exxon Mobil and Chevron tomorrow to nearly historic levels.