World-News

The U.K. oil major posted a net profit of $9.47 billion for the three months ended June 30, or 49.8 cents a share, up from $7.38 billion, or 38.2 cents a share, a year earlier.

http://tinyurl.com/58fn34


From Information Clearing House

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Rising Oil Prices Swell Profits at Exxon and Shell
http://www.nytimes.com/2008/08/01/business/01oil.html


Informant: Teresa Binstock

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Rising Oil Prices Power Enormous Exxon Profits

Tom Bergin and Michael Erman, Reuters: "Exxon Mobil Corporation broke its own record for the highest quarterly profit for a US company on Thursday, joining other major oil companies in posting stronger earnings on the back of sky-high oil prices."

http://www.truthout.org/article/rising-oil-prices-power-enormous-exxon-profits



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