ExxonMobil does it again


Shares of oil giant Exxon Mobil Corp. (NYSE: XOM) are trading up 0.8% to in $74.70 in the pre-market after the oil giant once again shattered analyst estimates for the fourth quarter.

I have been wondering how the world's largest publicly traded company would do considering the tough fourth quarter oil had, but once again Exxon Mobil has come out on top. For the three month period ending December 31, XOM posted earnings of $10.25 billion, or $1.76 a share. Excluding one-time items, Exxon Mobil earned $1.69 a share. Analysts had been expecting to see the company come in with $1.51 earnings per share.

For the entire year 2006, the company set yet another record for largest annual profit a U.S. company had ever posted with a mind blowing $39.5 billion! This shatters the previous record of $36.13 that the company had set during 2005.

For more on today's earnings be sure to check back at 11:00 a.m. EST when I will be live blogging the company's conference call.

One thing is for sure, for XOM it is good to be king ... again.

Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer.

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