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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Reader Comments (Page 1 of 1)
2-01-2007 @ 10:05AM
Bruce E Warnock said...
What they really did to us shareholders is keep the dividend the same for the 5th straight quarter. We are retired folks and look to these dividends to supplement our social security etal. With XOM being the country's most profitable corporation, they could share more of the wealth with their shareholders.
2-01-2007 @ 10:47AM
walter jones said...
with Washington wanting to impose a winfall profit tax why shouldn't XOM give the sharholders a special one time dividend and give the shareholders the profit instead of to the government if the shareholders emailed ,mailed,or called XOM shouldn't it have a positive reaction
2-01-2007 @ 4:30PM
Andy said...
If the government adds a windfall tax,who do they think is going to pay for it.Another idiot in congress wants it made a law to pay CEO`s based on performance of the stock and apparently that what brokers want to.The company makes 10 Billion when everyone else doesn`t even come close but their stock price goes up and Exxon`s goes down,go figure.
2-01-2007 @ 12:04PM
D Mcdowell said...
Thirty-nine billion and they still have not cleaned up the Exon Valdez oil spill and refuse to pay the five billion dollar judgement. as with any company they have a right to profit, they also have to be responsible for their actions. This company seems to be above any ethical responsibility for their actions. I have not bought any product from them since their refusal to pay or clean and feel all Americans should boycott this company
2-01-2007 @ 1:46PM
gb moseley said...
lets up the dividend or do a 2-1 split!!!!!!!!
2-01-2007 @ 3:37PM
Bill Grace said...
Let have some splits or divdends. We the stock holders invested ouor money so that the company was able to do business to make these mega profits.
2-03-2007 @ 11:45PM
Ruth Schmitt said...
I feel that more of the profits from XOM should go to those who gave them the money to work with. I propose a 3 to 1 split for all of us who invested with them, it's been too many years since the last split. Now is the time!