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Exxon Mobil Earnings Set U.S. Record
Company Made More Than $36 Billion Last Year

POSTED: 8:24 am PST January 30, 2006
UPDATED: 8:30 am PST January 30, 2006

IRVING, Texas -- Exxon Mobil managed to beat the record for the most profitable quarter for any U.S. company.

It also held the old record.

The world's largest publicly traded oil company made nearly $11 billion in the fourth quarter and more than $36 billion last year.

Exxon's profit for the year was also the largest annual reported net income in U.S. history by any U.S. company.

Exxon Mobil said Monday that it earned $10.7 billion, or $1.71 a share.

That was up from more than $8.4 billion a year ago.

Exxon's third-quarter profit last year stood as the previous record, at more than $9.9 billion.

Revenues in the quarter came in just below $100 billion.

Excluding a one-time gain from a settlement, Exxon Mobil's earnings came in at more than $10.3 billion.

Earnings per share of $1.65 topped analyst expectations.