# Exxon Mobil posts quarterly profit of $9.9 billion

- Link: https://greenlivingguy.com/2005/10/exxon-mobil-posts-quarterly-profit-of-9-9-billion/
- Published: 2005-10-27T21:03:00-04:00
- Author: greenlivingguy

What?!!!!! [Exxon Mobil](https://corporate.exxonmobil.com/News/Newsroom/News-releases)
posts quarterly profit of $9.9 billion!!!!

According to Deepa Babington from Reuters, on Oct 27th Exxon Mobil Corp. on Thursday
posted a quarterly profit of $9.9 billion, its biggest ever and one of the largest
in U.S. corporate history, as it raked in a bonanza from soaring oil and gas prices.

For the companies have been enjoying an unusually rosy environment for months. In
addition and in the third quarter, oil prices and refining margins rose sharply 
after Hurricanes Katrina and Rita.  I mean those that ripped through the Gulf of
Mexico.  Thereby disrupting energy operations in the region.

## For I mean Exxon Mobil Corporation.

The [one](https://en.wikipedia.org/wiki/ExxonMobil) stylized as ExxonMobil, is an
American [multinational](https://en.wikipedia.org/wiki/Multinational_corporation)
[oil and gas](https://en.wikipedia.org/wiki/List_of_oil_exploration_and_production_companies)
corporation headquartered in [Irving, Texas](https://en.wikipedia.org/wiki/Irving,_Texas).
It is the largest direct descendant of [John D. Rockefeller](https://en.wikipedia.org/wiki/John_D._Rockefeller)‘
s [Standard Oil](https://en.wikipedia.org/wiki/Standard_Oil),^([[3]](https://en.wikipedia.org/wiki/ExxonMobil#cite_note-exxonmobilhistory-3))
and was formed on November 30, 1999. All through the merger of [Exxon](https://en.wikipedia.org/wiki/Exxon)(
formerly the Standard Oil Company of New Jersey) and [Mobil](https://en.wikipedia.org/wiki/Mobil)(
formerly the Standard Oil Company of New York). Finally, ExxonMobil’s primary brands
are Exxon, Mobil, [Esso](https://en.wikipedia.org/wiki/Esso), and ExxonMobil Chemical.
^([[4]](https://en.wikipedia.org/wiki/ExxonMobil#cite_note-exxonmobilbrands-4)) 
Moreover, ExxonMobil is incorporated in New Jersey.^([5])

[One of the world’s largest companies by revenue](https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue),
ExxonMobil from 1996 to 2017 varied from the [first to sixth largest publicly traded company by market capitalization](https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization).
^([[6]](https://en.wikipedia.org/wiki/ExxonMobil#cite_note-6))^([[7]](https://en.wikipedia.org/wiki/ExxonMobil#cite_note-forbes2020-7))

⌊Exxonmobil Logocolor⌉⌊Exxonmobil Logocolor⌉

 

 

 

In conclusion and while Exxon’s quarterly profit was up 75 percent from a year earlier.
Yet revenue also rose 32 percent to more than $100 billion. So the results fell 
short of Wall Street forecasts due to production outages caused by the hurricanes
and sharply lower profit at the company’s chemicals division.

 

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 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
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