[Marxism] Re: Exxon crimes

lshan at bcn.net lshan at bcn.net
Thu Mar 25 07:36:05 MST 2004

Exxon Mobil 4Q profit up 63%

Irving-based Exxon Mobil Corp. said its quarterly profit jumped 63 percent,
helped by a tax settlement gain and higher prices for crude oil and natural
gas, while annual earnings for 2003 rose to a record high.
For the fourth quarter, the oil company posted net income of $6.65 billion,
or $1.01 per share, compared with $4.09 billion, or 60 cents per share, a
year ago. 

The recent results included a $2.23 billion gain from the settlement of a
tax dispute with the Internal Revenue Service. Excluding the gain and other
one-time items for both quarters, Exxon Mobil's earnings rose 17 percent to
$4.42 billion, or 68 cents per share, from $3.79 billion, or 56 cents per
share, in the year-ago quarter.

The company topped Wall Street's estimates, which had called for a per-share
profit of 58 cents, according to a Thomson First Call analysts poll.

Revenue increased 17 percent to $65.95 billion from $56.22 billion in the
2002 fourth quarter.

For all of 2003, Exxon Mobil reported a record $21.51 billion, or $3.23 per
share, profit. In 2002, the company earned $11.46 billion, or $1.68 per

Excluding one-time items, Exxon Mobil had net income of $17.03 billion, or
$2.56 per share, for 2003, compared with $11.5 billion, or $1.69 per share,
for 2002. Revenue rose to $246.74 billion in 2003 from $204.51 billion in
2002, the company said.

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