| As of Friday, November 20th: |
LATEST EARNINGS RESULTS
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MOST SHARED
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- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Wave of Debt Payments Facing US Government
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Exxon Mobil said Friday record oil prices boosted its fourth-quarter earnings to $11.66 billion, the highest ever operating profit by a U.S. company.
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Robert F. Bukaty / AP |
Shares of the world's largest non-government-controlled oil company rose 1.7 percent in before-the-bell trading as the results beat Wall Street forecasts.
Net income rose nearly 14 percent from the year-earlier of $10.25 billion.
Earnings per share rose to $2.13 from $1.76 last year.
Analysts, on average, were expecting earnings of $1.98 per share.
"They performed across the board, upstream, downstream, U.S. and foreign," said James Halloran, who helps manage about $35 billion at National City Private Client Group.
Revenue in the quarter rose to $116.64 billion from $90.03 billion in 2006.
Oil prices averaged more than $90 a barrel during the quarter and nearly hit $100 due to tight supplies, geopolitical risks and the weak dollar. They averaged just over $60 a barrel in the same period a year earlier.
Profit margins from refining were relatively weak in the quarter as gasoline prices failed to keep pace with oil prices that soared to record levels.
Since the beginning of last year, shares of Exxon [XOM
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] are up about 13 percent, underperforming the Chicago Board Options Exchange's oil index, which is up about 21 percent.
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- Horton Results Miss Estimates, Shares Drop
D.R. Horton, the No. 2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down nearly 7 percent even though it also said orders increased.
- Dell Shares Smacked as Earnings, Sales Miss Forecasts
The computer maker reported financial results that were worse than last year and also fell short of Wall Street expectations, punishing the company's shares.
- Gap Reports Earnings in Line With Forecasts
Gap posted a profit that matched forecasts Thursday, though the retailer edged Wall Street's sales expectations.
- Horton Results Miss Estimates, Shares Drop
- Intuit Posts Narrower-Than-Expected Loss
Intuit, maker of QuickBooks accounting software, posted a narrower-than-expected quarterly loss on tight cost controls, though it issued a profit outlook below Wall Street projections.
- Intuit Posts Narrower-Than-Expected Loss
- Sears Posts Second Consecutive Quarterly Loss
- BJ's Wholesale Profit Falls, Hurt by Falling Food Prices
- Salesforce Profit Beats Forecasts, but Shares Fall
- Autodesk Shares Fall on Disappointing Outlook
- Home Depot Profit Beats; Says Markets Under Pressure
- Target Third Quarter Profit Up, Cautious on Fourth
- Weak US Housing Market Drags on Lowe's Profit
- JC Penney Profit Falls, but Shares Up on Forecast
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- Wal-Mart Holiday Forecast Light, Profit Beats
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- Vivendi Profit Up More Than 5%, Keeps 2009 Goals
- Cost Cuts Help BT to Raise Full-Year Guidance
- Applied Materials Profit, Sales Top Wall Street Forecasts
Data is a real-time snapshot *Data is delayed at least 15 minutes