Skip to content

Exxon, Shell Post Huge 1Q Profits on High Oil Prices

Click Here!

4/28/2011 10:00:00 AM

The world’s two largest oil companies Thursday reported multi-billion-dollar first-quarter profits, up from a year ago, on higher crude oil prices.

Exxon Mobil Corp.’s net income was $10.56 billion, or $2.14 per share, up from $6.3 billion, or $1.33.

It was the world’s largest oil company’s biggest profit since its record $14.83 billion in the third quarter of 2008. Revenue rose 26% to $114 billion.

Royal Dutch Shell earned $8.78 billion, up from $5.48 billion a year ago. Revenue rose 28% to $110 billion.

Shell credited the gains to higher oil prices, gains on asset sales and improvements in its refining operations, Bloomberg reported.

Click Here!

© 2010, Transport Topics Publishing Group. All rights reserved.


Letters: Trucking’s Real Cost, Soaring Fuel Prices, Mexican EOBRs (5/2/2011 8:00:00 AM)
March Truck Tonnage Rises 6.3% (5/2/2011 4:00:00 AM)
Diesel Average Dips 0.7¢ as Crude Oil Price Stalls (5/2/2011 3:45:00 AM)
UPS Profits Surge 66% in First Quarter (5/2/2011 2:30:00 AM)
Volvo Says Quarterly Earnings Rose 143% on Growing Demand for Trucks Worldwide (5/2/2011 1:30:00 AM)
Exxon, Shell Post Huge 1Q Profits on High Oil Prices (4/28/2011 10:00:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA