October 30, 2008 09:11 AM Eastern Time
Exxon Mobil Corporation Announces Estimated Third Quarter 2008 Results
Exxon Mobil Corporation Announces Estimated Third Quarter 2008 Results
"ExxonMobil’s strong results in the third quarter of 2008 demonstrate the continued success of our disciplined business approach. Third quarter earnings excluding special items were a record $13,380 million, up 42% from the third quarter of 2007. Earnings per share excluding special items were up 52% reflecting the benefit of the share purchase program. Record net income for the third quarter of $14,830 million was up 58% from the third quarter of 2007. Net income included an after-tax special gain of $1,620 million from the sale of a natural gas transportation business in Germany and an after-tax special charge of $170 million reflecting a provision for interest related to the Valdez punitive damages award. Earnings for the first nine months of 2008 excluding special items were $36,240 million, an increase of 25% over the first nine months of 2007. Net income for the first nine months of 2008 was $37,400 million, up 29% versus 2007.
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