Daily Pulse

Happy days for Exxon Mobil

David Brancaccio Oct 27, 2011

Happy days are here again, if you are the oil company Exxon Mobil. Our Marketplace Daily Pulse was quickened today after Exxon said it earned $10.33 billion in the last quarter.

That’s $112 million of profits a day. That’s up from $7.3 billion in the same quarter last year. No surprise, Exxon shares were up today.

And the market is thinking the world will need even more oil, given the fresh economic growth figure out today in the U.S. The price of crude went up 4 percent today. If you are not an oil company but pay at the pump, your celebration may be more muted.

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