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WEDNESDAY, NOVEMBER 25, 2009
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 EARNINGS 
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Exxon Reports Best Quarter in History; Misses Estimates

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(Newser) – ExxonMobil reported the biggest quarterly profit in US history today, earning $11.68 billion or $2.22 a share as revenues rose 40% over the previous year. But those stratospheric numbers fell short of Wall Street’s estimates; analysts had expected crude prices, which have doubled over the past year, to power Exxon to a $2.52 per-share haul, and the company's stock fell in early trading. The figure topped Exxon’s own $11.66 billion record, posted in the fourth quarter of last year.

Hoses connected to a gasoline tanker truck deliver fuel to an Exxon station in Little Rock, Ark., Monday, June 16, 2008.
Hoses connected to a gasoline tanker truck deliver fuel to an Exxon station in Little Rock, Ark., Monday, June 16, 2008.   (AP Photo/Danny Johnston)
In this May 1, 2008, file photo, a customer pumps gas at an Exxon station in Middleton, Mass.
In this May 1, 2008, file photo, a customer pumps gas at an Exxon station in Middleton, Mass.   (AP Photo/Lisa Poole, File)
A full-size GMC pickup passes a Chevrolet Yukon SUV at an Exxon station in Santa Monica, Calif., Friday, June 27, 2008.
A full-size GMC pickup passes a Chevrolet Yukon SUV at an Exxon station in Santa Monica, Calif., Friday, June 27, 2008.   (AP Photo/Reed Saxon)
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