04-29-2011, 11:18 AM
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#53
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Master Dwellar
Join Date: Aug 2003
Posts: 4,197
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hang on IM, don't sit up straight yet!
from the NYT
Quote:
First-quarter profit rose to $4.55 billion, or $2.27 a share, from $1.84 billion, or 92 cents a share, a year earlier. Revenue rose 34 percent, to $46.7 billion.
Excluding $175 million in charges for job cuts, the company earned $2.36 a share, easily topping the $1.94 that analysts had expected, according to the average on Thomson Reuters.
The company’s downstream, or refining and marketing business, posted profits of $82 million in the quarter, down from $136 million a year earlier, but far better than the $333 million loss the previous quarter.
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