THE WALL STREET JOURNAL
OCTOBER 30, 2008
By SHIRLEEN DORMAN
Exxon Mobil Corp. reported a 58% increase in third-quarter net income, smashing its own record for quarterly profits, amid a $1.62 billion gain and high oil prices.
The world’s biggest nongovernmental oil company had net income of $14.83 billion, or $2.86 a share, up from $9.41 billion, or $1.70 a share, a year earlier.
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Excluding the gain from selling natural-gas operations in Germany and interest on the Valdez oil-spill damages, earnings came to $2.59 a share. Analysts polled by Thomson Reuters expected $2.38.
Revenue jumped 35% to $137.74 billion amid the price surge, but the figure fell just short of the second quarter’s record $138.07 billion.
Earnings at the company’s U.S. oil-and-gas production unit — the so-called upstream side of Exxon’s business — grew 74% despite a production drop of 8%.
Profits in the refining segment — the downstream business — rose 51%, with margins rebounding as crude-oil prices fell as the quarter progressed. Chemicals earnings fell 9.6% on lower volumes.
The company continued its ambitious stock repurchasing plan, spending $8.7 billion to reduce outstanding shares by 2.1% during the quarter.
Capital spending has also been surging, rising 26% during the quarter to $6.9 billion. The total for this year is projected to be $25 billion.
Write to Shirleen Dorman at [email protected]
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
