[Vision2020] Marketwatch 4-25-11: "Exxon Mobil profit to rise on $100 oil"

[Ted Moffett]

Mega loads, mega profits...

http://www.marketwatch.com/story/exxon-mobil-profit-to-rise-on-100-oil-2011-04-25

Earnings Outlook

April 25, 2011, 1:43 p.m. EDT

Exxon Mobil profit to rise on $100 oil
Quarterly profit seen approaching $10 billion for first time since 2008

By Steve Gelsi, MarketWatch

NEW YORK (MarketWatch) -- Exxon Mobil Corp. will lead a strong
first-quarter earnings season for energy companies this week, with the
largest U.S.-based oil and gas producer’s balance sheet fueled by
$100-a-barrel oil.

The increase in Big Oil’s bottom line comes despite lower production
forecasts in the face of supply disruptions in Libya and elsewhere, as
well as output limits based on contractual agreements between oil
companies and state-run enterprises that own overseas oil and gas
fields.

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Vision2020 Post: Ted Moffett