Exxon Sets Record for Profits: $14.83 Billion

Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.

Exxon Mobil (XOM, Fortune 500), the leading U.S. oil company, said its third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier. That profit included $1.45 billion in special items.

Exxon's prior record was $11.68 billion in the second quarter of 2008.The company said its revenue totaled $137.7 billion in the third quarter.

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My thoughts: Great for Exxon. The profit margin is only 9.74% which consider normal.