ExxonMobil: Poised for a New High

Thanks to high gas prices, the oil giant is expected to beat its own record for the best quarter ever. How long will the profit party last?

ExxonMobil (XOM), the world's largest integrated oil company, may draw the ire of consumers as they pay more at the pump, but quarter after quarter it continues to please shareholders. Having profited richly as gas prices reached historic peaks this spring, the company is expected to announce its most profitable quarter ever when it reports earnings on July 26.

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