CNBC reporting XOM beats expectations by fairly wide mark: $1.85 vs $1.63. Revenues $105.2 billion vs $99.112 billion.
Profits up 53 percent. Best quarter since 3Q08.
Although most of us see natural gas stuck at low prices, talking heads on CNBC today (January 31, 2011) are suggesting that "we" could see moves in the price of natural gas (up) and that XOM's purchase of XTO may have been very "prescient" -- their word, not mine.
Meanwhile, other news in the sector, Brent oil breaks through $100 and WTI oil approaches $92 again.
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