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Lawrence Journal World in Lawrence, Kansas

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Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Apr 28, 2006

Page

4

Exxon Mobil reports record profit amid rising outcry

Exxon Mobil Corp. posted an $8.4 billion first quarter profit, a 7 percent gain, as oil prices stayed high and fuel costs climbed. Revenue rose to $89 billion with a 5 percent output uptick driven by projects in Africa and the Middle East. Critics in Congress push for new taxes and consumer relief while the Bush administration seeks higher fuel economy standards.

Dallas Exxon Mobil Corp Irving Bush Administration Congress ExxonMobil Thomson Financial Exxon Mobil Africa Middle East Fadel Gheit Oppenheimer & Co Wall Street Henry Hubble AAA Lee Raymond Gheit

Congress Scrambles Over Gas Price Relief Proposals

Congress and economists clash over ways to ease high fuel costs as House Republicans block new oil company taxes while Senate Republicans push a $100 rebate plan and lawmakers debate a temporary suspend of the 18.4 cent gas tax. Senate leaders vow a vote as Bernanke cautions on short term impact.

Washington House Senate Federal Reserve Ben Bernanke Sen Charles Grassley Towa Democratic Harry Reid Nevada Republicans Senate Finance Committee Bill Frist R-Tenn

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