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Will Exxon set another quarterly record with its Q3 net profit?

Settled as Yes

A new quarterly record was set by Exxon for it's 3rd Quarter net profit:

"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.
The company's prior record was $11.68 billion in the second quarter of 2008."
http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes

Background:

Though there are significant factors acting against the company, including the falling price of oil, it set a record for single-quarter net profit in Q2 of 2008. Will it be able to beat that mark this quarter?

Market suspends at the close of Wall Street on the day of the announcement.


Settlement details: As reported by a major mainstream news source.

 
Forecast history, %
   Zoom in

Settled

Yes
24%
No
76%
Activity: H$15,877
Settled as Yes on Sat 1st Nov 5:17am PDT

Suspend date: Mon 27th Oct 1pm PDT Settlement date: Sat 1st Nov 5:17am PDTPrediction cut-off: Predictions on this question after Mon 27th Oct 1pm PDT have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 33%

Action history:

Created Fri 15th Aug 12pm PDT by pixelpaws
Suspended Mon 27th Oct 1pm PDT : Suspend date reached
Settlement requested Thu 30th Oct 6:35am PDT by oppugner: Settle as yes
http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes
Settled as 'Yes' Sat 1st Nov 5:17am PDT by bayoubear[Admin]: A new quarterly record was set by Exxon for it's 3rd Quarter net profit:

"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.
The company's prior record was $11.68 billion in the second quarter of 2008."
http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes

Suspend date: Mon 27th Oct 1pm PDT Settlement date: Sat 1st Nov 5:17am PDTPrediction cut-off: Predictions on this question after Mon 27th Oct 1pm PDT have been voided because they were made after the question could be settled
more info...

 

Predictions (27)

27 predictions

5 weeks ago
oppugner predicted Yes (H$250 at 23%)
6 weeks ago
snem predicted No (H$100 at 73%)
8 weeks ago
hershman predicted Yes (H$10 at 27%)
8 weeks ago
pixelpaws predicted No (H$250 at 73%)
9 weeks ago
jpkoester1 predicted No (H$20 at 73%)
more

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