Where is All that Gas Money Going?

Exxon Mobil posts 44% jump in first-quarter profit
Exxon Mobil (XOM), the world's largest publicly traded oil company, said Thursday that first-quarter earnings soared 44% from last year, due mainly to strong crude and natural gas prices.
The company said it will boost its share repurchase rate by $1 billion in the second quarter.
Net income surged to $7.86 billion, or $1.22 a share, from $5.44 billion, or 83 cents, a year ago. Excluding a $460 million gain on the sale of Exxon's stake in China Petroleum and Chemical, the company earned $1.15 a share in the latest quarter.
Revenue climbed to $82.05 billion from $67.60 billion last year.

Shell Profit Beats All Forecasts
Royal Dutch/Shell comfortably beat analysts' forecasts to report a 28 percent rise in first-quarter profits on Thursday, helped by surging oil prices and strong refining margins.
Shell, the world's third-largest oil group, said it expected high oil prices to underpin its strong performance for the year ahead.

ConocoPhillips' profits shoot higher
ConocoPhillips, the nation's third-largest oil and gas company, said today that first-quarter earnings soared year-over-year on high oil prices, though they were partially offset by unplanned downtime in the company's exploration and production unit.
Net income jumped to $2.91 billion, or $4.10 per share, from $1.62 billion, or $2.33 per share, a year ago. Total revenue was $38.9 billion, up from $30.2 billion last year. [from DailyKos.com]