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COPYRIGHT 2005 The Dallas Morning News
Byline: Elizabeth Souder
Oct. 27--If you've been cursing big oil companies when you fill up at the gas pump these past few months, check your retirement portfolio.
Owners of oil company stakes -- even folks with a few shares in mutual funds -- hit the big one in the third quarter.
Two of the world's largest oil companies, ConocoPhillips and BP, already reported leaps in profit for the third quarter this week. Irving-based Exxon Mobil and Royal Dutch Shell are expected to report big profits on Thursday, and Chevron will chime in on Friday.
"They're clicking on all cylinders," said Fadel Gheit, an oil analyst with Oppenheimer in New York. "Exxon Mobil is going to have record earnings."
Profit for major oil and gas companies...
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