Corporate News

Corporate news affecting the convenience store industry

Reports 4Q net income of $10.71 billion

IRVING, Texas -- Exxon Mobil Corp. has reported fourth-quarter 2005 results. Earnings excluding special items were $10.32 billion ($1.65 per share), an increase of $1.9 billion (23%) from fourth-quarter 2004 and a record quarterly profit for a U.S. company. Fourth-quarter net income included a...

But little change downstream

SAN RAMON, Calif. -- Chevron Corp. has reported quarterly net income of $4.1 billion ($1.86 per share diluted) in fourth-quarter 2005, compared with $3.4 billion ($1.63 per share diluted) in the year-ago period. Earnings in the 2004 period included a special-item gain of $146 million (six cents per...

Announces record first-quarter financial results

SANFORD, N.C. -- The Pantry Inc. has reported total revenues for the first fiscal quarter ended Dec. 29, 2005, of approximately $1.3 billion, a 39.7% increase from last year's first quarter. Net income was $33 million, or $1.45 per share on a diluted basis, more than double net income a year ago of...

Reports fourth-quarter, full-year financials
Adds eight execs
Thompson named Chief Acquisitions Officer to implement business expansion strategy
Report 4Q, yearly financials
Terry L. McElroy, president of McLane Grocery Distribution, a unit of McLane Co. Inc., has been appointed as a director of The Pantry Inc.
Brings 20 years of experience to dispenser maker
Supervalu, CVS, others carve up supermarket/pharmacy chain