Thanks to high oil and gas prices and demand for refined products, Exxon Mobil Corp. posted record profits for any U.S. company on Monday – $10.71 billion for the fourth quarter and $36.13 billion for the year.

Exxon’s profit for the year also was the largest annual reported net income in U.S. history, according to Howard Silverblatt, a stock market analyst for Standard & Poor’s. He said the previous high was Exxon’s $25.3 billion profit in 2004.

For the full year, net income surged to $5.71 per share from $3.89 per share in 2004. Annual revenue grew to $371 billion from $298.04 billion.