Barb’s Blog » News Items » EXXON BIGGEST PROFIT IN AMERICAN HISTORY
EXXON BIGGEST PROFIT IN AMERICAN HISTORY
Exxon Mobil Sees Record Profit for U.S. Co.
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 — as the world’s biggest publicly traded oil company benefited from high oil and gas prices and demand for refined products. The results exceeded Wall Street expectations and Exxon shares rose nearly 3 percent on premarket trading.
The company’s earnings amounted to $1.71 per share for the October-December quarter, up from $8.42 billion, or $1.30 per share, in the year ago quarter. The result topped the then-record quarterly profit of $9.92 billion Exxon posted in the third quarter of 2005.
Somehow, this is not a headline that thrills me. Perhaps thats because my trips to the gas station increasingly are a sad tale. Perhaps I’d be happier if I were a stockholder.
Filed under: News Items · Tags: exxon, profit
One Response to "EXXON BIGGEST PROFIT IN AMERICAN HISTORY"
Leave a Reply
Archives
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- September 2005
- August 2005
- July 2005
- June 2005
- May 2005
- April 2005
- March 2005
- February 2005
- January 2005
Here is a quote from the “New York Times” article on this…
“For instance, pharmaceutical companies earned 18.6 cents for each dollar of sales in the third quarter of 2005, and banks 18 cents, compared with 8.2 cents at oil and natural gas companies, said Mr. Boudreaux, the Exxon Mobil spokesman. ”
Go figure. Point the fingers at everyone else!
We the people need to change our ways. We can’t rely on the government to always do what is best for us.