Friday, August 01, 2008

I wondered where all that money was going


I Think I Found a Shortcut
Originally uploaded by jimheid.
It is certainly nice to know that as the American economy goes into the toilet, and fuel prices are flowing upward with every second (supposedly to cover costs), Exxon Mobil has posted record profits as announced earlier this week.

From John Porretto at the The Associated Press:
Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation . . . The world's largest publicly traded oil company said net income for the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a share, a year ago.
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Revenue rose 40 percent to $138.1 billion from $98.4 billion in the year-earlier quarter.

Excluding an after-tax charge of $290 million related to an Exxon Valdez court settlement, earnings amounted to $11.97 billion, or $2.27 per share.
I feel so good, let me tell you.

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