Two back-to-back quarters of recordbreaking profits for oil corporation Exxon.
I honestly don’t know whether to laugh, cry, or scream.
Exxon said net income jumped nearly 58 percent to $2.86 a share in the July-September period. That compares with $9.41 billion, or $1.70 a share, a year ago.
The previous record for U.S. corporate profit was set in the last quarter, when Exxon Mobil earned $11.68 billion.
Revenue rose 35 percent to $137.7 billion.
Their portfolio is diversified, one contributing factor towards their high profits was due to them finally paying off the Valdez cleanup costs, and any company that’s doing well in this economy…yay. Less of a drain on the system.
But at the same time…these folks really cheese me off. Two back-to-back quarters of recordbreakingly high profits? With gas prices as high as they were? Yeah, I’ll just bet they made good money.
(My new house has natural gas and radiant heat - so I’ll be giving these folks as little money as possible. But still…in which direction do I throw the rotten vegetables?)
Posted by Laughing Muse • 165 views • Share this link • Newer • Older
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