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Exxon Mobil posts record profits... Again
news.yahoo.com — Exxon Mobil Corp. on Friday posted the largest annual profit by a U.S. company, $40.6 billion, as the world's largest publicly traded oil company benefited from historic crude prices at year's end. They should make a bid to buy Yahoo! Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for Q4 '07.
AshScholl- 40 diggs
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- doublehead, on 02/01/2008, -0/+5Let's see how well they do after Bush is gone.
- mrgreenjeans, on 02/01/2008, -0/+1Different president, same *****.
- manfmnantucket, on 02/01/2008, -0/+5The top 2 oil companies make about $60B profits/year!
A excuse cited is oil source prices were up.
In a free market, that creates pressure on profit margins - not inflated profits!
Yet these oil companies are still heavily subsidized!
Iraq costs us taxpayers almost $100B/year -- plus we pay to keep Exxon on welfare!
Let Exxon pay for the war! Establish a NON-PROFIT OIL REFINERY!
Comments? - annuaki, on 02/01/2008, -0/+6It's good to know that greedy oil barons are still profiteering from our suffering at the pump.
- srodolff, on 02/01/2008, -0/+5"The cost of gasoline is high because we like record prof.......cough cough.....the price of oil is so high."
- chase001, on 02/02/2008, -0/+1Hail to the Petroleum President.
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