Another record
The filthy rich get filthier, at your expense.
Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company.Uh oh. That last part sounds like prices aren’t coming down anytime
Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, or $1.83 a share, last year.
Exxon -- the world's largest publicly traded company -- previously set the high-water mark for quarterly earnings in the fourth quarter of last year, when it brought in $11.66 billion.
Despite the new record, Exxon's results lagged behind analyst expectations.
So, how’d you do this quarter? Make anywhere near $128.4 million a day?
Labels: All About the Oil, Follow the Money, I Heart Corporations
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