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Net income was $9.9 Billion for the quarter, despite production dropping by 4.7%. Yep, we're all in this together all right. The $9.9 Billion is a new record quarter amount for Wall Street.
Exxon Mobil Corp. (NYSE:XOM - news) on Thursday posted a quarterly profit of $9.9 billion, its biggest ever and one of the largest in U.S. corporate history, as it raked in a bonanza from soaring oil and gas prices.
Record profits for Big Oil at a time when consumers are paying sky-high prices for gasoline have brought calls for a windfall profits tax or other penalties on oil companies. U.S. Senate Majority Leader Bill Frist on Tuesday called for hearings with oil companies on high energy costs.
The companies have been enjoying an unusually rosy environment for months.
http://news.google.com/news?hl=en&ned=us&q...tnG=Search+News
Exxon Mobil Corp. (NYSE:XOM - news) on Thursday posted a quarterly profit of $9.9 billion, its biggest ever and one of the largest in U.S. corporate history, as it raked in a bonanza from soaring oil and gas prices.
Record profits for Big Oil at a time when consumers are paying sky-high prices for gasoline have brought calls for a windfall profits tax or other penalties on oil companies. U.S. Senate Majority Leader Bill Frist on Tuesday called for hearings with oil companies on high energy costs.
The companies have been enjoying an unusually rosy environment for months.
http://news.google.com/news?hl=en&ned=us&q...tnG=Search+News
