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Congrats Exxon-Mobil

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Cocoa Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-31-06 09:43 PM
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Congrats Exxon-Mobil
http://abcnews.go.com/Business/story?id=1558860

Jan. 31, 2006 — The numbers are almost incomprehensible. ExxonMobil reported today that it made profits of more than $36 billion for the year, $10.7 billion of that in the final 92 days of 2005.

That means that during the waning three months of 2005 Exxon was raking in more than $115 million in profits a day. It's a pace that has never been realized by an American company at any time in history.

This astronomical daily take was due, in large part, to the high price of oil. A barrel of crude averaged more than $60 during the fourth quarter, 115 percent higher than the average price of a barrel during the past decade.

A couple of other stunning statistics put the company's record quarter into broader persepective:

ExxonMobil's profit for the year is bigger than the economies of 125 of the 184 countries ranked by the World Bank.

If ExxonMobil was a country and the final 92 days of 2005 were its total output for the year (a gross domestic product of $100 billion), it would be the 41st largest economy in the world.

more...

:toast:
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