Exxon Mobil Sets Record (in Profits) Again

[Kat45]

<By any measure, Exxon Mobil’s performance last year was a blowout.

The company reported Friday that it beat its own record for the highest profits ever recorded by any company, with net income rising 3 percent to $40.6 billion, thanks to surging oil prices. The company’s sales, more than $404 billion, exceeded the gross domestic product of 120 countries.

Exxon Mobil earned more than $1,287 of profit for every second of 2007.>

http://www.nytimes.com/2008/02/01/business/01cnd-exxon.html?_r=1&oref=slogin


Earning PROFIT of $1,287 per second??!!
Now why was it that oil companies were given tax breaks?

[rfranklin]

1. Time for chargebacks...

they owe the U.S. taxpayers trillions for military cover provided while they raped the rest of the world.

[doc03]

2. Wow! My stock should go up. n/t

[ladjf]

3. It's really hard to make a profit now days with the recession and

all. We need to give the oil companies some additional subsidies to help them get by during these hard times.