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Exxon Mobile Sets New Profit Record For Publicly Traded Companies

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posted on Oct, 26 2006 @ 07:21 AM
This is a news alert on CNN. More To Follow: Exxon Mobil says its profit rose to $10.49 billion in the third quarter, making it the second largest quarterly profit ever for a publicly traded U.S. company, The Associated Press reports.
ExxonMobil, the world's largest publicly traded oil company and its biggest corporation by revenue, reported the second largest profit ever Thursday.

Exxon said it made $10.5 billion in the third quarter, or $1.77 per share on revenue of $99.6 billion. It was a 26 percent increase in earnings for the company.

Exxon's earnings did not top its best quarter ever, which came at the end of 2005. Exxon made $10.7 billion in the fourth quarter of 2005, the most ever for any U.S. corporation.

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I can't beleive this, actually I can, but that doesn't make it right. I understand that the prices have been up recently and such, but how can they get away with this? Doesn't anyone really care, isn't there anything we can do to get the prices down?

[edit on 26-10-2006 by elevatedone]


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