Friday, August 01, 2008

Like Shell, Exxon posts record $11.68 billion profit!!!


Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.

That profit works out to $1,485.55 a second. 

That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007.

"The fundamentals of our business remain strong," Henry Hubble, Exxon's vice president of investor relations, said on a conference call. "We continue to capture the benefit of strong industry conditions." More...

See also: Rising oil prices? Shell makes US$8bn profit in just one quarter!!!

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