Exxon Mobil makes more than $10 billion

[spindrifter]

By Steve Hargreaves, CNNMoney.com staff writer
July 27 2006: 4:27 PM EDT


NEW YORK (CNNMoney.com) -- Profits at Exxon Mobil surged 36 percent to a near record $10.4 billion in the second quarter as surging oil prices helped the world's largest publicly traded company soundly beat Wall Street forecasts.

The company's profit - which amounts to a cool $1,318 a second - is the second biggest ever reported by a U.S. company, behind only the $10.7 billion Exxon itself earned in the fourth quarter of 2005.

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The $1,318 a second would buy enough gasoline, even at the current $3 a gallon national average, to drive a Hummer H3 between Los Angeles and New York three times.

One analyst said Exxon's record fourth-quarter earnings in 2005 included a $400 million tax charge that analysts were not including as part of that quarter's profit.

<snip>

http://money.cnn.com/2006/07/27/news/companies/exxon/index.htm?cnn=yes

[SammyWinstonJack]

1. No price gouging going on! No, not at all!

:banghead: :grr: What crap this is! $400 million tax charge....:rofl: as if they paid any taxes and even so, :wtf: is $400 million compared to 10 billion profit? Am I missing something here? :shrug:

[LuckyLib]

2. Ain't it a bitch? Let's hope that Americans take their anger

to the voting booth in November and do a clean sweep of that mealy-mouthed Congress. The Dems need to make sure to link Repugs with the oil companies at every turn. It won't be difficult.

[JHH]

3. "world's largest publicly traded company"

the key word been "Publicly" with a market cap of over 400 billion there are a lot of pension funds and personal IRS's invested in the company.In most of the world gas prices have been over $5 a gallon for years and you do not see many gas guising Hummers etc. except in America. Until Americans start using more fuel efficient cars nothing will change.