Looks like Exxon will rake in $40bil in profits for the year while our gas prices continue to go up! This is highway robbery already!
DALLAS - Oil industry behemoth Exxon Mobil Corp. said Thursday its third-quarter earnings rose to $10.49 billion, the second-largest quarterly profit ever recorded by a publicly traded U.S. company.
The report comes as high crude prices this year have fueled record profits in the oil industry, triggering an outcry from consumers who were being asked to pay about $3 a gallon for gasoline in early August.
The largest quarterly profit ever was Exxon Mobil's $10.71 billion profit in the fourth quarter of 2005.
They may beat that next quarter, said Howard Silverblatt Standard & Poor's Senior Index Analyst. "Then in all likelihood they will be at that $40 billion mark for the year."
Fuck it.
(photo by FTV Cash!)