Exxon Sets Record on Annual Profits

Good thing Exxon is getting lots of tax breaks, right? Look, we are all capitalists, of some degree, but there should be a limit to how much profit a corporation should get while still sucking off the governmental money teat/spigot. Exxon should buy Ford Motor while they're at it.


Exxon Sets Record on Annual Profits

The $39.5 billion profit topped the previous record for a U.S. company, which Exxon set in 2005.

Exxon Mobil reported a record annual profit on Thursday but a modest decline in fourth-quarter earnings because of falling oil and gas prices. Meanwhile, its competitor Royal Dutch Shell reported an unexpected rise in quarterly earnings, a sign that the industry is still going strong.


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This page contains a single entry by Seth A. published on February 1, 2007 12:13 PM.

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