GEE, i WONDER WHERE ALL THE RiSiNG GAS PRiCE PROFiTS ARE GOiNG? EXXONMOBiL PROFiT GROWS 17% iN Q1
Thursday, May 1, 2008
, Posted by DJ Plan.B at 5/01/2008 12:15:00 PM
I am NO ECONOMIST, but, in an economy on the edge of, falling into, or already in a recession, at 17% profit is obscene, especially considering that profit amount is 10.9 BILLION dollars, the 2nd LARGEST quarterly profit in U.S. History. And check out the chart below to see who is in first, third, AND fourth. Notice ALL of them happend after 9/11, when gas prices stared rising.
ExxonMobil has the top four largest annual profits in U.S. history (in billions):
1. ExxonMobil
$40.6
2007
2. ExxonMobil
$39.5
2006
3. ExxonMobil
$36.1
2005
4. ExxonMobil
$25.3
2004
Source: Standard & Poor's, USA TODAY research
