ExxonMobil Posts Largest Corporate Profit in U.S. history

[marmar]

Gee, you'd think they had enablers in the White House or something. - OP's extra


from AP, via Yahoo:

Exxon Mobil reports $39.5B annual profit 27 minutes ago



NEW YORK - Oil giant Exxon Mobil Corp. on Thursday posted the largest annual profit by a U.S. company — $39.5 billion — even as earnings for the last quarter of 2006 declined 4 percent.

The 2006 profit topped the previous record of $36.13 billion which Exxon set in 2005.

Revenue at the world's largest publicly traded oil company rose to $377.64 billion for the year, surpassing the record $370.68 billion that Exxon posted in 2005.

Exxon Mobil's record annual earnings followed a year of extraordinarily high energy prices as crude oil topped $78 a barrel in the summer — driving up average gasoline prices in the United States to more than $3 a gallon. Prices retreated later in the year.

The fourth-quarter decline reflects lower profits from Exxon's refining and marketing segment and a sharp dropoff in natural gas prices.

.......(more at)http://news.yahoo.com/s/ap/20070201/ap_on_bi_ge/earns_exxon_mobil

[bryant69]

1. Are you implying that our nationas corporations can't screw us without the

President's help? I have great faith in our American economy - and in American Corporations that drive that economy. When it comes to screwing over or stepping on the little guy, our economy is second to none!

Bryant
Check it out --> http://politicalcomment.blogspot.com

[Dhalgren]

2. And this at the same time that Chavez is giving away free heating

oil to those in need. Viva Chavez!

[Ezlivin]

3. And after secretly funding anti-science groups

Now we see how things are managed in the "Land of the free, home of the brave."