The Failed Pacifist

Exxon: Largest. Profit. Evar.

Exxon Mobil Corp. has posted the largest annual profit ever reported by a U.S. company: $39.5 billion on revenue of over $377 billion. Remember that the next time an oil executive exclaims that the high price of oil is merely to offset the high-cost of exploration. Oh, and it's not a one-year quirk either.

The 2006 profit topped the previous record, also by Exxon Mobil, of $36.13 billion set in 2005. The record earnings amounted to roughly $4.5 million an hour for the world's largest publicly traded oil company, which produces about 3 percent of the world's oil.

via HuffPo

posted by Doran @ 4:01 PM