Oil Profits Shatter Records

It’s nice to know that while you and I suffer with this economic change of events that the oil companies are raking in $12 billion a quarter.

HOUSTON — Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results fell well short of Wall Street expectations and shares fell in premarket trading.

The world’s largest publicly traded oil company said net income for the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a share, a year ago.

Oil Profits Shatter Records

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