Exxon Mobil at $11.68B has biggest profit ever
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- bansheewail
- added this
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more from News and Politics:
http://rawstory.com/news/2008/Exxon_Mobil_has_biggest_profit_ever_073...
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 its 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.
Revenue rose 40 percent to $138.1 billion from $98.4 billion in the year-earlier quarter.
Excluding an aftertax charge of $290 million related to an Exxon Valdez court settlement, earnings amounted to $11.97 billion, or $2.27 per share.
Analyst on average expected Exxon Mobil to earn $2.52 a share on revenue of $144 billion, according to a survey by Thomson Financial. The estimates typically exclude one-time items.
Exxon shares fell more than 2 percent, or $1.88, to $82.50 in premarket trading
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- groups:
- News and Politics, Politics
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- tags:
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equalizer3
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hey when do we get paid the bastards
- 1 year ago
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equalizer3
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benjaminV
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PUBLIC ENEMY # 1. Find me a better example of evil, and I'll shut up.
- 1 year ago
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benjaminV
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MrBigShot21
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How about investing that profit for renewable source of energy?
- 1 year ago
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MrBigShot21
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GavinTheMother
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Ah poor oil companies always getting picked on. They are the real victims. Always getting taken advantage of by the little guys through their silly liberal beliefs in democracy and non-violent business practices.
- 1 year ago
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GavinTheMother
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Enjoy_Cannabis
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Enjoy_Cannabis
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bansheewail
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Supply and demand my ass!They had record profits and they were let off the hook on the clean-up and fines for the Valdez spill. This doesn't jive.
- 1 year ago
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bansheewail
