Exxon Mobil posts highest profit ever
July 31, 2008 by Tisa Silver
Filed under Investing
Exxon Mobil has posted the largest quarterly profit ever for a corporation in the United States: $11.68 billion. The company held the previous record and this is beginning to sound like a broken record!
Exxon Mobil’s record earnings should come as no surprise, as they were mainly driven by record crude oil prices.
The second quarter results revealed that revenues were up 40 percent and profits were up 14 percent but, shares of oil company are trading down today because investors and analysts expected more.
If $11.68 billion is not enough, what is?
