Author Topic: Exxon Breaks Its Record Quarterly Profit  (Read 496 times)

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Offline Shlomo

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Exxon Breaks Its Record Quarterly Profit
« on: November 02, 2008, 02:20:13 PM »
Big surprise here. I remember when Chaim predicted that the gas prices would drop right before the elections.

Yet Again, Exxon Breaks Its Record Quarterly Profit
Oil Prices Push Income to $14.83 Billion
http://www.washingtonpost.com/wp-dyn/content/article/2008/10/30/AR2008103001401.html?hpid=sec-business
By Steven Mufson Washington Post Staff Writer Friday, October 31, 2008
   
Oil is well off its July peak, so profits at oil firms will probably be lower in the current quarter and the year ahead. (By Don Ryan -- Associated Press)

Exxon Mobil smashed its own U.S. record for quarterly profits yesterday, ringing up $14.83 billion in net income thanks to soaring summertime crude oil prices.
"In the final analysis, for the believer there are no questions, and for the non-believer there are no answers." -Chofetz Chaim