Here Is A Happy Man...
Here is Exxon Mobil Corp. Chairman and CEO Lee Raymond laughing during a news conference. He has every reason to be happy. While all hell is breaking lose in the world's economy his company is posting record profits:
Exxon Mobil Corp. had a quarter for the record books. The world's largest publicly traded oil company said Thursday high oil and natural-gas prices helped its third-quarter profit surge almost 75 percent to $9.92 billion, the largest quarterly profit for a U.S. company ever, and it was the first to ring up more than $100 billion in quarterly sales.
In a file photo Exxon Mobil Corp. Chairman and CEO Lee Raymond laughs during a news conference in Dallas, Wednesday, May 25, 2005. Exxon Mobil Corp., the largest publicly traded oil company in the world, on Thursday, Oct. 27, 2005, said third-quarter profit surged, buoyed by higher crude-oil and natural-gas prices, even as the period's hurricanes hampered production. Revenue grew to $100.72 billion from $76.38 billion in the prior-year period. (AP Photo/Donna McWilliam)
Net income ballooned to $9.92 billion, or $1.58 per share, from $5.68 billion, or 88 cents per share, a year ago.
Exxon Mobil Posts New Record for Profit
Who said the Bushola is not an effective leader?
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