Wow. Seriously, I don't understand much about business and I would like to understand why they're making so much money but the high prices aren't blamed on their proffiteering.
|DALLAS - Exxon Mobil Corp. said Thursday it earned $10.36 billion in the second quarter, the second largest quarterly profit ever recorded by a publicly traded U.S. company.|
The earnings figure was 36 percent above the profit it reported a year ago. High oil prices helped boost the company's revenue by 12 percent to a level just short of a quarterly record. Its shares rose to a new high in morning trading.