No wonder he's laughing: ExxonMobil posts record profit
Cha-Ching! Exxon Mobil Corp. Chairman and CEO Lee Raymond laughs at you. (AP).
Your wallet may be lighter, but Exxon Mobil posts a new record for profit.
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.
Net income ballooned to $9.92 billion, or $1.58 per share, from $5.68 billion, or 88 cents per share, a year ago.