06-14-2008, 03:25 AM
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Observer
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Join Date: Jun 2008
Posts: 30
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Yeah, right and I've got a lakefront lot in China for you too
Quote:
Exxon profit soars, but misses forecasts
No. 1 U.S. oil company's profit and revenue miss estimates, even as it posts second-largest earnings total on record.
Last Updated: May 1, 2008: 3:31 PM EDT
NEW YORK (CNNMoney.com) -- Record oil prices netted Exxon Mobil a $10.89 billion profit in the first three months of the year, sharply higher than a year earlier but short of Wall Street estimates and below what was needed to set a new all-time profit record.
The profit was still enough to be the second-highest U.S. corporate profit on record, falling just short of the record $11.66 billion Exxon Mobil (XOM, Fortune 500) earned in the prior quarter. The profit in that quarter came to $1,385 a second, enough to buy nearly 382 gallons of gas at current prices.
http://money.cnn.com/2008/05/01/news...ion=2008050115
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__________________
Economic Left/Right: -3.62
Social Libertarian/Authoritarian: -3.74
But I think I'm a conservative.
A real one.
Preemptive war is the growing pains of Big Government.
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