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What Company Earns $1500 Every Second?

Exxon Mobil has once again reported the largest quarterly profit in U.S. history. In the second quarter of 2008, it posted a net income of $11.68 billion on revenue of $138 billion in the second quarter. That’s a profit of $1,485.55 a second.

The previous corporate record was $11.66 billion, also set by Exxon in the fourth quarter of 2007.

As an oil producer, the company makes a lot of money when crude prices rise. Exxon made $10 billion from selling oil in the latest quarter, up nearly 70 percent.



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Article's Comment     ( 36 Comments )
 
 
 +10 Points           
 
Author of the Article
BY _No_Name_   
  
[ Joined on 04/08 ]
[ Posted on August 06, 2008 ]
Post Reply
Funny how the government takes most of their revenue yet none of the sheep cry about that. The oil companies make 9 cents a gallon profit and the consumer has to pay around 60 cents per gallon, not to mention the corporate taxes that have been passed to the consumer.
 

 +5 Points           
 
Author of the Article
BY JWRM42   
  
[ Joined on 02/07 ]
Author of the Article [ Posted on August 07, 2008 ]
 
What company earns many times that every second? The Government! Stealing from us all, lying blindly into our faces. Devising false pretences to steal your money and land. Giving our precious wealth to third-world countries. But why? Why must you be poisoning our children with faulty vaccinations, only to line your own pockets with filth-ridden paper?

42

Sorry that got a tad off topic. It was just what was going through my head.

Also, _No_Name_, I do notice that when you comment the truth you get negative points, when  your statements are very truthful. Strange.

 +4 Points           
 
Author of the Article
BY limelemon   
  
[ Joined on 05/07 ]
Author of the Article [ Posted on August 06, 2008 ]
 
I agree.  There is nothing wrong and everything right with capitalism, as long as government stays the hell out of it, and as long as there are free markets.

 +3 Points           
 
Author of the Article
BY _No_Name_   
  
[ Joined on 04/08 ]
Author of the Article [ Posted on August 06, 2008 ]
 
See what happens limelemon? You deliver the truth and you get negative points. The sheep don't like to be told how wrong they are. Even when presented with facts, they still believe in lies.

 +2 Points           
 
Author of the Article
BY BobbyLee   
  
[ Joined on 06/06 ]
Author of the Article [ Posted on August 07, 2008 ]
 
Truth is truth. Government is force.  It is not compassion.  Taking from one without permission to give to another is called theft if it's not the government. Oh, but if it's the government, then it's supposedly compassion. 

Theft by any other name is still theft. 

Papa Lee


 
 +7 Points           
 
Author of the Article
BY BeeGirl   
  
[ Joined on 04/08 ]
[ Posted on August 06, 2008 ]