Oil Profits
January 1st, 2005 Ryan Jones
Exxon Mobil recently announced their 4th quarter profits.. Just shy of 10 Billion dollars.
For those of you keeping track that’s the largest 1-quarter profits ever by an American company. To put it in perspective: Bahrain (the home of Michael Jackson and leading oil supplier to Exxon Mobil) only has a Gross Domestic Product of 9 billion.
If you remember, the 4th quarter also included Hurricane Katrina, so called “gas shortages” and other problems that all resulted in $4.00 / gallon gas prices.
Of course, now that we see their profits for that quarter, these were all neccessary right?
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