Exxon Mobile 2Q Profits of $1,500.00 Per Second

Today Exxon Mobile recorded their 2nd quarter profits of $11.68 billion. This is lower than analysts’ predictions, but still managed to break the record for the largest quarterly profit for a U.S. company (previously set by Exxon Mobile).

This works out to $1,485.55 per second in profits, over $128 million per day. Yes - you’re reading that correctly - that’s $128 million in profit, not revenue, every day.

Who do they think they’re fooling when they blame high fuel costs on the speculators or production problems? Petroleum seems to be the only industry in the world where production problems equal higher profits. Look up the term ‘oligopoly.’