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Exxon Mobil Posts Record Profit (Again)

By matt carter ⋅ October 30, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

Of course. We’re in the worst economic crisis since the Great Depression, but Exxon Mobil still pumps out the dough:

Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.

Exxon Mobil (XOM, Fortune 500), the leading U.S. oil company, said its third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier. That profit included $1.45 billion in special items.

The company’s prior record was $11.68 billion in the second quarter of 2008.

Tags: big oil, economic crisis, economy, exxon