Friday, February 02, 2007

The price of gasoline


Think its too high? You might well be right.
Oil giant Exxon Mobil topped its own record for the biggest annual profit by a U.S. company last year, racking up earnings that amounted to $4.5 million an hour for the world's largest publicly traded oil company.

Yes you read that right, earnings of $4.5 million an hour!
It reported the record net income - $39.5 billion - despite a 4 percent drop in earnings in the final three months of 2006, as prices for oil and natural gas fell from extraordinary levels earlier in the year.

(read more)

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