And I Was Worried They Weren’t Going To Make It
By JOHN PORRETTO
HOUSTON (AP) – Exxon Mobil Corp. (XOM) (XOM)
reported second-quarter earnings of $11.68 billion Thursday, the
biggest quarterly profit ever by any U.S. corporation, but the results
were well short of Wall Street expectations and its shares fell.
The world’s largest publicly traded oil company said net income for the
April-June period came to $2.22 a share, up from $10.26 billion, or
$1.83 a share, a year ago.
Revenue rose 40 percent to $138.1 billion from $98.4 billion in the year-earlier quarter.
Excluding an after-tax charge of $290 million related to an Exxon
Valdez court settlement, earnings amounted to $11.97 billion, or $2.27
per share.
My Way News – Exxon Mobil 2Q profit sets US record, shares fall.
Here’s a great summary statement from over at Dr. Jim West’s Blog:
Greed- it drives corporate America and it drives Wall Street.
Selfishness, self aggrandizement, self perpetuation, and eventually
self damnation; that’s what greed is all about.
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