Making money hand over fist. Every drop in your collective tank, folks, is another house in the Hamptons for some lucky job creator. WSJ (my emphasis):
Exxon Mobil Corp.'s (XOM) second-quarter profits jumped a lower-than-expected 41% as the company became the latest oil giant to benefit from high oil prices and improved refining and marketing results.Exxon's Q2 profit computes out to $1,300 per second, according to Shannyn Moore. Whew.
Exxon on Thursday reported a profit of $10.68 billion, or $2.18 a share, up from $7.56 billion, or $1.61 a share, a year earlier. ... Revenue climbed 33.5% to $125.5 billion. Analysts were expecting revenue of $121.39 billion.
Exxon Mobil's shares were recently trading 1.8% down at $81.78. The stock is up 34% in the past year.
Exxon, the world's largest publicly traded oil company by market value, joined rivals ConocoPhillips (COP), BP PLC (BP, BP.LN) and Royal Dutch Shell (RDSA, RDSB, RDSA.LN, RDSB.LN) on reporting skyrocketing profits that echoed the record earnings oil companies posted before the financial collapse in 2008, when oil traded above $147 per barrel.
My Q2 profit is lower than expected as well, but I have only myself to blame — I haven't created one job in Asia in the last three months.
GP
