As reported in the Washington Post today, Exxon Mobil once again set another all time record for profits with $14.8 billion in net income in the third quarter.
So what else is new? It seems that every time Exxon Mobil announces it’s profits, it sets a new record. I’ve written about it before here and here. In 2005, it was a record at nearly $10 billion for one quarter. Three years later it’s increased by nearly 50%.
Everyone knows that the price of gas has gone through the roof over the last six months or so (and is now falling rapidly — thank goodness). What does it say about a company that achieved record profits during this difficult and expensive period for many folks?
