as we commemorate the sacrifices of the 2000 U.S. soldiers in Iraq, the following business news is released:
U.S. Energy Companies Report Record Quarterly Profits
U.S. energy companies are reporting record quarterly earnings this week. Exxon Mobil has reported a third-quarter profit of $9.92 billion -- the largest quarterly total ever for a U.S. company. The Los Angeles Times notes the figure amounts to more than what Coca-Cola Co., Intel Corp. and Time Warner Inc. earn in an entire year. Third-quarter profits at ConocoPhillips, the country's third-largest oil company, are up 89 percent. Together, the 29 major oil and gas firms are expected to earn $96 billion this year, up from $68 billion last year.
1 comment:
Yeah only in the USA. I was reading what worwi.com had to say about Exxon and other oil companies and this person had some interesting thoughts about going against the oil companies like everyone goes against tobacco.
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