tag:blogger.com,1999:blog-56753193934585823252011-04-21T14:02:52.045-07:00Anonymousnoreply@blogger.comBlogger11100tag:blogger.com,1999:blog-5675319393458582325.post-46263683680486165212008-07-31T14:35:00.000-07:002008-08-01T05:54:06.294-07:00<strong><span style="font-family:arial;">World's largest publicly traded oil firm makes $1,485.55 a second in the quarter, but misses forecasts.</span></strong><br /><span style="font-family:arial;"></span><br /><span style="font-family:arial;font-size:78%;">By </span><a href="mailto:steve.hargreaves@turner.com"><span style="font-family:arial;font-size:78%;">Steve Hargreaves</span></a><span style="font-family:arial;font-size:78%;">, CNNMoney.com staff writer<br />Last Updated: July 31, 2008: 12:55 PM EDT</span><br /><span style="font-family:arial;"></span><br /><span style="font-family:arial;">NEW YORK (CNNMoney.com) -- Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.</span><br /><span style="font-family:arial;"><br />That profit works out to $1,485.55 a second.<br /><br />That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007.<br /><br />But Exxon (</span><a href="http://money.cnn.com/quote/quote.html?symb=XOM&amp;source=story_quote_link"><span style="font-family:arial;">XOM</span></a><span style="font-family:arial;">, </span><a href="http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/387.html?source=story_f500_link"><span style="font-family:arial;">Fortune 500</span></a><span style="font-family:arial;">) profit fell short of Wall Street estimates.</span><br /></span><span style="font-family:arial;"><br />Analysts predicted the company, the world's largest publicly traded oil firm, would make $12.1 billion in profit on $144.4 billion in revenue, according to Thomson Reuters.<br /><br />Exxon shares fell about 3% on the New York Stock Exchange.<br /><br />Excluding money set aside for a recent damage award related to the Valdez tanker spill back in 1989, Exxon made $11.97 billion in the quarter.</span><br /><span style="font-family:arial;">-----------------------------------------------------------------------------------------------</span><br /><span style="font-family:arial;"><strong>417 Blog:</strong> <em>Nearly $1,500 per second... My mind doesn't comprehend this number. All on the backs of hard working people like you and me.. Shame!</em><br /><br /></span><span style="font-family:arial;"><span style="font-size:85%;">(Note: This story is abbreviated on this blog. To see the entire story, please click on source link below)<br /><br />SOURCE: CNN/Money - </span><a href="http://money.cnn.com/2008/07/31/news/companies/exxon_profits/index.htm?cnn=yes"><span style="font-size:85%;">http://money.cnn.com/2008/07/31/news/companies/exxon_profits/index.htm?cnn=yes</span></a></span><span style="font-size:85%;"><br /><br /></span></span><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5675319393458582325-4626368368048616521?l=four1seven.blogspot.com' alt='' /></div>Anonymousnoreply@blogger.com0