You know those ridiculous gasoline prices that we are presently paying? You know... because of rising costs, hurricanes, and such?
Well, I'm here to tell you - consumers are DUMB.
IRVING, Texas - Exxon Mobil Corp. had a quarter for the record books. The world's largest publicly traded oil company said Thursday high oil and natural-gas prices helped its third-quarter profit surge almost 75 percent to $9.92 billion, the largest quarterly profit for a U.S. company ever, and it was the first to ring up more than $100 billion in quarterly sales.Net income ballooned to $9.92 billion, or $1.58 per share, from $5.68 billion, or 88 cents per share, a year ago.
Via Yahoo.
Net income for a three month period: 9.92 BILLION DOLLARS.
Billion. With a "B".
Hyperinflated profits make Baby Jesus cry.
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