Thursday, October 27, 2011

Credit Talk USA LIVE - Exxon Mobil profit soars 41%

http://money.cnn.com/2011/10/27/news/companies/exxon_mobil/index.htm?iid=HP_River






Today, Exxon's profits are on track to do even better in the fourth quarter, since oil prices have increased more than 13% over the last month.
Oil prices have been volatile, dropping precipitously during the summer. But over the last year, prices have managed an increase of 13%, largely because of increases in October and September.

Exxon's strong performance was still well below its profit of $14.83 billion in the third quarter of 2008. That's a corporate record for quarterly profits

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