Thursday, October 26, 2006

The Bad Timing Award

The Wall St. Journal has an editorial today under the title Not So Big Oil (subscription required) claiming that oil company profits are "under pressure" due to the falling price of oil.

In other news, Exxon Mobil announced third quarter profits of $10.49 billion today. That's the second largest quarterly profit figure for any publicly traded American company in history. The largest profit was recorded by Exxon Mobil in the fourth quarter of 2005.
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