Too bad all those people who are losing their jobs and homes won't be able to afford to put $100-a-barrel oil in their cars.
Exxon Mobil said Friday:
- Fourth-quarter earnings up to $11.66 billion, the highest ever operating profit by a U.S. company
- Shares rose 1.7 percent
- Net income rose nearly 14 percent from the year-earlier of $10.25 billion
- Earnings per share rose to $2.13 from $1.76 last year
- Chevron Corp posted an enormous profit in the quarter...it's net income rose to $4.88 billion, or $2.32 a share, from $3.77 billion, or $1.74 a share. Sales in the quarter rose to $59.9 billion from $46.24 billion last year. Chevron's earnings for its exploration and production segment rose 66 percent to $4.84 billion
- Royal Dutch Shell posted a $27.6 billion profit in 2007 -- the largest ever profit by a European company
"Exxon Mobil posted record profits at 11 billion dollars this quarter alone at a time when families are struggling ... to fill up their gas tanks," he told reporters in Los Angeles.