Exxon

Exxon has made the highest ever quarterly profit by a US company. If anyone is a winner, it is Exxon, not the people having to pay the price of gas in America.

"Exxon Mobil made a profit of $14.83bn (£8.97bn) between July and September, smashing its own record for the highest quarterly profit by a US company."



According to the BBC: Another record profit for Exxon

In the second quarter this year, when oil prices were still rising, the oil giant made a profit of $11.68bn.

The new record represents a 58% rise on profits compared with the same period last year.

Profit for the first nine months of this year was $37.4bn, up 29% on the same period last year.

The $1.6bn sale of a natural gas transportation business in Germany helped boost profits.

Meanwhile, because of his gas prices, Americans are struggling to pay the cost of gas...

Rex W Tillerson, chief executive of the company, said: "Exxon Mobil's strong results demonstrate the continued success of our disciplined business approach."

I bet the increase of profit has more to do with them raising the cost of gas to over $4 a gallon, which is probably what they refer to by "disciplined business approach."

It comes as no surprise Exxon is making record profits, the highest corporate quarterly profits in history, at a time when America are paying more than ever at the pump. When families are spending more than $100 per week just to get to and from work, yeah, Exxon is doing well...