Another financial quarter, another record-setting profit for the biggest of Big Oil companies, ExxonMobil: more than $10 billion. As Annie Strickler writes in today's Sierra Club RAW
That's a 36 percent increase and the second largest quarterly profit ever recorded by a publicly traded U.S. company. ExxonMobil's revenue rose 12 percent to $99 billion, marking the first time in history that a U.S. company exceeded $1 billion a day.
If you're the kind of person who likes to read the uncooked facts about environmental outrages of a political stripe, RAW
is a must-read:
So let me get this straight: Congress is logging an Oscar-worthy performance of acting like they have a clue about how to solve America's energy problems, Americans are paying record prices at the pump and getting a raw deal on energy policies, and by my calculations ExxonMobil is making about $26,000 every minute.
You can read Annie's entire piece, "ExxonMobil's 10 Billion Reasons to Party,"
and sign up for RAW
if you'd like more. RAW comes out once a week.