Sunday, October 29, 2006

Trick or Treat, Exxon is the company to beat!

The world's largest oil company Exxon, has reported its second best performance ever for its stock, reporting third quarter profits 10.49 BILLION DOLLARS.

The third quarter numbers are the second largest quarterly profits ever achieved by a publicly traded company.

And they aren't too terribly upset about only claiming number two, the number one spot went to Exxon back in 2005 with a fourth quarter profit of 10.71 BILLION dollars.

The increase in profits of Exxon come as the world's oil market prepares for an OPEC production slowdown, which combined with an uneasy world situation, could very well result in higher prices at the pump, which most likely will help Exxon try and eclipse their own record

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