LeftLaneNews
Oil giant Exxon earned $8 billion in three months

Oil giant Exxon earned $8 billion in three months

Oil company Exxon Mobil reported Thursday the fifth highest quarterly profit for any public company in history -- $8 billion, according to the Associated Press. And the earnings would have been even higher if it wasn't for some expenses at its exploration and chemicals businesses. The earnings report comes amid consumer outrage over rising gas prices. Exxon also recently announced a $400 million retirement package for its chairman Lee Raymond. Recently, U.S. President Bush announced a probe into gas price gouging.