Exxon Breaks Record

In 2007, the Exxon-Mobil corporation posted a historical $40.6 billion dollars in profit. The figure is the largest annual take ever by any United States company. In the last three months of the year alone they posted a record breaking $11.7 billion. With oil prices hovering around $90 a barrel in those last three months, its easy to understand how such a record could be broken. An even more impressive fact is: the nations top three oil companies -Exxon , Chevron, and ConocoPhillips - together were making $10 million dollars and hour during the last three months of 2007. An even more depressing fact for car owners is, advisors don't see any decrease in the price of gas arriving any time soon.