BIG OIL: Exxon Mobil Corporation continues to break profit records with third quarter earnings of $14.83 billion

ExxonMobil reports the biggest quarterly U.S. profit ever. I wonder how much of those record profits were invested and will be invested into developing new energy technologies, into green energy, and updating the company’s energy distribution infrastructure. ExxonMobil broke its previous record amount of almost $12,000,000,000 in the second quarter to almost $15,000,000,000 in the third quarter. I like using zeros, because it puts things into perspective. From The Huffington Post:

Exxon Mobil Corp., the world’s largest publicly traded oil company, says it shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter. bolstered

Bolstered by this summer’s record crude prices, the Irving, Texas-based company said Thursday that net income jumped nearly 58 percent, or $2.86 a share in the July-September. That compares with $9.41 billion, or $1.70 a share, a year ago.

The previous record for U.S. corporate profit was set earlier this year, when Exxon Mobil earned $11.68 billion in the second quarter.

Revenue rose 35 percent to $137.7 billion.

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