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Published by Roger Snyder
Oct
30
[From: The Seattle Times ]
By Jerry Hirsch
Los Angeles Times
More than a billion dollars a day, $45 million an hour, almost $340 for every living American — that’s what Exxon Mobil reported in third-quarter revenue Thursday.
For the oil giant, that translated to $9.9 billion in net income.
The financial results drew outrage from politicians and consumer advocates who are suspicious of historically high U.S. gasoline prices.
Others, however, said the company was simply following the rules of free enterprise and reaping a bounty for high-risk investments in oil exploration in often politically unstable regions of the world.
Read more on Exxon’s quarterly revenue equals $45 million an hour at The Seattle Times.
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