Thursday, January 5, 2012

Exxon Mobil just posted their profits for the 2007 year as well as the final quarter of 2007.?

for the final 3 months of 2007 they recorded a NET profit of 11.7 BILLION dollars.for the 2007 year they recorded a net profit of 40.6 BILLION dollars.Someone please explain how a company can have so much NET profit and say they are NOT price gouging the American public?i am truly interested in hearing intelligent answers.if the price of oil is 95 dollars a barrel and mobil is acually paying that amount how can a company really make so much NET profit ?i can see an honest corporation the size of exxon mobil making a net profit of 5-10 billion a year.please someone give me a synopsis of the economics of a 40+ billion dollar net profit?????thank-you

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