Exxon Sets New Profit Record

The fact that Exxon just broke its own profit record in these dire financial times is a noteworthy achievement.  Given where oil was trading throughout 2008 one would expect the oil companies to have locked in a solid profit, considering that their fixed costs probably wouldn’t have really increased significantly from the previous year.  However, not only did Exxon break its own profit record, it broke the profit records of all companies.  Ever.   Throughout history.  $45.2B in profit!  That’s a lot of coin…  It’s also interesting that the UK’s Times hasn’t quite grasped how to spell “Mobil” correctly (see below).  (For the entire article click the image screenshot below.)