Exxon Mobil Goosecreature Ampersand Spong Whapcaplet Looseliver Vendetta and Prang posted profits of $36.13 billion for 2005 — or a mere $10.71 billion for the fourth quarter — the largest annual reported net income in US history. According to the company, high oil and gas prices and demand for refined products led to the historic profits. The results took Wall Street expectations out to the shed behind the house and beat them with a Louisville Slugger for the entire afternoon. [Thanks to Zerin for the tip.]
Exxon Mobil posts record profit of $10.7 billion [MSNBC]
Related:
Greenspan Calls Energy Prices A Drag, Still, Crude Prices Fall [internal]