Friday, July 28, 2006

Is Exxon Worth $3.00 a Gallon?

Exxon reported a profit of $10.36 billion for the second three months of the year, or $1.72 per share, up from $7.64 billion, or $1.20 per share, a year ago. Analysts polled by Reuters Estimates forecast a second-quarter profit of $1.64 per share.

The earnings were shy of Exxon's own record quarterly profit of $10.71 billion in the fourth quarter of 2005.

Putting it into perspective, Exxon earned $114 million per day in the second quarter. That's $79,000 per minute or $1,300 per second.

No comments: