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ExxonMobil Sees Record $10B 2nd Quarter Profits

HeadlineSep 09, 2005

Oil giant ExxonMobil is expecting to report profits of over $10 billion over the past quarter — making it the most profitable single quarter for any company ever. This means ExxonMobil averaged making over 4.5 million dollars every hour for the past three months. During that same period gas prices shot up to record highs. Meanwhile the Energy Department is warning consumers in the Northeast to expect their winter heating bills to jump over 30 percent.

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