Exxon Posts The Highest Profit Ever By Any U.S. Company In Any Industry, But It's Not Enough

Exxon made $11.68 billion in the second quarter, says the AP, which is “the biggest profit from operations ever by any U.S. corporation,” but that wasn’t quite enough to please investors, who were disappointed.

…the results were well short of Wall Street expectations and its shares slumped 3 percent.

Apparently, earnings from competitor Royal Dutch Shell got everyone’s hopes up when their profits jumped 33%. Poor Exxon.

Oil Profits Shatter Records [Huffington Post]
(Photo: whatatravisty )

Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.