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exxon 1200 second


Guess who made $1,252 a second, every second last year?

If you have any questions about why it will be very, very difficult for biofuel start-ups and solar car enthusiasts to compete in the oil-friendly auto industry, don't look only at the technological troubles with lithium-ion batteries or getting biodiesel from algae. Look at the cash register over at Exxon Mobil. The company has just posted 2006 profits (not revenue, which was an obscene $377.64 billion last year) of $39.5 billion. Aside from being the largest annual profit by a U.S. company, how much is that, exactly? $39.5 billion profit in ... Read more →

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