Monday, January 30, 2006
Putting Exxon's Profits in Perspective
Exxon-Mobil has clocked profits of $10.7 billion for the fourth-quarter, taking their profits for the year to $36.13 billion. To put that in perspective, Exxon's profits alone are bigger than the economies of 125 countries ranked by the World Bank. In addition, Exxon's annual revenues stood at about $370 billion, which is quite a bit larger than the economies of countries like Switzerland and Sweden, and half the size of the Indian economy. Amazing what an oil price spike (and low production costs) can do.
