May 29, 2023

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Oil Profits

January 1, 2005 by

Exxon Mobil recently announced their 4th quarter profits.. Just shy of 10 Billion dollars.

For those of you keeping track that’s the largest 1-quarter profits ever by an American company. To put it in perspective: Bahrain (the home of Michael Jackson and leading oil supplier to Exxon Mobil) only has a Gross Domestic Product of 9 billion.

If you remember, the 4th quarter also included Hurricane Katrina, so called “gas shortages” and other problems that all resulted in $4.00 / gallon gas prices.

Of course, now that we see their profits for that quarter, these were all neccessary right?

BOHICA.

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Ryan Jones is an SEO from Detroit. By day he works as a manager of SEO & Analytics at SapientNitro where his team performs SEO for Fortune500 clients. By night he's either playing hockey or attempting to take over the world with his own websites - which he would have already succeeded in doing had it not been for those meddling kids and their dog. The views expressed here have not been paid for and belong only to Ryan, not any of his employers or clients. Follow Ryan on Twitter at: @RyanJones, add him on Google+ or visit his personal website: www.RyanMJones.com