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Page added on July 27, 2006

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Exxon Mobil makes over $10 billion

No. 1 U.S. oil company earns $1,318 a second -topping forecasts – but comes in just shy of a record.

The $1,318 a second would buy enough gasoline, even at the current $3 a gallon average, to drive a Hummer H3 between Los Angeles and New York three times.

Industry experts say that it’s getting increasingly expensive for oil companies to get easily refinable crude oil out of the ground.

Then there’s the geological fact that new, large, high-quality oil fields are simply getting harder to find.


CNN Money



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