Leading the pack was ExxonMobil, the world?s largest oil company. Exxon reported third-quarter profits of $9.92 billion, 75 percent higher than its third-quarter earnings last year and the largest quarterly profit ever reported by a US company. The company also boasted revenues of more than $100 billion, another US record and a 32 percent increase over the company?s revenues in the second-quarter.
The Wall Street Journal on Friday noted that Exxon?s profits amounted to nearly $75,000 a minute, every minute, for the entire three months of the quarter (July, August and September). Exxon?s profit for the first nine months of the year, more than $25 billion, already exceeds its annual profit last year. The company made more money in the third quarter than all but eight companies in the S&P 500 made in all of 2004.