It was reported yesterday that Exxon Mobil has beaten the record for highest quarterly profit in United States history...again. It's net profit totals $11.68 billion. The title holder for the fourth quarter, which was in December of last year, was...yep, you guessed it: Exxon Mobil with $11.66 billion.
That's funny. I seem to remember not so long ago that the Supreme Court ordered Exxon's punitive damages for the 1989 Exxon Valdez oil spill (the largest environemental disaster in U.S. history, mind you) be reduced down to $500 million, or 1/10th of the original jury's ruling of $5 billion. Score another point for corporate America.
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