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Exxon Makes Excess of 45 Billion
 
Monday, February 2nd, 2009  by Connie T.


Ah, what would we do without the Detroit Free Press? Layoffs may be abounding everywhere from Macy's to Starbucks, Kodak to Target, Caterpillar to Sprint, Harley Davidson and the Home Depot to United Airlines and Williams Sonoma (literally!), but somewhere Exxon execs are smiling.

The Free Press reports that the profits for oil company Exxon Mobil were over $45.2 billion last year alone.

It broke the record for earnings for a U.S. company and has $31 billion in cash lying around to use for...whatever.

Doesn't seem right, does it? Perhaps they should lend the state of California a few bucks for tax refunds, so that Arnold Schwarzenegger doesn't have to hand out IOU's!

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