Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 01-31-2011, 06:59 PM   #2102
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Quote:
Originally Posted by mnchiefsguy View Post
Does not appear to be a record profit jump, but it is their best quarter since 2008, which was a record profit quarter from the looks of it:

http://news.yahoo.com/s/ap/20110131/...us_earns_exxon
Well, sure. They are an oil company. When crude is high, their margins go up. When it is low, their margins drop.
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