Exxon Mobil Posts Big Profit

Summary


HOUSTON -- Don't expect motorists to sympathize, but Exxon Mobil Corp. says gasoline prices didn't do it any favors in the first quarter.

Still, the world's largest publicly traded oil company said Thursday that it earned $10.9 billion to start 2008, the second- biggest U.S. quarterly profit ever. The smaller Marathon Oil Corp. said its profit rose 2 percent to $731 million, well ahead of Wall Street forecasts.

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Exxon Mobil Posts Big Profit

As in the past, the extraordinary results from Exxon Mobil prompted critics to insist the company and other major oil producers were profiting at the expense o...

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