Oil Boom: Exxon Breaks Record for Profits by U.S. Company

HOUSTON (AP) -- Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results fell well short of Wall Street expectations and shares fell in premarket trading. The world's largest publicly traded oil company said net income for the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a share, a year ago. How Are You Dealing With Gas Prices? Tell ABC News Revenue rose 40 percent to... Full Story