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.
Well, at least those high gas prices we’ve seen lately are now explained. But Exxon’s shares dropped in price after they recorded the biggest quarterly profit ever? The mind reels. Of the stock traders and Exxon, I’m not sure which side is the lesser evil.