The world's largest publicly traded oil company turned a profit of $11.7 billion for the second quarter. Its earnings were UP 14% from a year
Exxon Mobil cannot absorb all of the money it is making now. Exxon Mobil spent 46% more money buying its stock back in the first half of this year ($18.2 billion) than it did on exploration and capital expenditures ($12.5 billion).
This makes me SICK. SIIIIICK and furious! It should make you sick and furious too.