Today, the Exxon Mobile Corp. announced its third-quarter net profit soared 58% from a year ago and it reached nearly 15 billion, the largest profit ever made by a U.S. company. 

For Q3, the oil giant’s profit was an "only" $14.83 billion or $2.86 a share, up from $9.41 billion and $1.70 a share a year earlier. 

High Gas Prices Help Exxon Make Record Profits

Exxon also said that total production fell about 8 percent and warned that its fourth-quarter earnings will be cut by $500 million because of lower volumes.

It’s useless to say, but while we suffer from high gasoline prices, oil companies make record profits! What does this fact tell you?

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