Exxon posts $10 billion in profit for second quarter

by PegNews wire

Photo not provided by Exxon

It's a sad day for consumers when Exxon's profits are down 1%

IRVING — ExxonMobil reported slightly lower profits for the second quarter of 2007, coming in at $10.26 billion, compared to $10.36 billion this time last year. Revenues also dipped slightly, from $99.03 billion in 2006 to $98.35 billion.

Exxon is still posting the all-time most profitable first-half, raking in an astonishing $19.54 billion in 2007 already.

Also highlighted in their second-quarter earnings report was having completed drilling the longest measured depth extended-reach drilling well in the world. Located on Sakhalin Island offshore Eastern Russia, the record-setting well achieved a total measured depth of 37,016 feet or over seven miles. You can read the full report here

Source: ExxonMobil