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Oil Industry Seeks to Cast Huge Profits as No Big Deal

By Terence O'Hara
Washington Post Staff Writer
Friday, October 28, 2005; Page D01

By most familiar comparisons, the $9.92 billion profit earned by Exxon Mobil Corp. in just three months is almost unimaginable. It would cover all Social Security benefit payments for three months. It would pay for an Ivy League education for about 60,000 kids. It would pay the average list price for more than 160 Boeing 737s. It would fund the military operations in Iraq and Afghanistan for more than two months.

Yet oil industry representatives and Exxon Mobil yesterday made a game effort to cast the record profit, earned during a quarter in which the Gulf Coast was shattered by hurricanes and gas prices rose well above $3 a gallon, as middling at best.
That's the exact opposite of what most companies do during earnings season. They usually go to some length to put their performances in the best l


Added: Oct-30-2008 
By: mwkessler
Iraq, Afghanistan, News
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