The economy is great! If you're an oil company, that is.:
Exxon Mobil Corp. reported today that its 2005 earnings totaled $36.13 billion, the largest annual profit ever for a U.S. company.Good to see that someone benefited from Hurricane Katrina.
The company's annual profit was up 43 percent from the year before.
Exxon Mobil, the world's largest publicly traded oil company, also reported a $10.71 billion profit for the last quarter, an increase of 27 percent from the year before.
Chevron Corp. last week reported that its fourth quarter profit was up 20 percent from the year before. ConocoPhillips reported a 51 percent increase in fourth-quarter profit. Marathon Oil Corp. reported that its fourth-quarter profit nearly tripled.
And if you're in the D.C. area, and you're filthy rich, things are looking up for you, too! According to this article in the Post, "Local Mansions, Relative Bargain":
It may seem as if Washington area home prices are ultra high, but only 21 properties here made a list of the 1,000 most expensive houses on the market in America that was published this week.Bargains! Absolute bargains!!!
And at $8 million to $25 million, the farmland, estates and mansions here look like absolute bargains compared with the asking prices of hundreds of properties elsewhere, mostly in New York, California and Florida.