Thursday, May 01, 2008

A few billion here, a few billion there...

...and pretty soon you're talking real money.

ExxonMobil reported a $10.9 billion First-Quarter profit, up 17 percent.

With all that cash laying around, it should be no problem to pay that little $2.5 billion punitive damages award involving the Exxon Valdez oil spill in Alaska back in 1989.

Fortunately for poor ol' Exxon, the Supreme Court will likely toss out those damages. Whew...you'd sure hate for Exxon to pass that along to the customer in the form of higher fuel prices.

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