Exxon's $10 Billion Profit Leads Oil Industry

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Exxon Mobil reports quarterly profits of more than $10.3 billion, the second-best quarter ever for a U.S. company. Exxon Mobil's mark is topped only by the company's own record, which it set late last year.

With other large oil companies also announcing earnings in the billions for the quarter, critics charge that the record profits come at the expense of consumers, who are paying an average of $3 a gallon for gasoline this week.

Recently, BP and Royal Dutch Shell both reported profits of more than $7 billion. Conoco Phillips says it made more than $5 billion in the quarter. Chevron will announce its earnings Friday, which is expected to push the total for the five largest oil companies to well above $30 billion.

Robert Siegel talks with NPR's Scott Horsley.



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