HOUSTON – Exxon Mobil Corp. posted the largest annual profit by a U.S. company โ $40.6 billion in 2007 โ as the world’s largest publicly traded oil company benefited from historic crude prices at year’sย end.
Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for the final three months of 2007, besting its own mark of $10.71 billion in the fourth quarter ofย 2005.
Ofgem has rejected calls for household energy debts to be paid off using excess profits.
Former fracking magnate Gwyn Morgan has funnelled millions to right-wing media and think tanks, a DeSmog analysis reveals.
Dan McTeague cultivates a media image as a consumer advocate while running a group urging people to fight against climate policies.
Industry groups warn of โsupply shocksโ as energy shortages grow, but critics say targeting the EUโs methane rule would lock in polluting U.S. fossil-fuel infrastructure at a dire cost to local and global communities.
