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.
A member of staff at the firm advocated for AI deregulation at the Reform-linked conference.
Albertans pay the highest electricity rates in the country and new gas plants for AI data centres could drive costs up further.
A new report reveals oil and gas companies knew as early as the mid-1970s that methane fueled climate change while launching massive PR campaigns to promote natural gas as clean energy.
The industry has abandoned its climate pledges in favor of fossil fuel-powered AI data centers.
