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Exxon Mobil may not be the biggest company in the US but it's by far the most profitable: Driven by higher prices for crude — as well as big gains in its natural gas and chemicals businesses — profits at Exxon Mobil topped $30 billion, a whopping 58% jump. (Ref: Yahoo Finance 5/5/11)
Higher prices for crude = higher profits. Why? Exxon raises the price of gas higher than the equivalent price increase for buying more expensive crude oil and thereby increases their profit margins.
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1999 996 C2 - sold - bought back - sold for more
1997 Spec Boxster BSR #254
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Last edited by thstone; 05-05-2011 at 10:10 AM.
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