Right in time for another gasoline price "freakout," Exxon has released their earnings: tallying $11 billion in the first quarter. The oil giant beat Wall Street estimates to post a 26 percent increase in revenue totaling $114 billion with earnings growing across all its business segments. All told, Exxon had its best quarter since 2008.
The report comes right as Washington D.C. gets around to furrowing its brow about always-too-high gas prices. Last week, the President took special time out of his California coast tour to emphasize how much he feels for the typical American gas-guzzler. "We are going to make sure that no one is taking advantage of the American people for their own short-term gain," he said in a townhall meeting on the topic of surging gas prices.
This article is from the archive of our partner The Wire.