ExxonMobil’s profits in 2005 were $36.13 billion — the largest annual profit ever recorded by a U.S. company.

So much for that record. 2006 profits: $39.5 billion.

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Update [2007-2-1 12:12:21 by David Roberts]: Groovy Green offers this handy way of thinking about Exxon’s profits:

Think of it this way, if ExxonMobil invested less than one month of its 2006 profits in renewable energy like wind, solar, or biomass, it would have more than doubled all federal spending last year on renewable energy, fuel efficiency and alternative fuels combined ($1.8 bn).

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