In an interesting (albeit hopeless) op-ed called "Imagine a world where ExxonMobil gives back," Gar Alperovitz offers some interesting perspective on Exxon’s recent profits:
In the quarter ended Dec. 31, the giant company made $10.7 billion — the equivalent of more than $115 million for every one of its 92 days, nearly $5 million each hour, more than $80,000 every minute, nearly $1,350 each second.
ExxonMobil’s overall 2005 revenues of $371 billion amounted to more than $1 billion a day! The total was larger than the entire economies of all but 16 of the 184 countries ranked by the World Bank. It was 40 percent greater than the gross national product of Indonesia, a member of the Organization of Petroleum Exporting Countries with a population of 242 million.
More than a billion dollars a day. That’s something else.
The whole thing’s worth reading.
