Exxon Mobil makes biggest profit ever - congrats big oil?

Exxon Mobil posted the highest quarterly profit for any company by making $14.83 billion in the third quarter of this year. This shattered the previous record of $11.68 billion, which was set in the last quarter also by Exxon Mobil.

But don’t get mad yet. Poor Exxon Mobil will likely lose $500 million from the effects of Hurricane Gustav and Ike, and oil production is down. So it is likely that Exxon Mobile won’t post any record profits for the fourth quarter of 2008.

Although the near $100 fill-up of your SUV may have you want to riot in the streets, remember to not try to burn anything to the ground (you’re likely to have to use Exxon Mobil’s product to do it.) Instead hopefully the U.S. Government will take a page from the older and wiser Brits. It seems parliament is demanding that BP share some of its good fortune.