We just learned today that ExxonMobil made nearly $12 billion last quarter. This is coming off of $11 billion the quarter before that and $11 billion the quarter before that. No United States corporation has ever, in American history, made that much of a profit in a quarter. Never happened before. But while big oil is making record profits, you're paying record prices at the pump.
Barack Obama highlights ExxonMobil's record profits and connects it to the rising gas prices affecting Americans.
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