Exxon Mobil Earns Record $11.7B in 2nd Quarter

Exxon Mobil has broken its own profit record by making $11.7 billion during the second quarter—the most profitable quarter for any business in history. This means Exxon Mobil made about $90,000 per minute. Despite the record, Exxon Mobil’s profit fell short of Wall Street estimates, and the company’s stock fell about two percent. Meanwhile, analysts say Exxon Mobil spent just one percent of its $41 billion in profits last year on alternative energy sources.