More subsidies, please

AOL News - Exxon Mobil 2Q profit jumps 32 percent

- Exxon Mobil Corp., the world's largest publicly traded oil company, reported a 32 percent increase in second-quarter profits as it reaped the benefits of soaring oil and natural gas prices.

Net income for the April-June quarter rose to $7.64 billion, or $1.20 per share, from $5.79 billion, or 88 cents per share, the year before. Excluding one-time items, earnings totaled $7.84 billion, or $1.23 per share, Exxon said on Thursday.
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Revenue totaled $88.57 billion, a gain of 25 percent from $70.69 billion a year earlier.

Profits from exploration and production jumped $1 billion to $4.9 billion, a reflection of strong crude and natural gas prices offsetting a 4.3 percent reduction in output, the company said.

Well of course we have to give them tax breaks. I mean, it isn't like you can award a corporation the Medal of Freedom.