Exxon Mobil on Thursday reported that second-quarter profit rose 14 percent, to $11.68 billion, the highest-ever profit by an American company. Exxon broke its own record.
The profit of $2.22 a share compared with $10.26 billion, or $1.83 a share, in the quarter a year ago.
On a related note, the Republican Party supports subsidies for oil companies and advocates a policy of more drilling.