BIG THREE U.S. OIL COMPANIES COMBINED AVERAGED $233 MILLION PROFIT PER DAY IN Q4

Exxon Mobil announced this morning that it posted a quarterly profit of $11.66 billion for Q4, the largest operating profit ever posted by a U.S. company. That works out to roughly $130 million in profit per day for the quarter.

In related industry news, Chevron announced this morning that it posted a net income of $4.88 billion for Q4. Chevron is the second-largest oil company behind Exxon Mobil. On January 23rd, ConocoPhillips, the third-largest oil company, announced net income of $4.37 billion for Q4.

Combined, these three companies averaged profits of $233 million per day in the fourth quarter of 2007.