ExxonMobil profits gush above $10 billion

The world's largest company, ExxonMobil Corp., announced record third-quarter profits of 10.49 billion dollars on the back of red-hot oil prices. The Texas energy giant's latest income was the second-highest ever booked by a public US company. It already holds the record for the highest quarterly profits, of 10.71 billion dollars in the last quarter of 2005. Bush White House is Oil White House