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The Federal Budget, Crude Oil Prices And Enhanced Economic Intelligence (i).
Byline: A Eze Nwagbaraji
On October 30, 2008, Exxon Mobil (NYSE: XOM) reported to its investors and the business world that it had earned $14.83 billion in the third quarter of 2008, topping the $11.68 billion it earned in the second quarter. Explaining how Exxon Mobil managed to rake in the largest profit in corporate business history, David Rosenthal, Exxon Mobil Investor Relations Chief said "Our integrated business portfolio, strong operational performance and financial discipline continued to allow us to capture the benefits of the commodity price environment." Continuing, Rosenthal assured investors that despite recent volatilities in the financial, commodity, and credit markets, the fundamentals of Exxon Mobil's core business remained strong.
Early October 2008, Nigerians learnt through various government sources that the 2009 federal budget that was still in …
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