Big oil.

From Think Progress, ABC: Exxon spends 1 percent of profits on alternative energy.

Exxon Mobil today broke its own record for the highest-ever profit by a U.S. company, with net income this quarter rising to $11.68 billion. While Exxon officials regularly tout the company’s investment in alternative energy, ABC reported today that Exxon spends only 1 percent of profits on alternative energy sources.

From The Intersection, Exxon Mobil Reports Earning Almost $1500 Per Second.

Speaking of energy... As gas prices topped $4 a gallon this summer, Exxon Mobil has posted a new profit record which works out to bringing in $1,485.55 a second.

Compare and contrast.

TAGS: Oil, Energy, Alternative Energy, Exxon