$10.5B quarterly profit
Exxon reported $10.5B in profit for their most recent quarter of activity. Another quarterly report, another $10B profit, it’s good to be Exxon. That’s what they call in the business, real money…$1350 profit per second.
If just this quarter of Exxon’s profit was invested in renewable electricity generation using wind, it could fund approximately 10 GW of production leading to around 26 terawatt hours (TWh) (or 26,280,000,000,000 watt hours) of power and that could displace about 26 million kilotons of pollutants annually. This would require the investment of just ONE quarter’s profit.
The economic payback? About 13 years at current electric power prices ($30/MWh net of expenses.)
The lifetime profit? ~$11B.
The public relations and image value? Priceless.
Technorati Tags: Energy | Exxon | Profit
