That 7.8 was for the last quater, not the whole year. Last year their profit was 25 billion and this year will most likely be in excess of 30 billion. Here in the US we could be happy with the price compared to Europe. Venezuela has gas for 12 cents a gallon. wow.....happy socialists wow again,,,12 cents a gallon..Exxon should pull their supr tankers up to the pump. Then we could have real cheep gas again. wow again 12 cents a gallon