ExxonMobil Banks Billions while Oil Prices Continue to Soar

ExxonMobil profited nearly $11 billion according to their quarterly report issued Thursday while gas prices hit an average of $4 a gallon. Consumers and politicians, including President Barack Obama, are calling for action.

While prices at the pump continue to rise, Exxon reported a first quarter net income of $10.65 billion, a 69 percent increase from the same time last year. ConocoPhillips reported a 43 percent increase in first quarter profit, to $3 billion.