Exxon Profits Rise, and So Does Congressional Scrutiny - New York Times

Exxon Profits Rise, and So Does Congressional Scrutiny - New York Times: "Bolstered by high oil prices, Exxon Mobil said profits rose 7 percent in the first quarter, even as Congress threatens to punish oil companies for excessive profits at a time of soaring gasoline prices.

The surge in energy costs has jumped to the top of the political agenda as the average price of gasoline recently reached $3 a gallon in many parts of the country. Last week, crude oil prices jumped above $75 a barrel, the highest in over a quarter century."