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exxon profit

Discussion in 'Sports and News' started by txsportsscribe, Oct 30, 2008.

  1. txsportsscribe

    txsportsscribe Active Member

    aren't we all just giddy for their success?


    Exxon Mobil posts biggest US quarterly profit ever

    HOUSTON (AP) -- Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.

    Yet numbers contained within the company's most recent financial report revealed production numbers that continue to sag, and shares slipped 3 percent in midday trading.

    The Irving, Texas-based company has reported unprecedented back-to-back quarters, the end of the most recent coinciding with a rapid plunge in crude prices. Benchmark oil prices fell another $2.91 to $64.59 Thursday on the New York Mercantile Exchange, about 56 percent off record highs in July.
  2. Football_Bat

    Football_Bat Well-Known Member

    Gravy train's over, bitch.
  3. Grimace

    Grimace Guest

    Protest by riding your bike.
  4. armageddon

    armageddon Active Member

    Across several states to my work assignment?

    I'll have to keep the bike in storage.
  5. Double J

    Double J Active Member

    Some of your states can be pedalled across in a matter of hours. :D
  6. slappy4428

    slappy4428 Active Member

    Fuck you Exxon...
  7. Sam Mills 51

    Sam Mills 51 Active Member

    And this after the oil execs were all crying and moaning that they made no money from the recent surge on crude prices?

    Hypocritical bastards ...
  8. poindexter

    poindexter Well-Known Member

    Drill, baby, drill.
  9. Double J

    Double J Active Member

    I'm surprised they haven't lined up for government relief alongside all the banks and investment companies.....cocksuckers.
  10. GB-Hack

    GB-Hack Active Member

    Chevron chimes in: http://www.nytimes.com/2008/11/01/business/01chevron.html?8au&emc=au
  11. Ben_Hecht

    Ben_Hecht Active Member

    And Condi smiles.
  12. DocTalk

    DocTalk Active Member

    As a matter of perspective, Exxon is not an amorphous entity. It is a company owned by its shareholders who should revel in the company's success. Some of those who own the company include the two largest pension funds in the country: CalPERS (California public employees) with 24 million shares and California Teachers Pension fund with 20 million shares. TIAA-CREF owns 37 million.

    There may be some very wealthy people who work at the company but its success is shared with some of the lowest paid workers in the country whose 401k invests in he stock market.

    Just a thought.
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