exxon profit

aren't we all just giddy for their success?



http://hosted.ap.org/dynamic/stories/E/EARNS_EXXON_MOBIL?SITE=TXDAM&SECTION=HOME&TEMPLATE=BUSINESS.html&CTIME=2008-10-30-08-21-52

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.

 

Gravy train's over, bitch.

 

Protest by riding your bike.

 

Across several states to my work assignment?

I'll have to keep the bike in storage.

 

Some of your states can be pedalled across in a matter of hours.

 

Fuck you Exxon...

 

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 ...

 

Drill, baby, drill.

 

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

 

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

 

And Condi smiles.

 

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.