Exxon Mobil breaks another earnings record

[Baltimore Shooter]

Again, Exxon and the gas companies rape the American consumer to break their own record and "post their biggest U.S. quarterly profit ever".

Exxon Mobil breaks another earnings record
Oil giant posts biggest U.S. quarterly profit ever; breaks own record

HOUSTON - 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.

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 $2.21 to $65.29 Thursday on the New York Mercantile Exchange, about 56 percent off record highs in July.
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Warren

 

[at the plate]

That's good news for 401k's.

Keep mixin' that Kool Aid. Some blogger said its on the Waldorf's room service menu, then it MUST be true.

Yup, I'm sure your 401K or IRA is doing just stellar even with an Exxon percentage figured in. Even with those profits, XOM stock, as of today, has lost almost 30% of its value in 6 mos. I'm sure that's just hunky dory for the 401K holders of XOM.


Wall Street Journal: "Americans have lost $2 trillion in their workplace 401K retirement plans in the past 15 months, threatening the security of millions, according to government data." (insert here: The WSJ was considered a "conservative" newspaper even before Ruppert bought it.)

 

[Go Daddy]

Just When You Think The Liberals Cant Get Dumber, They Do.

Again, Exxon and the gas companies rape the American consumer to break their own record and "post their biggest U.S. quarterly profit ever".

Exxon Mobil breaks another earnings record
Oil giant posts biggest U.S. quarterly profit ever; breaks own record

HOUSTON - 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.

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 $2.21 to $65.29 Thursday on the New York Mercantile Exchange, about 56 percent off record highs in July.
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Warren

CELEBRATE WEALTH! CELEBRATE SUCCESS! PROFIT IS NOT A FOUR LETTER WORD!

When did profit, success, investment return, capital appreciation, when did some low life liberal slug decide any of this wasn't absolutely fantastic ? You would think we were living in North Korea when you read some of this nonsense. You want to participate in Exxon's success and stop your whining, BUY THE STOCK! They are a success, they make profits, they increase share holder value for stock investors like me, and most other intelligent capitalists.

STOP YOUR SNIVELING WHINING RANTS AND IF PROFIT AND SUCCESS BOTHER YOU SO MUCH MOVE TO NORTH KOREA.

 

[Mike@kennedys]

Congrats Exxon

Congrats to all at Exxon. Hope you break it again next quarter. Profit is a good thing. It means more wealth is created along with jobs.

 

[at the plate]

It means more wealth is created along with jobs.

Not necessarily, it just means they'll cut production in line with what other world producers like Shell, BP & OPEC are doing to force the price of oil back up so they can try to regain some of their 30% loss of stock capitalization from the last month. Reduced production means fewer jobs, not more. If you think that XOM's motivation is patriotism & jobs now, nope its to contain oversupply when demand is weak. That's why exploration companies like Shlumberger are in for dark days. No credit, no demand, over supply, no drilling=no new jobs. You guys in Texas should know this.

"Strong profit growth from Schlumberger meant little to energy investors preoccupied with fears that a tightened credit markets and slowing global demand could sap oil companies' exploration and production budgets".-Forbes

You heard of "do more with less and maintain profit margin" in the TV biz. Its the same in the oil biz. Even Jack Welch former CEO of GE knows that you can cut jobs and keep profit high. " Strong managers who make tough decisions to cut jobs provide the only true job security in today's world" - Jack Welch Read his book.

 

[Go Daddy]

It's Their Business to Do With as They Wish.

Not necessarily, it just means they'll cut production in line with what other world producers like Shell, BP & OPEC are doing to force the price of oil back up so they can try to regain some of their 30% loss of stock capitalization from the last month. Reduced production means fewer jobs, not more. If you think that XOM's motivation is patriotism & jobs now, nope its to contain oversupply when demand is weak. That's why exploration companies like Shlumberger are in for dark days. No credit, no demand, over supply, no drilling=no new jobs. You guys in Texas should know this.

"Strong profit growth from Schlumberger meant little to energy investors preoccupied with fears that a tightened credit markets and slowing global demand could sap oil companies' exploration and production budgets".-Forbes

You heard of "do more with less and maintain profit margin" in the TV biz. Its the same in the oil biz. Even Jack Welch former CEO of GE knows that you can cut jobs and keep profit high. " Strong managers who make tough decisions to cut jobs provide the only true job security in today's world" - Jack Welch Read his book.

Who the hells business is it what they do ? Have you forgotten this is America until November 4th ? If you have a problem with Exxon corp., don't patronize them. Spend your money at the kool aide stand where you can pretend that because you need petroleum products, that you can tell the company making them how to price their products. Are you people here all from Russia or North Korea ?

 

[Foxwood]

Exxon accepts billions in US subsidies and tax breaks. You should be outraged that they are profiting so at our expense. Unless you are a SOCIALIST!!!!

That should answer your question.

 

[Alaska cameradude]

Exxon accepts billions in US subsidies and tax breaks. You should be outraged that they are profiting so at our expense. Unless you are a SOCIALIST!!!!

That should answer your question.

Then there is that little fact that they basically ruined the livelihood of thousands of
people here in Alaska, and then fought in court for years, long enough that many of those
who they still owe money to.....have died. I have about as much regard for Exxon as I
do for lawyers and insurance companies.....

 

[Foxwood]

You are right. Let's not forget that. They should be able to cough up a bit of that.

 

[Go Daddy]

Exxon and On and On.

I'd like to see them refine crude into gasoline outside the USA and raise the price of gasoline to 10 to 15 dollars a gallon. That way the slugs that are bogging our economy down would have to go back to their own country. We have to find a way to get rid of about 100 million 3rd world sloths that are sucking off the welfare dime. C'mon Exxon think about it, do it for the survival of America.