freedom is on the march
2006-10-26 12:31:38 · 15 answers · asked by Anonymous in Politics & Government ➔ Politics
hell yes
and they still owe Alaska 6 billion that they have fought in court for 20 years from the Valdez oil spill.
2006-10-26 12:33:36 · answer #1 · answered by a_blue_grey_mist 7 · 1⤊ 1⤋
Exxon Mobil Profit Soars 75%
Friday, October 28, 2005; Page D01
High prices for crude oil, gasoline and natural gas helped Exxon Mobil Corp. to its highest-ever quarterly profit, $9.92 billion, up 75 percent from the third quarter last year, the company said yesterday.
Profit in the third quarter at the world's largest publicly traded oil company set an industry record, and its sales of $100.72 billion were the highest in a quarter by U.S. company, according to Standard & Poor's.
Exxon Mobil's third-quarter profit, $9.92 billion, was the highest the oil company had ever recorded. (By Matt Slocum -- Associated Press)
Oil Industry Seeks to Cast Huge Profits as No Big Deal
By most familiar comparisons, the $9.92 billion profit earned by Exxon Mobil Corp. in just three months is almost unimaginable. It would cover all Social Security benefit payments for three months. It would pay for an Ivy League education for about 60,000 kids. It would pay the average list price...
Oil Doesn't Want Focus on Big Profit
Gigantic oil companies generally do not enjoy the best PR.
Other oil companies have reported soaring third-quarter profits this week. Royal Dutch Shell PLC, based in the Hague, said yesterday that its third-quarter profit was not far behind Exxon Mobil's: $9.03 billion, up 68 percent. London-based BP PLC reported profit of $6.53 billion, up 34 percent.
The industry benefited from tight supply and heavy demand that sent crude oil prices higher on world markets. Hurricanes in the Gulf of Mexico helped push futures prices for crude oil close to $70 a barrel and sent retail gasoline prices above $3 a gallon during the quarter. Natural gas prices rose to record highs
2006-10-26 13:29:59 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Yes, and notice that now, for some reason; the oil companies are lowering their prices and accepting somewhat less profit; although I am sure their current profits are still exorbitant. I don't understand some of the people answering this question who say that liberals, ie you, are anti profit. These companies are making record profits at the expense of the economy and the people of the US. I don't mind profit, we are a capatilist country, but people should be content with reasonable profits, and show some concern for the people of this nation who buy their gas. But back to the original point, what a coincidence that gas prices are falling now, just when the party that allows them to rape the American people for record profits is having problems with popularity and are concerned they may lose control of the govt. Strange huh???
2006-10-26 12:42:18 · answer #3 · answered by irongrama 6 · 1⤊ 0⤋
Doesn't it feel good if you're a liberal and know that the government--oops, didn't mean to be disrespectful with the lower case, Government--made 30 to 40 cents more on each gallon of gas than the oil companies. What a deal, Government doesn't have to research, speculate, drill, transport, refine, or distribute it, or navigate the impossible bureaucratic nightmare to produce anything; they just have to have their hands out.
We need to have more respect for profit. There's a reason businesses go overseas. Who can blame them with a bunch of leeches in congress after them.
2006-10-27 01:54:21 · answer #4 · answered by Curt 4 · 0⤊ 0⤋
between the matters is that the numbers are so very large yet as you ingredient out, the income margins as chance is actual in preserving with all different industries. besides, oil and gas organizations positioned a wide volume of their income shrink decrease back into study and progression. If people were quite apprehensive about grasping organizations, that that they had pass after the software market the position the income margin is someplace round 30% or 40%. particularly, they are going after an "evil" market that manufactures a product our u . s . a . needs to live to inform the tale and at a fee that maintains to be shrink in accordance to gallon than milk or bottled water.
2016-12-05 06:37:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I wonder if you or any of the Answerers here know that the Bush Family owns the LIONS SHARES of Exxon/Mobile stock.
NOW do ya'll GET the CLUE?!?!?!?!?!?
YEH, Freedom IS on the march......OUT of the USA :(
2006-10-26 12:38:52 · answer #6 · answered by x_southernbelle 7 · 0⤊ 0⤋
At $3/gal, it was still not as expensive as in the past.
I earned record profits last year too. Did I rape my employer?
2006-10-26 13:21:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Why are you libs so against profit! If moveon.org announced record profits and earnings you wouldn't have a problem. You don't have a problem with the profits made by George Soros, Rob Reiner, Bill Gates, Warren Buffet or any number of hollywood snobs. HYPOCRITE!
2006-10-26 12:36:52 · answer #8 · answered by Republican Mom 3 · 2⤊ 3⤋
Their profit margin is 8%.They sell huge quantities hence huge profit.If you don't like it don't drive.Protest with your dollars and exercise your power as a consumer.
2006-10-26 12:59:12 · answer #9 · answered by ? 6 · 0⤊ 0⤋
Just think of all the "poor" countries you're helping out. They can build stuff like, bombs, terrorist camps, dirty bombs, etc. Why buy a hybrid?
2006-10-26 12:34:13 · answer #10 · answered by Anonymous · 2⤊ 0⤋