Exxon Posts $10.7 Billion Profit for Fourth Quarter
 

Thanks George for letting us assrape YOUR citizens :thumbsup

Exxon Mobil Corp. posts one of the largest quarterly profits in American history: $10.7 billion for the fourth quarter of 2005, up from more than $8.4 billion a year ago. Exxon is the latest oil company to post record profits as oil prices continue to rise.

Oil trader Phil Flynn tells NPR's Steve Inskeep that the difficulty of bringing oil to market and a dwindling supply will keep oil companies' profitability very high for years to come.

http://www.npr.org/templates/story/s...44&ft=1&f=1001

I own stock in XOM ;) Loving it!

holy fucking crap

There is no way to respond to this... it's sick.

<<< Why didn't I buy Exxon stock? :(

Think what Saudi Arabia is making on that stuff now. It is unreal.

i just thought about the gas prices when i saw them still at $2.40 a gallon here. i never really go anywhere (and when i do, i dont use much gas so i rarely re-fuel), i was thinkin wtf, gas is STILL that high?? wtf?? like 2 months ago, i remember it being $1.99 here.\
there is NO fuckin reason for gas to be that high. none.

Oil stocks are going to be strong for a long time. Oil is still a huge controllable commodity that is used to produce more than just gas for your car. Think about all of the products that are made from the burning of oil for energy and the hesitation and lack of infrastructure to move to another energy source.

Now think of how many countries do not even have the capability to produce nuclear power. I see another 10-15 strong years for the oil industry.

PVX - a good buy now
PWI - slightly high.... let it drop about .50-.70

PROFITS!?!?!
Those motherfuckers! How dare they make a PROFIT!!

Wake up, kids. Oil is a business. If you are a consumer you are part of the problem. Stop using it or stop bitching.

To those of you whining about this, you need to realize that on the sale on which they sell oil, they can make a massive profit from a small profit per unit volume. If there were a dozen or so companies serving the same function as XOM, they could easily make double the profit per unit that XOM does now, and without many of the whiners. Please consider the annual sales volume of XOM before you whine any more.

$10 billion? Pfft, thats nothing
http://www.publicdebt.treas.gov/opd/opdhisto4.htm

Yet they are fighting paying out for the oil spill in alaska.

gas prices will never go down...maybe by a few cents or so, but once they make large jumps, they remain at that level

gas could jump to $3.50 a gallon - and people will still pay, because we HAVE to...we'd just cut back use just a little bit thats all



PEAK OIL

God damn, now thats a profit..

business makes profit shocker

Then people wonder why we aren't looking for alternative fuels aggressively. lol

I see this shit all the time in the UK. Oil companys posting record profits. Two weeks later the price of a litre of fuel goes up again! Make me real pissed off.

Especially since the UK fuel prices are one of the highest in the world.

What the US and Canada are paying for a gallon, I'm paying almost that for a litre.

Hopefully you use this anger towards the oil companies as an excuse to buy more fuel efficient vehicles, using public transportation, WALKING or riding a bike and pressuring the govt. to develop other technology and to reward people for decreasing consumption. I see so many people bitch about oil prices and then get in their SUV and drive off with just one person in a 9 person vehicle. lol

Thats a fuckin ton of money.

The higher fuel prices get the better alternative energy options become. Oil, a limited resource should be used for all the things for which it is essential in manufacturing and better sources of energy need to be developed.

Jimmy Carter tried to make the US oil independent in the 1970's his thank you was not to be relected. Bush, much as I despise him, is not the reason. The reason for increasing fuel costs is increased consumption of a limited commodity and greed.

holy crap!! :warning