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by Fussbett 01/30/2006, 9:35pm PST |
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http://today.reuters.com/investing/financeArticle.aspx?type=marketsNews&storyID=2006-01-30T163243Z_01_N30278925_RTRIDST_0_ENERGY-EXXON-EARNS-UPDATE-4.XML
The results pushed up Exxon's profit for the year to a staggering $36.13 billion -- bigger than the economies of 125 of the 184 countries ranked by the World Bank. Profit rose 42 percent from 2004. "It's an exceptionally strong quarter -- they're the world's most profitable company," said Robert Lutts, president of Cabot Money Management. "It could raise eyebrows among some, but they're doing their job."
Robert Lutts gives a psh quote.
Sanitario666: So Exxon just announced their record profit year.
INC: oh, good
INC: well, I'm glad my $3/gallon is going SOMEWHERE
Sanitario666: "In the past year, oil prices have soared on concerns about supplies prompted by tensions in oil producing countries and hurricanes in the US. "
Sanitario666: It turns out the tensions and concerns had no impact on the amount of oil Exxon had to sell.
Sanitario666: They had enough to cover the demand.
In a pre-emptive strike against the backlash an oil company will surely receive when it announces that it's made the more money over a year than any other company in the history of planet Earth, the American Petroleum Institute bought a full-page ad in the New York Times:
...a chart showing how many cents of profit various industries made over the last five years for each dollar of sales.
Oil and natural gas came in at 5.8 cents per dollar, according to the API, versus 10.8 cents for real estate, 16.2 cents for pharmaceutical companies and 17.3 cents for banks.
"What many may find surprising is that, on average over the past five years, the profitability of America's oil and natural gas industry is far less than many other major industries, like banks, pharmaceuticals and real estate," the advertisement said.
So in case you felt like getting angry, remember that banks and drug companies are much worse.
...when measuring the results on a profit versus loss scale, which you would only do to pretend like you're not netting $36 billion dollars a year. |
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Welcome to INC and Fussbett's Kar Korner (log) by Fussbett 01/28/2006, 10:10pm PST 
WRONG by Title 01/29/2006, 5:22pm PST
Exxon has record year. by Fussbett 01/30/2006, 9:35pm PST
Bush to America: Stop loving oil so much, sheesh! by Fussbett 02/02/2006, 3:21am PST
What? NT by laudablepuss NT by Department of Energy 02/02/2006, 12:31pm PST
Exxon sets new record profit quarter in the history of capitalism. $11.7B NT by Fussbett 08/06/2008, 10:41pm PDT
Hm how did they do that. ^_^ NT by Creexuls, a monster >:3 08/06/2008, 10:48pm PDT
Close factories here, open new ones in Mexico NT by Weyoun Voidbringer 02/11/2006, 10:45am PST
SAVIOR! you have come to us in the form of a tiny virgin troll NT by Quentin Beck 02/23/2006, 3:20pm PST
Fucking idiots by Quentin Beck 02/23/2006, 6:55pm PST
Let me help you! by Mister Helper! 02/23/2006, 7:34pm PST
I guess you're talking to Fussbett and INC by Fussbett 02/23/2006, 8:21pm PST
Re: I guess you're talking to Fussbett and INC by Quentin Beck 02/23/2006, 11:47pm PST
You're in the STUPIDhouse by Fussbett 02/24/2006, 2:05am PST
Re: I guess you're talking to Fussbett and INC by Chairman Mao 02/24/2006, 8:39am PST
WAAAH! I STOPPED POSTING by BUT ZSENI NO GIMME BJ'S NO MO 02/24/2006, 8:32pm PST
You're right. by Chairman Mao 02/24/2006, 8:53pm PST
That pile of shit above you isn't "right". by Souffle of Pain 02/24/2006, 9:12pm PST
This from the man fellating fucking SB by You were his cheerleader 02/25/2006, 5:33pm PST
Pussy by Souffle of Pain 02/25/2006, 11:09pm PST
Re: I guess you're talking to Fussbett and INC by Souffle of Pain 02/24/2006, 9:22pm PST
Re: I guess you're talking to Fussbett and INC by Quentin Beck 02/25/2006, 4:52pm PST
You've made a real poor showing. It's time for you to go home. NT by motherfuckerfoodeater 02/25/2006, 11:21pm PST
Re: I guess you're talking to Fussbett and INC by Souffle of Pain 02/25/2006, 11:26pm PST
Re: I guess you're talking to Fussbett and INC by Quentin Beck 02/27/2006, 12:47am PST
Re: I guess you're talking to Fussbett and INC by I need clarification 02/27/2006, 1:23am PST
China and Japan = undeveloped countries by motherfuckerfoodeater 02/27/2006, 5:38pm PST
Re: China and Japan = undeveloped countries by Ice Cream Jonsey 02/27/2006, 7:55pm PST
So we can add Souffle to the list with Worm and Bink? Thanks, Ice Cream. NT by Caltrops 02/27/2006, 8:10pm PST
Damn it! I meant Pinback, not Bink. NT by Caltrops 2K7 03/07/2007, 5:20am PST
Re: China and Japan = undeveloped countries by motherfuckerfoodeater 02/27/2006, 10:06pm PST
premature clicking! by motherfuckerfoodeater 02/27/2006, 10:07pm PST
My guess of a 1995 Mustang fanboy was WAY OFF by Fussbett 02/27/2006, 1:16am PST
Re: I guess you're talking to Fussbett and INC by Ice Cream Jonsey 09/05/2006, 8:12pm PDT
apparently Bill Ford asked for help, told the board he couldn't hack it by co2 09/06/2006, 10:26am PDT
update by Fussbett 03/01/2006, 8:44pm PST
DOWNdate: Peter Stormare is awesome. by The German Engineer 03/01/2006, 9:10pm PST
FORD posts record (RECORD) losses for 2006. by Fussbett 01/25/2007, 11:21am PST
IT'S OK, being successful doesn't matter by Rafiki 01/26/2007, 9:55am PST
have you lost less than $12.7 billion this year? by Flabby-o 01/25/2007, 5:35pm PST
fuck, Snoop to short sell Ford stock NT by Flabby-o 01/25/2007, 5:45pm PST
Alan Mulally definitely smarter than Bill Ford by Horrible Gelatinous Blob 04/05/2007, 9:01pm PDT
His base salary was $666,667 (Rounded up) Mwahahaha! NT by Mischief Mephistopheles 04/05/2007, 9:25pm PDT
Ford has a plan (to save the day) by I need clarification 04/18/2007, 2:00am PDT
The best part is that David Mamet is actually not a good director at all. NT by Jhoh Cable o_O 04/18/2007, 4:14am PDT
As a director, Mamet could be considered the thinking man's Kevin Smith. NT by Jerry Whorebach 04/18/2007, 1:47pm PDT
Hey guys, BIGGER trucks! (less jews?) by Bill Ford 05/15/2007, 7:02pm PDT
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