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Exxon reports massive profits for first quarter
NEW YORK, April 27, 2006 (CBS/AP) - With the price of gas skyrocketing
and political leaders of both parties calling for emergency relief measures, another oil company reported massive profits Thursday morning. Exxon Mobil Corp. made an $8.4 billion profit in the first quarter - that's a 7 percent increase over last year. Net income rose to $1.37 per share for the January-March period from $7.86 billion, or $1.22 per share, a year ago. Revenue grew to $88.98 billion from $82.05 billion a year earlier. Irving, Texas-based Exxon Mobil is the world's largest publicly traded oil company. In January, it posted the highest quarterly and annual profits of any U.S. company in history: $10.71 billion for the fourth quarter of 2005 and $36.13 billion for the full year. ConocoPhillips announced record profits yesterday, but it's no doubt not the last. On Friday Chevron is expected to announce close to $4 billion in profits. The American Petroleum Institute, an industry trade group, is spending millions of dollars in newspaper and television ads to convince Americans that their profits have nothing to do with higher gas prices, CBS News correspondent Byron Pitts reports... ConocoPhillips' net income jumped to $3.29 billion, or $2.34 per share for the January-March period, from $2.91 billion, or $2.05 per share, in the year-earlier period. Revenue at ConocoPhillips grew to $47.9 billion in the first quarter from $38.9 billion last year. Fadel Gheit, an analyst with Oppenheimer & Co., said things will only get better for the company, citing its $33.9 billion acquisition of Burlington Resources completed March 31... |
Exxon reports massive profits for first quarter
"Williams" > wrote in
oups.com: > NEW YORK, April 27, 2006 (CBS/AP) - With the price of gas skyrocketing > and political leaders of both parties calling for emergency relief > measures, another oil company reported massive profits Thursday > morning. > > Exxon Mobil Corp. made an $8.4 billion profit in the first quarter - > that's a 7 percent increase over last year. I wonder how much more fuel oil,gasoline and diesel was consumed over the previous year? -- Jim Yanik jyanik at kua.net |
Exxon reports massive profits for first quarter
"Williams" > wrote in message oups.com... > NEW YORK, April 27, 2006 (CBS/AP) - With the price of gas skyrocketing > and political leaders of both parties calling for emergency relief > measures, another oil company reported massive profits Thursday > morning. > > Exxon Mobil Corp. made an $8.4 billion profit in the first quarter - > that's a 7 percent increase over last year. > > Net income rose to $1.37 per share for the January-March period from > $7.86 billion, or $1.22 per share, a year ago. Revenue grew to $88.98 > billion from $82.05 billion a year earlier. > If $8.4 billion in profits is massive, then what are the $25.8 billion in taxes that Exxon Mobil paid in the first quarter (an 11 percent increase over last year)? Why doesn't the news media publicize the fact that Exxon Mobil's taxes are more than three time their profits? When are the political leaders or news media going to start an investigation into the massive and obscene tax gouging of the American public by all levels of government profiting on high oil and gas prices? It is obvious that the political agenda on gas and oil is more important than a sensible economic agenda. *** Posted via a free Usenet account from http://www.teranews.com *** |
Exxon reports massive profits for first quarter
In article >, terrable wrote:
> If $8.4 billion in profits is massive, then what are the $25.8 billion in > taxes that Exxon Mobil paid in the first quarter (an 11 percent increase > over last year)? Why doesn't the news media publicize the fact that Exxon > Mobil's taxes are more than three time their profits? If all the oil companies actually pay that much, maybe they can pay for the oil wars. |
Exxon reports massive profits for first quarter
In article >, jdoe wrote:
> On Thu, 27 Apr 2006 15:32:08 -0500, > (Brent P) wrote: > >>In article >, terrable wrote: >> >>> If $8.4 billion in profits is massive, then what are the $25.8 billion in >>> taxes that Exxon Mobil paid in the first quarter (an 11 percent increase >>> over last year)? Why doesn't the news media publicize the fact that Exxon >>> Mobil's taxes are more than three time their profits? >> >>If all the oil companies actually pay that much, maybe they can pay for >>the oil wars. >> > hey dim bulb, they are Hey asshat... that's not even enough to pay for the wars. |
Exxon reports massive profits for first quarter
"Williams" > wrote in news:1146149331.856018.187290
@i39g2000cwa.googlegroups.com: > NEW YORK, April 27, 2006 (CBS/AP) - With the price of gas skyrocketing > and political leaders of both parties calling for emergency relief > measures, another oil company reported massive profits Thursday > morning. > > Exxon Mobil Corp. made an $8.4 billion profit in the first quarter - > that's a 7 percent increase over last year. > What else would we expect from the Bush government? The plan has come quite nicely for the oil executives who put Bush and Cheney in power. It's like putting the fox to guard the hen house. Bush is pretty a lame duck waiting for this stupid ****ing head to be thrown in jail. He careless about the American people and the American consumers. His friends in the oil business are happy. And that is all what matters most. While sons and daughters of American people are getting fried in the deserts of Iraq, Bush's twins are pampered in the comfort of "green carpet" and would never see actions, especially actions in Iraq war, one that the dumbass Bush Jr. started but has no clue how to end. This is the picture expected from having the rich and the corrupt family to rule a democracy - or at least a phantom democracy. The American people indeed deserve what they get: a loser like Bush to run the country into the abyss of shame and destruction. At this point, Bush and his gang are obviously running dry on excuses for their "mistakes". The butt-ugly devil-like Condi Rice and her tricks will not do any good. And neither is the **** head Rumsfeld. They are all losers. And losers will destroy your life and your future if you let them take control of your life. Today you are paying over 3 bucks for a gallon of refined oil. Tomorrow, you may have to shell out $6 for a gallon. At the same time, watch a the fat profits racked in by the oil companies while your Republican government continues to give the hefty tax breaks. Your children will pay for the great debts created by this Republican government. And you are basically and royally ****ED! I am not saying the corrupt Democrats would be any better. What the US needs is an indepedent government with no influence from corporate America and one that dedicates its goal to server the American people and democracy - not corporations and tyranny and greed. It's not too late. Remove corrupt and corporate-controlled politicians in November, regardless they are Democrats or Republicans. Hopefully, the same cheating tool, e.g., Diebold voting machine, used to get Bush and Cheney "elected" will not be repeated in November. *** Posted via a free Usenet account from http://www.teranews.com *** |
Exxon reports massive profits for first quarter
> Jennifer R.:
> It's not too late. Remove corrupt and corporate-controlled politicians in > November, regardless they are Democrats or Republicans. Hopefully, the > same cheating tool, e.g., Diebold voting machine, used to get Bush and > Cheney "elected" will not be repeated in November. <cynicism> You really are a dreamer, aren't you??? </cynicism> -- "The people who cast the votes don't decide an election, the people who count the votes do." --Joseph Stalin |
Exxon reports massive profits for first quarter
In article >,
Scott en Aztlán <newsgroup> wrote: >On 27 Apr 2006 07:48:51 -0700, "Williams" > >wrote: > >>NEW YORK, April 27, 2006 (CBS/AP) - With the price of gas skyrocketing >>and political leaders of both parties calling for emergency relief >>measures, another oil company reported massive profits Thursday >>morning. > >So what are you, personally, doing about it? Trying to decide if XOM is still a buy. -- There's no such thing as a free lunch, but certain accounting practices can result in a fully-depreciated one. |
Exxon reports massive profits for first quarter
terrable wrote:
> "Williams" > wrote in message > oups.com... >> NEW YORK, April 27, 2006 (CBS/AP) - With the price of gas skyrocketing >> and political leaders of both parties calling for emergency relief >> measures, another oil company reported massive profits Thursday >> morning. >> >> Exxon Mobil Corp. made an $8.4 billion profit in the first quarter - >> that's a 7 percent increase over last year. >> >> Net income rose to $1.37 per share for the January-March period from >> $7.86 billion, or $1.22 per share, a year ago. Revenue grew to $88.98 >> billion from $82.05 billion a year earlier. >> > > If $8.4 billion in profits is massive, then what are the $25.8 billion in > taxes that Exxon Mobil paid in the first quarter (an 11 percent increase > over last year)? Why doesn't the news media publicize the fact that Exxon > Mobil's taxes are more than three time their profits? Must be true. The other day I bumped into two oil executives sitting on a curb with tin cups in their hands and signs that said, "Help me pay for my yacht." John -- Von Herzen, moge es wieder zu Herzen gehen. --Beethoven |
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