How Are The Gas Companies Doing??? [Archive] - SmokinVette.com Forums

: How Are The Gas Companies Doing???


Sam02
07-31-2008, 06:30 AM
Well if any of you have had this question here you go:

Exxon posts record $11.68 billion profit

World's largest publicly traded oil firm makes $11.68 billion in the quarter, but misses forecasts.

NEW YORK (CNNMoney.com) -- Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.

That profit works out to $1,485.55 a second.

That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007.

But Exxon (XOM, Fortune 500) profit fell short of Wall Street estimates.

Analysts predicted the company, the world's largest publicly traded oil firm, would make $12.1 billion in profit on $144.4 billion in revenue, according to Thomson Reuters.

Exxon shares fell about 2% in early trading on the New York Stock Exchange.

Excluding money set aside for a recent damage award related to the Valdez tanker spill back in 1989, Exxon made $11.97 billion in the quarter.

http://money.cnn.com/2008/07/31/news/companies/exxon_profits/?postversion=2008073109

smokinvette
07-31-2008, 12:25 PM
Man I thought the middle east was doing good!? Thats some serious profits :willy_nilly:

Black Label Vette
07-31-2008, 12:28 PM
I think I'm going to puke!!!!

smokinvette
07-31-2008, 12:31 PM
I think I'm going to puke!!!!


I'm right there with you bro, at least the gas companies are giving back to us with lower fuel prices!

DynamicTuningSolutions
07-31-2008, 11:17 PM
Can we just:
_iKuMVqht4U

The Don
08-01-2008, 05:26 AM
Can we just:
_iKuMVqht4U

Something lets me those bombs might blow up something we need! :rofl:

Mongo
08-01-2008, 09:42 AM
Figures! :mad5:

Harbor Master
09-07-2008, 06:27 PM
I'm right there with you bro, at least the gas companies are giving back to us with lower fuel prices!

Do you think the oil companies are giving us lower prices at the pump out of the goodness of their hearts? I don't believe that for a New York second. I believe it's politically motivated during election time. I believe the oil industry is closely aligned with the Republican Party, and need to get a republican into office. For the oil companies to prosper thay need to hold prices and get Mr McCain into office.