Oct 27, 2005, 9:19 AM
Post #1 of 1
For those of you who might have missed this, since much of the conservative press is downplaying it, and so much other stuff was making headlines today.
Huge Oil Company Profits -- RECORD MAKING!
Exxon-Moble posted the largest quarterly profit EVER, in history by a US company, at a time when the world at large is suffering.
The world’s largest publicly traded oil company said Thursday high oil and natural-gas prices helped its third-quarter profit surge almost 75 percent to $9.92 billion, the largest quarterly profit for a U.S. company ever, and it was the first to ring up more than $100 billion in quarterly sales.
Net income ballooned to $9.92 billion, or $1.58 per share, from $5.68 billion, or 88 cents per share, a year ago.
If costs are going up, profit margins should go DOWN. Only the oil industry can claim shortages,
supply problems, rising costs, and turn a HUGE PROFIT on the backs of the consumer, the country,
and the world.
If you'd like to see just where your gas and oil money is going, check this out:
This slide show was sent to me. You need the free Microsoft Power Point Viewer to view it.
Note:You may need to right-click on the link, and save it to your computer, or answer "save" to the download prompt. Some of the viewers seem to look for the old style file name. The file *is* good, and does download, and really should be seen by the American people.
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