Exxon Mobil posts new record for profit

[friesianrider]

Sorry if this is a dupe...checked and didn't see it.

Funny how the gas prices keep rising but the oil companies strangely enough keep posting RECORD profits...*hmm*

http://news.yahoo.com/s/ap/20051027/ap_on_bi_ge/earns_exxon_mobil_5;_ylt=AkvwWvr2VxXC8cNh3Svj2nqAsnsA;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

IRVING, Texas - Exxon Mobil Corp. had a quarter for the record books. 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.

[acmavm]

1. Something seriously needs to be done about the oil companies. Like

Chavez has been doing maybe??????

[friesianrider]

3. I wish...

But with prices the way they are, and other economic factors, the American people are quite literally reaching a breaking point. If they keep pushing on prices, something has got to give...

[SoCalDem]

2. and yet, Bush has the audacity to whine about "no new refineries"

The Oil companies should be building their own..They have the money to build diamond-studded refineries with platinum piping, but by actually building more refineries, they would no longer be able to create the shortages they always seem "surprised" about :puke:..

It's like Mom fixing One cornish game hen at Thanksgiving, and then being baffled about why her 10 guests are still hungry:)

[OrlandoGator]

4. Largest quarterly profit for ANY COMPANY EVER.

Marinate on that for a little bit.

[friesianrider]

5. AND...SHELL PROFITS UP 67%, with production DOWN 11%!

Here's another. Gosh, they had to raise prices so much because of the hurricanes...yet still all oil companies are posting record profits:

http://news.yahoo.com/s/ap/20051027/ap_on_bi_ge/earns_britain_shell_3

LONDON - Royal Dutch Shell PLC, one of the world's largest oil companies, said Thursday its third-quarter profit grew 67 percent to $9.39 billion, as soaring oil prices outweighed lost production and damage to rigs from hurricanes in the Gulf of Mexico.

<snip>

Production in the quarter fell 11 percent.

[MaineYooper]

6. I am shocked, simply shocked!

</sarcasm>

Maybe * ought to send a few of his pleadings for "sacrifice" to his friends at Exxon-Mobil.

I won't be holding my breath waiting...

[electron_blue]

7. price-gouging during times of national crises

Shouldn't this be criminal?????