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  1. #1
    Atomic Punk
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    Default Exxon Mobil profit soars 41%

    Exxon Mobil reported quarterly earnings of $10.3 billion on Thursday, a surge of 41% from a year earlier.

    Why? Higher prices for oil and natural gas.

    Profit at the world's leading oil company soared compared to the same period a year ago, when it was $7.4 billion. Per-share income climbed to $2.13 per share from $1.44 in the prior year.

    And revenue rose to $125.3 billion from $95.3 billion in the year-ago quarter, the company said.

    Exxon's stock rose 3% in premarket trading.

    Oil industry competitors also saw stock gains. Chevron Corp and BP PLC rose about 1%, while Royal Dutch Shell climbed nearly 2% and Total SA jumped 4%.

    Exxon's strong performance was still well below its record profit of $14.83 billion in the third quarter of 2008.

    Today, Exxon's profits are on track to do even better in the fourth quarter, since oil prices have increased more than 13% over the last month.

    Oil prices have been volatile, dropping precipitously during the summer. But over the last year, prices have managed an increase of 13%, largely because of increases in October and September.

    Chevron is scheduled to report third-quarter earnings on Friday. The company is expected to announce revenues of nearly $70 billion, an increase of 40% from a year ago, and net income of $6.7 billion.
    "Watch what people are cynical about, and one can often discover what they lack.Ē -- Gen. George S. Patton

  2. #2
    Hang 'Em High sickman's Avatar
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    12.16.17 @ 02:06 PM
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    Oh boy, more hearings on capital hill to waste time and not do their jobs. How about this super committee that is supposed to be coming up with spending cuts? How is that coming along?
    This will also feed right in to the Occupy people. They'll eat this shit up.
    I used to jog but the ice cubes kept falling out of my glass.

  3. #3
    Atomic Punk Dave's Dreidel's Avatar
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    12.16.17 @ 06:36 AM
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    Default

    Could you please then raise the dividend rate on your fucking stock? Pretty please?
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

    David Lee Roth did the impossible. He made Van Halen better. Deal with it!

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  4. #4
    Forum Frontman It's Mike's Avatar
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    12.16.17 @ 08:01 PM
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    Default

    Quote Originally Posted by Dave's Dreidel View Post
    Could you please then raise the dividend rate on your fucking stock? Pretty please?

  5. #5
    Romeo Delight Trojan Rubber Company's Avatar
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    Default Exxon Rates

    Quote Originally Posted by It's Mike View Post
    So next year if they have an increase in profits of say 39% they would look at that as a loss. Have to raise the prices becasue we lost money! That is the problem with Capitlaism. Its an extreme example but valid and endemic of most industries esp. the record and Film biz.

  6. #6
    Forum Frontman It's Mike's Avatar
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    Default

    Quote Originally Posted by Trojan Rubber Company View Post
    So next year if they have an increase in profits of say 39% they would look at that as a loss. Have to raise the prices becasue we lost money! That is the problem with Capitlaism. Its an extreme example but valid and endemic of most industries esp. the record and Film biz.
    no, they would look at that as record breaking profits.

  7. #7
    Atomic Punk Dave's Dreidel's Avatar
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    Default

    Quote Originally Posted by Trojan Rubber Company View Post
    So next year if they have an increase in profits of say 39% they would look at that as a loss. Have to raise the prices becasue we lost money! That is the problem with Capitlaism. Its an extreme example but valid and endemic of most industries esp. the record and Film biz.
    That is an extremely inaccurate post. That is not how it functions at all.
    Taylor Swift is nice to look at. Adele can sing.

    Emperor Brett - "I can't believe you guys are analyzing song-by-song Van Halen III? What next, analyzing the script of Stroker Ace looking for some shred of Citizen Kane?"

    David Lee Roth did the impossible. He made Van Halen better. Deal with it!

    Preferred pronouns: he/him/his

    Hurricane Halen - Let's all gingery touch our sword tips!!!

    DONATE TO THE LINKS YA CHEAP BASTARDS!!!!

 

 

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