Haha, I'll steal CGM thunder: Exxon reports record profits

Parent Cafe
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<p>another way to stop is end the energy addiction</p>

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<p>Oil companies operate in a more difficult competitive field than many other companies. How many companies really compete with Microsoft, EBay, or even Starbucks. Nobody gets too upset when they announce their annual record profits.</p>

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<p><a href=“http://seattlepi.nwsource.com/local/257410_valdez28.html?source=rss[/url]”>http://seattlepi.nwsource.com/local/257410_valdez28.html?source=rss&lt;/a&gt;&lt;/p&gt;

<p>this is how swell exxon is</p>

<p>and if starbucks sells coffee at $5.00 a cup, we can not buy it, but my neighbor needs her car to go to the doctor</p>

<p>and you need your shipments of milk and bread, and truckers need to work</p>

<p>the OIL industry affects almost every other industry, to ignore that is to be naive</p>

<p>as for energy addiction, i agree, but oil is used to make plastics, run plants, deliver goods, fly planes, etc</p>

<p>and it seems when we do cut back, they raise the prices to balance the lost</p>

<p>wow, how do we win</p>

<p>I don’t own an suv, but my husband owns two trucks for his business, those high gas prices hurt him, as it hurt many others</p>

<p>but what the heck, the more moeny exxon makes the better we all are right?</p>

<p>hey, how come no one wants to talk about how they made a profit in a time of national disastor and war? come on…don’t hide behind capitalism, you can be a captilist and still be patriotic, but guess money is more important than your country</p>

<p>not suprised</p>

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<p><a href=“http://seattlepi.nwsource.com/local/257410_valdez28.html?source=rss[/url]”>http://seattlepi.nwsource.com/local/257410_valdez28.html?source=rss&lt;/a&gt;&lt;/p&gt;

<p>they want their money back for screwing up Alaska</p>

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<p>Woohoo as you say. I am a stockholder and am really happy that Exxon made a record profit. Not only have my stocks increased in value, but they have also announced a raise in dividends to disburse to millions of people who own the stocks. And, you also implied that our fathers and grandfathers are shouldering the burden. Well, actually, No, they are stockholders in Exxon as well. </p>

<p>Exxon is not owned by some Fat Cat Oil Barron, it is owned by millions of Americans who are lucky to have invested in the stock. And, my country is important to me, but sending my children to college is important as well, and that is why I made wise investments when I could.</p>

<p>Last quarter, pharmaceutical and bank stocks earned more per capitol dollar than the oil companies. Are they taking advantage of Katrina and the Iraq war as well?</p>

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<p>CGM, out of curiosity, is there ANY company you like?</p>

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<p>CGM, forgot to provide a link for you:</p>

<p><a href=“http://talk.collegeconfidential.com/showthread.php?t=143044[/url]”>http://talk.collegeconfidential.com/showthread.php?t=143044&lt;/a&gt;&lt;/p&gt;

<p>Since Exxon must be on your banned list, an option that seems to fit your taste is CITGO or 7-11 gas stations. I’m sure that that the benevolent Chavez will appreciate the business and the fact that the money is staying in the … family.</p>

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<p>CGM, feel free to start your own non-profit oil company. We’ll see how that works for you. I’ll stick with the majors although I prefer Shell over Exxon.</p>

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<p>Shell is better - better detergent package.</p>

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<p>Yup, Shell or Chevron.</p>

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<p>Chevron posts record profits as well:
<a href=“http://www.msnbc.msn.com/id/11058661/from/RS.5/[/url]”>http://www.msnbc.msn.com/id/11058661/from/RS.5/&lt;/a&gt;&lt;/p&gt;

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<p>I am not opposed to Exxon making the profits they do, but why are they allowed to cry about an underfunded pension fund, when the profits from just one quarter of the year would fix the problem for once and for all. But, they can keep the profits separately, and we taxpayers will end up picking up the tab, just like for United and others. But at least United was losing money.</p>

<p>I don’t understand how a company can do this. What if I made a record salary this year, but wouldn’t pay my overdue rent and asked for welfare to pay it.</p>

<p>I don’t understand.</p>

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<p>This is a news to me. I haven’t heard any oil companies crying about their pension funds or even talking about eliminating their defined benefit plans.</p>

<p>IBM, Verizon etc despite their record profits are going to eliminate their defined benefit pension plants.</p>

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<p>Oil is a declining resource, those who produce are going to continue to make a lot of money since their is soaring demand.</p>

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<p>WHAT!?…
…you mean that whole “supply and demand” thing was true! I’d figured it for an urban legend;)</p>