Comments on: Exxon Strikes Record-Setting $11B Profit

Oil Giant's Revenue Rises 40 Percent In 2Q, But Fell Short Of Wall Street's Expectations

[xyno-2009]

Exxon Strikes Record-Setting $11B Profit



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Posted by jh6379 at 09:46 AM : Jul 31, 2008

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Don''t worry, the oil bubble will burst just as the tech bubble and housing bubble did. Oil has always been cyclical.

[petro49l]

Exxon Mobil''s income statement mentions that revenue for the Second Quarter 2008 was $138.1 billion showing net earnings (profit) $11.9 billion. The company should observe that capital expenditures were nearly $7 billion. When considering increases of tax payments (income, sales, and others) that the company could see reduced earnings in the Third Quarter. J.D Rockefeller said that red ink happens when costs eat away a good revenue.

[rudy654-2009]

Now just remember y''all, they is the innocent victims of that profit, ''cause they aint got no where''s to drill for oil ''cause of them thar liberals. So don''t blame them for the mega-profits. They just can''t help it! They''s needing another govment subsidy, though.

[hologram5]

Can you say, "price gouging"? And we wonder why we are paying over 4 dollars a gallon...

[hotwitch]

I''m shocked and saddened that an American Corporation is turning a profit. Isn''t that a shame? I much prefer corporations like Ford and GM that are losing billions of dollars and laying off thousands, that''s what our country needs.

[nanc12]

And McSame wants to give them more with offshore drilling. What a great idea.

[micma-2009]

It pays to buy Republicans in high places. Now that McSame has received millions from Big Oil he''s become their boy too.