Quote:
Originally Posted by ADL Colin
It won't just be one. "Exxon Mobil profit falls 33% on lower oil price"
No, think whatever you want about energy companies. Everyone has different perspectives, interests and life experiences. Because of that some people will have positive views of energy companies and others negative. energy companies helped me to substantially beat the market the past few years. My view is pretty positive.
My only point is that Exxon and Conoco are not capable of keeping oil prices high enough to continue to have record oil prices. I wouldn't say they have ZERO influence but compared to the real players out there; the nationals; they are pretty small.
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Right... 33% lower in 4th quarter... but up over 5 billion over all.
Don't just take a portion of the news to spin to your advantage.
Exxon posted record profits AGAIN... who did they beat? themselves.
They made over $45.8 billion last year. In one year!!
Let's say that number isn't as high next year due to gas prices, it will still likely be higher than the number when they broke the record 2 or 3 years ago.
Is that supposed to make us feel better about it? That they're not so bad?