Exxon and Chevron rack up giant quarterly profits.

So explain why FJB is draining the Strategic Oil Reserves?

Because he is a flipping moron trying to use a squirt gun to put out a camp fire.

In 2020 the global production of oil was slashed by more than 7%. Since that time only North America has gotten back to even 2018 levels. By the middle of next year we will be above where we were in 2019 but the rest of the world will not be. And since oil if a globally traded commodity what matters is what the whole world is doing, not just the US
 
What policy of Biden's caused the price increase? Bet you can't produce one.

Stop wasting people's time here. You know fully well from previous threads and charts shown here that almost to the DAY Biden was sworn in, gasoline started an upward climb as every market in America tightened its sphincter in preparation for the butt screwing they all knew Joe was about to give them.

55153789-10594815-image-a-51_1646854480009.jpg
 
Stop wasting people's time here. You know fully well from previous threads and charts shown here that almost to the DAY Biden was sworn in, gasoline started an upward climb as every market in America tightened its sphincter in preparation for the butt screwing they all knew Joe was about to give them.

View attachment 716945
Can't produce a policy, can you?
 
Stop wasting people's time here. You know fully well from previous threads and charts shown here that almost to the DAY Biden was sworn in, gasoline started an upward climb as every market in America tightened its sphincter in preparation for the butt screwing they all knew Joe was about to give them.

View attachment 716945

Your chart has nothing to do with President Biden, and cannot correlate it to a single action taken by President Biden.
 
Anyone hear about some Right Wingers plan to sabotage a refinery? I heard something earlier. Please post it.
And here it is. Tell me why the Right Wing American Taliban are such terrorists? Did they realize the oil and energy thieves are the real culprit for high prices?

 
I know. I know. Let’s have the government determine how much profit shall be determined to be “excess” profit.

I’m sure that would be decided equitably and predicated solely on sound principles of economics.

Father Knows Best!
C11A898F-87A6-4073-8905-9B27CBE59EF3.jpeg
 
Just remember when Fox News tells you that high prices are all Biden's fault, that companies like Exxon and Chevron are merely protecting themselves from him by passing on higher costs to you. It's really Biden's fault.



Exxon Mobil and Chevron, the largest U.S. oil companies, reported on Friday a fourth consecutive quarter of robust profits on the back of high oil and natural gas prices and strong chemical and refining earnings.

But the companies remain cautious as they face uncertain future prices because of a weakening global economy and international conflict.

Exxon’s profit of $19.7 billion from operations topped the previous quarter’s $17.9 billion. The oil giant’s latest quarterly profit was nearly triple what it made in the same period last year. It cited oil and natural gas output as major contributors, along with cost cutting.

The company said its production in the Permian Basin of Texas and New Mexico was its highest ever, as was the volume of its North American refining. “The investments we’ve made, even through the pandemic, enabled us to increase production to address the needs of consumers,” Darren Woods, the chief executive, said in a statement.

The company said it was continuing a policy of disciplined investing, not budging from budget plans set before oil prices spiked following the Russian invasion of Ukraine. Mr. Woods said the company was committed to “rigorous cost control.”


You still won't acknowledge how that industry works. Must suck
 
Democrats believe their war on oil doesn't effect the price.

Oil companies are making more money because the price of their product is higher.

The 10% markup of 2.29 is lower then the 10% markup of $6.
 
He cancelled all new drilling leases, and drained the SPR to sell it for personal profit.
How much longer are you MAGAt Trumptards going to continue trying to spread this FAKE talking point?

The REAL stats on drilling lwases and production are a matter of public redord. A freakin' 5th grader could easily access the real numbers for a class assignment.

Yet....gwre you are.
Desperately clinging to tour "fake news."
And why?

It really makes you look sad and misinformed to choose to remain ignirant when real and accurate information is so easy to access these days.

By November 2021, The Biden Administration Had Already Approved More Oil And Gas Drilling Permits Than The Trump Administration Did Annually For Three Years. The Biden Administration Approved More Oil And Gas Drilling Permits In Ten Months Than The Trump Administration Approved Annually For Three Years. “The Biden administration has approved more oil and gas drilling permits on public lands per month than the Trump administration did during the first three years of Donald Trump’s presidency, according to an analysis shared exclusively with The Climate 202.” [Washington Post, 12/06/21

 
Due to Potatohead's fucked up policies and big spending Americans are racking up big losses in family income.
 
Just remember when Fox News tells you that high prices are all Biden's fault, that companies like Exxon and Chevron are merely protecting themselves from him by passing on higher costs to you. It's really Biden's fault.



Exxon Mobil and Chevron, the largest U.S. oil companies, reported on Friday a fourth consecutive quarter of robust profits on the back of high oil and natural gas prices and strong chemical and refining earnings.

But the companies remain cautious as they face uncertain future prices because of a weakening global economy and international conflict.

Exxon’s profit of $19.7 billion from operations topped the previous quarter’s $17.9 billion. The oil giant’s latest quarterly profit was nearly triple what it made in the same period last year. It cited oil and natural gas output as major contributors, along with cost cutting.

The company said its production in the Permian Basin of Texas and New Mexico was its highest ever, as was the volume of its North American refining. “The investments we’ve made, even through the pandemic, enabled us to increase production to address the needs of consumers,” Darren Woods, the chief executive, said in a statement.

The company said it was continuing a policy of disciplined investing, not budging from budget plans set before oil prices spiked following the Russian invasion of Ukraine. Mr. Woods said the company was committed to “rigorous cost control.”



Good news!!
We're gonna need them big-time for the next 30 year's AND LONGER.
 
How much longer are you MAGAt Trumptards going to continue trying to spread this FAKE talking point?

The REAL stats on drilling lwases and production are a matter of public redord. A freakin' 5th grader could easily access the real numbers for a class assignment.

Yet....gwre you are.
Desperately clinging to tour "fake news."
And why?

It really makes you look sad and misinformed to choose to remain ignirant when real and accurate information is so easy to access these days.

By November 2021, The Biden Administration Had Already Approved More Oil And Gas Drilling Permits Than The Trump Administration Did Annually For Three Years. The Biden Administration Approved More Oil And Gas Drilling Permits In Ten Months Than The Trump Administration Approved Annually For Three Years. “The Biden administration has approved more oil and gas drilling permits on public lands per month than the Trump administration did during the first three years of Donald Trump’s presidency, according to an analysis shared exclusively with The Climate 202.” [Washington Post, 12/06/21

What industry wants to invest big bucks when the administration is promising to get rid of that industry? :rolleyes-41:
It ain't rocket science, it's just common sense, something the leftwing nuts severely lacks :eusa_whistle:
 
Just remember when Fox News tells you that high prices are all Biden's fault, that companies like Exxon and Chevron are merely protecting themselves from him by passing on higher costs to you. It's really Biden's fault.



Exxon Mobil and Chevron, the largest U.S. oil companies, reported on Friday a fourth consecutive quarter of robust profits on the back of high oil and natural gas prices and strong chemical and refining earnings.

But the companies remain cautious as they face uncertain future prices because of a weakening global economy and international conflict.

Exxon’s profit of $19.7 billion from operations topped the previous quarter’s $17.9 billion. The oil giant’s latest quarterly profit was nearly triple what it made in the same period last year. It cited oil and natural gas output as major contributors, along with cost cutting.

The company said its production in the Permian Basin of Texas and New Mexico was its highest ever, as was the volume of its North American refining. “The investments we’ve made, even through the pandemic, enabled us to increase production to address the needs of consumers,” Darren Woods, the chief executive, said in a statement.

The company said it was continuing a policy of disciplined investing, not budging from budget plans set before oil prices spiked following the Russian invasion of Ukraine. Mr. Woods said the company was committed to “rigorous cost control.”


/——-/ Oil companies earn profit by supplying needed energy and employs hundreds of thousands. Actually their profit per gallon of gas is rather small compared to say an iPhone or cup of burnt coffee.
 

Forum List

Back
Top