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What industry wants to invest big bucks when the administration is promising to get rid of that industry?
Year by year: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.”
What We Learned About the Economy This Week (Published 2022)
Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.www.nytimes.com
| 2021 | $64,202 |
| 2020 | $30,942 |
| 2019 | $53,786 |
| 2018 | $64,695 |
| 2017 | $53,352 |
| 2016 | $44,475 |
| 2015 | $53,349 |
| 2014 | $83,480 |
| 2013 | $89,755 |
| 2012 | $110,658 |
| 2011 | $106,151 |
| 2010 | $84,805 |
| 2009 | $63,998 |
2022-06-30 | $32,514 |
| 2022-03-31 | $20,317 |
| 2021-12-31 | $20,749 |
| 2021-09-30 | $17,433 |
| 2021-06-30 | $14,196 |
| 2021-03-31 | $11,824 |
| 2020-12-31 | $7,715 |
| 2020-09-30 | $7,794 |
| 2020-06-30 | $6,487 |
| 2020-03-31 | $8,946 |
| 2019-12-31 | $15,150 |
| 2019-09-30 | $13,235 |
| 2019-06-30 | $12,952 |
| 2019-03-31 | $12,449 |
| 2018-12-31 | $17,100 |
| 2018-09-30 | $17,429 |
| 2018-06-30 | $14,881 |
| 2018-03-31 | $15,285 |
| 2017-12-31 | $13,182 |
| 2017-09-30 | $13,965 |
| 2017-06-30 | $12,455 |
| 2017-03-31 | $13,750 |
| 2016-12-31 | $13,572 |
| 2016-09-30 | $11,000 |
| 2016-06-30 | $10,383 |
| 2016-03-31 | $9,520 |
| 2015-12-31 | $10,951 |
| 2015-09-30 | $13,660 |
| 2015-06-30 | $14,691 |
| 2015-03-31 | $14,047 |
| 2014-12-31 | $17,033 |
| 2014-09-30 | $21,348 |
| 2014-06-30 | $22,165 |
| 2014-03-31 | $22,934 |
| 2013-12-31 | $22,876 |
| 2013-09-30 | $22,164 |
| 2013-06-30 | $20,980 |
| 2013-03-31 | $23,735 |
| 2012-12-31 | $25,695 |
| 2012-09-30 | $25,378 |
| 2012-06-30 | $33,998 |
| 2012-03-31 | $25,587 |
| 2011-12-31 | $25,529 |
| 2011-09-30 | $27,136 |
| 2011-06-30 | $26,818 |
| 2011-03-31 | $26,668 |
| 2010-12-31 | $24,113 |
| 2010-09-30 | $20,963 |
| 2010-06-30 | $20,126 |
| 2010-03-31 | $19,603 |
| 2009-12-31 | $18,001 |
| 2009-09-30 | $16,575 |
| 2009-06-30 | $14,873 |
| 2009-03-31 | $14,549 |
What do you suggest? Let the government take over that industry?It is not in the interests of the republic that one business sector have so much control over so much in so many ways.
They know that, and it's been shown to them. Private enterprise is the scourge with them/——-/ 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.
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.”
What We Learned About the Economy This Week (Published 2022)
Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
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.”
What We Learned About the Economy This Week (Published 2022)
Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
Energy prices are high all over the globe you ignorant f-ing TWIT!Democrats are retarded baboons. The OP is repeating the stupidity of democrats in congress who scolded oil execs in 2006 because their profits increased. Their profits increase because democrats drove up the cost of energy and everyone still needs to buy that energy even at its high price.
Democrats are retarded baboons.
Katy Porter agrees!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.”
What We Learned About the Economy This Week (Published 2022)
Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
/——/ We were energy independent and exported oil until Dementia Joe screwed the pooch.Energy prices are high all over the globe you ignorant f-ing TWIT!
Doesn't have anything to do with American tribal politics.
Stop swallowing anything your right-wing programmers feed you!
/——/ We were energy independent and exported oil until Dementia Joe screwed the pooch.
Believe what you want...but here are the facts./——/ We were energy independent and exported oil until Dementia Joe screwed the pooch.
www.reuters.com
/———-/ I take the word of Institute for Energy Research over that of some insufferable twats.Believe what you want...but here are the facts.
Fact Check-Which factors determine U.S. ‘energy independence’?
As U.S. consumers experienced record high gas prices days into the Russian invasion of Ukraine, various political figures have said the United States was “energy independent” under the administration of former president Donald Trump and have criticized policy under President...
www.instituteforenergyresearch.org
Hey!/———-/ I take the word of Institute for Energy Research over that of some insufferable twats.
U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the U.S. attained the long-held goal of “energy independence”—which is not to say that we did not import or export energy, but that we produced more energy than we used.
The United States Was Energy Independent in 2019 for the First Time Since 1957
U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the…
Dumbass, US energy impacts that global price.Energy prices are high all over the globe you ignorant f-ing TWIT!
Doesn't have anything to do with American tribal politics.
Stop swallowing anything your right-wing programmers feed you!
/----/ "Your link is bullshit, coal & oil industry marketing propaganda."Hey!
Your link is bullshit, coal & oil industry marketing propaganda.
And I'll bet you didn't even know that did you?
Of course you probably could have gotten at least SOME clue to the slant of this thing by the tone of this last paragraph.
You are such a good little sheeple.
Conclusion
Despite the major push for renewable energy by environmentalists, fossil fuels still produce the majority of the energy that we consume today. Renewable energy’s share of the 2019 U.S. energy consumption market has only grown by 4 percentage points in 62 years, despite costing the taxpayer billions of dollars in subsidies. One only needs to watch the Michael Moore film, Planet of the Humans, to understand the folly in using taxpayer money to promote renewable energy, after we have finally achieved domestic energy independence.
www.forbes.com
You were drawn a picture, yet you ignore what you see and everybody else does, too, CC. Pity.Its incredible that they were able to do it really since, according to FOX and fiends...Biden shut down oil drilling.
