Exxon CEO for Secretary of State?

[OldLady]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

What's going on with suddenly MORE people in the running? When Trump took that call from Taiwan did some of the earlier "semifinalists" say No thanks, buddy?

 

[NightFox]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

*YAWN*, what industry experiences are on your approved list for being a potential cabinet member choice?

What could Trump do that you wouldn't blindly support?

We all know the answer to this.

Yeah, same answer you have for everyone that doesn't adhere to the letter of gub'mint worshiper orthodoxy, must be a RACIST,MYSOGINST, or whatever the flavor of "ist" happens to be this month.

Which is convenient for you folks, since you never have to use your atrophied brains to formulate an actual argument.

 

[Wyatt earp]

Here is 10 of them.



10 companies profiting the most from war
Samuel Weigley, 24/7 Wall St.6:17 p.m. EDT March 10, 2013

(Photo: U.S. Navy via Getty Images)
STORY HIGHLIGHTS

​

• 
  
  
  • The business of war continues to be profitable
  • Defense contractors look overseas to offset budget cuts at home
  • Most arms makers also produce non-military goods and services

The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a list of the top 100 arms-producing and military services companies in 2011 compiled by the Stockholm International Peace Research Institute (SIPRI), 24/7 Wall St. reviewed the 10 companies with the most military sales worldwide.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest military budget in the world. In 2000, the U.S. defense budget was approximately $312 billion. By 2011, the figure had grown to $712 billion. Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among the top 100 companies grew by 51%.
However, the trend has recently reversed. In 2011, the top 100 arms dealers sold 5% less compared to 2010. Susan Jackson, a SIPRI defense expert, said in an email to 24/7 Wall St. that austerity measures in Western Europe and the U.S. have delayed or slowed the procurement of different weapons systems. Austerity concerns have exacerbated matters. Federal budget cuts that took effect in March mean military spending could contract by more than $500 billion over the coming decade unless policymakers negotiate a pullback on the mandated cuts.
In addition, the U.S.' involvement in conflicts abroad continue to wind down. The last American convoy in Iraq left the country in December 2011. Troop withdrawals from Afghanistan also began in 2011. Finally, SIPRI pointed out sanctions on arms transfers to Libya have contributed to declining arms sales.
Many defense contractors are looking overseas to make up for slowing sales in the U.S. and Europe. Arms producers are especially keen on Latin America, the Middle East and parts of Asia, Jackson said. For instance, BAE is securing contracts with Saudi Arabia. Meanwhile, the chief financial officer of Northrop Grumman has recently indicated his company may sell its Global Hawk airplane to South Korea or Japan.
Based on the SIPRI report, 24/7 Wall St. reviewed the 10 biggest weapons companies. Arms were defined as sales to military customers, either for procurement or for export, but do not include sales of general purpose items, such as oil or computer equipment. We looked at sales figures for two years through 2011, among other metrics. Here are the 10 companies that profit the most from war:
10. United Technologies (UTX) -- aircraft, electronics, engines
Arm sales: $11.6 billion, total sales: $58.2 billion
Gross profit: $5.3 billion, total workforce: 199,900
United Technologies makes a wide range of arms — notably military helicopters, including the Black Hawk helicopter for the U.S. Army and the Seahawk helicopter for the U.S. Navy. The company was the biggest employer in the top 10 though arms sales accounted for just 20% of revenue. UTX also produces elevators, escalators, air-conditioners and refrigerators. International sales comprised 60% of the company's revenue in 2012.
9. L-3 Communications (LLL) -- electronics
Arm sales: $12.5 billion, total sales: $15.2 billion
Gross profit: $956 million, total workforce: 61,000
Some 83% of L-3 Communications sales in 2011 came from arms sales, but this was down from what it sold the prior year. The company has four business segments: electronic systems; aircraft modernization and maintenance; national security solutions; and command, control, communications, intelligence, surveillance and reconnaissance. Among many products manufactured, the company has become a major provider of unmanned aircraft systems.
8. Finmeccanica -- aircraft, artillery, engines, electronics, vehicles and missiles
Arms sales, $14.6 billion, total sales: $24.1 billion
Gross profit: $ -3.2 billion, total workforce: 70,470
Italian company Finmeccanica makes a wide range of arms, including helicopters and security electronics. Nearly 60% of the company's sales in 2011 were in arms. Finmeccanica lost $3.2 billion in 2011. The Italian company is currently fending off allegation that it paid bribes to win an approximately $750 million contract to provide 12 military helicopters to the Indian government in 2010. The then-head of the company, Giuseppe Orsi, was arrested in February but has denied wrongdoing. Other executives, including the head of the company's helicopter unit, have been replaced, and the company has delayed the release of recent financial results.
7. EADS -- aircraft, electronics, missiles and space
Arm sales: $16.4 billion, total sales: $68.3 billion
Gross profit: $1.4 billion, total workforce: 133,120
The European Aeronautic Defense and Space Company (EADS), based in the Netherlands, had sales in 2011 roughly in line with the prior year. Arms sales comprised just 24% of the company's revenue. EADS and BAE Systemsunsuccessfully attempted to merge for $45 billion in 2012, which would have created the world's largest aerospace company. The deal collapsed in October after German Chancellor Angela Merkel expressed concerns about the merger.
6. Northrop Grumman (NOC) -- aircraft, electronics, missiles, ships, space
Arm sales: $21.4 billion, total sales: $26.4 billion
Gross profit: $2.1 billion, total workforce: 72,500
Northrop Grumman's 2011 arms sales comprised about 81% of total sales even after a sharp decline in arms sales year over year. The company attributed the decline to reduced government spending on defense projects. Nevertheless, the company was more profitable than in the prior year.
5. Raytheon (RTN) -- electronics, missiles
Arm sales: $22.5 billion, total sales: $24.9 billion
Gross profit: $1.9 billion, total workforce: 71,000
Raytheon, based in Waltham, Mass., is one of the largest defense contractors in the U.S. The company makes the Tomahawk Cruise Missile, among others. Arms sales comprised about 90% of the company's sales in 2011 though they as a total they were lower than in the prior year. The slide hasn't let up. Total sales in 2012 fell 1.5%, and Raytheon is expecting sales to fall 3% in 2013, a projection which doesn't take into account the effects of mandated budget cuts. The company can rely on overseas customers to somewhat offset weak sales at home. As of January, approximately 40% of the company's backlog was booked overseas. The company expects approximately a 5% increase in international sales in 2013.
4. General Dynamics (GD) -- artillery, electronics, vehicles, small arms, ships
Arm sales: $23.8 billion, total sales: $32.7 billion
Gross profit: $2.5 billion, total workforce: 95,100
With 18,000 transactions in 2011, General Dynamics was the third-largest contractor to the U.S. government. Of those contracts, approximately $12.9 billion worth went to the Navy, while an additional $4.6 billion went to the Army. The company's arms sales in 2011 comprised 73% of total sales. Arms sales in 2011 were slightly below 2010 levels. The company makes a host of products, including electric boats, tracked and wheeled military vehicles, and battle tanks. The company announced layoffs in early March, blaming mandated federal budget cuts.
3. BAE Systems -- aircraft, artillery, electronics, vehicles, missiles, ships
Arm sales: $29.2 billion, total sales: $30.7 billion
Gross profit: $2.3 billion, total workforce: 93,500
BAE Systems was the largest non-U.S. company based on arms sales. Arms sales represented 95% of the company's total sales in 2011 even though they were lower as a total of overall sales compared to the prior year. The products BAE sells include the L-ROD Bar Armor System that shields defense vehicles and the Hawk Advanced Jet Trainer that provides sophisticated simulation training for military pilots. In 2013, the company said its growth would likely come from outside the U.S. and Great Britain — its home market. BAE noted that its outlook for those two countries was "constrained," likely due to the diminished presence in international conflicts and government budget cuts.
2. Boeing (BA) -- aircraft, electronics, missiles, space
Arm sales: $31.8 billion, total sales: $68.7 billion
Gross profit: $4 billion, total workforce: 171,700
Boeing was the second-largest U.S. government contractor in 2011, with about $21.5 billion worth of goods contracted. The Chicago-based company makes a wide range of arms, including strategic missile systems, laser and electro-optical systems and global positioning systems. Despite all these technologies, just 46% of the company's total sales of $68.7 billion in 2011 came from arms. Boeing is the largest commercial airplane manufacturer in the world, making planes such as the 747, 757 and recently, the 787 Dreamliner. The company is also known for its space technology — Boeing had $1 billion worth of contracts with NASA in 2011.
1. Lockheed Martin (LMT) -- aircraft, electronics, missiles, space
Arm sales:$36.3 billion, total sales: $46.5 billion
Gross profit: $2.7 billion, total workforce, 123,000
Lockheed Martin notched $36.3 billion in sales in 2011, slightly higher than the $35.7 billion the company sold in 2010. The arms sales comprised 78% of the company's total 2011 sales. Lockheed makes a wide range of products, including aircraft, missiles, unmanned systems and radar systems. The company and its employees have been concerned about the effects of the "fiscal cliff" and sequestration, the latter of which includes significant cuts to the U.S. Department of Defense. In the fall of 2012, the company planned on issuing layoff notices to all employees before backing down at the White House's request.
24/7 Wall St.com is a financial news and analy​

We are talking oil


Stewart Can’t Believe China Got Iraq Oil: Bush Bombed And Invaded Them And This Is How They Repay Us?!

 

[Wyatt earp]

Here is 10 of them.



10 companies profiting the most from war
Samuel Weigley, 24/7 Wall St.6:17 p.m. EDT March 10, 2013

(Photo: U.S. Navy via Getty Images)
STORY HIGHLIGHTS

​

• 
  
  
  • The business of war continues to be profitable
  • Defense contractors look overseas to offset budget cuts at home
  • Most arms makers also produce non-military goods and services

The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a list of the top 100 arms-producing and military services companies in 2011 compiled by the Stockholm International Peace Research Institute (SIPRI), 24/7 Wall St. reviewed the 10 companies with the most military sales worldwide.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest military budget in the world. In 2000, the U.S. defense budget was approximately $312 billion. By 2011, the figure had grown to $712 billion. Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among the top 100 companies grew by 51%.
However, the trend has recently reversed. In 2011, the top 100 arms dealers sold 5% less compared to 2010. Susan Jackson, a SIPRI defense expert, said in an email to 24/7 Wall St. that austerity measures in Western Europe and the U.S. have delayed or slowed the procurement of different weapons systems. Austerity concerns have exacerbated matters. Federal budget cuts that took effect in March mean military spending could contract by more than $500 billion over the coming decade unless policymakers negotiate a pullback on the mandated cuts.
In addition, the U.S.' involvement in conflicts abroad continue to wind down. The last American convoy in Iraq left the country in December 2011. Troop withdrawals from Afghanistan also began in 2011. Finally, SIPRI pointed out sanctions on arms transfers to Libya have contributed to declining arms sales.
Many defense contractors are looking overseas to make up for slowing sales in the U.S. and Europe. Arms producers are especially keen on Latin America, the Middle East and parts of Asia, Jackson said. For instance, BAE is securing contracts with Saudi Arabia. Meanwhile, the chief financial officer of Northrop Grumman has recently indicated his company may sell its Global Hawk airplane to South Korea or Japan.
Based on the SIPRI report, 24/7 Wall St. reviewed the 10 biggest weapons companies. Arms were defined as sales to military customers, either for procurement or for export, but do not include sales of general purpose items, such as oil or computer equipment. We looked at sales figures for two years through 2011, among other metrics. Here are the 10 companies that profit the most from war:
10. United Technologies (UTX) -- aircraft, electronics, engines
Arm sales: $11.6 billion, total sales: $58.2 billion
Gross profit: $5.3 billion, total workforce: 199,900
United Technologies makes a wide range of arms — notably military helicopters, including the Black Hawk helicopter for the U.S. Army and the Seahawk helicopter for the U.S. Navy. The company was the biggest employer in the top 10 though arms sales accounted for just 20% of revenue. UTX also produces elevators, escalators, air-conditioners and refrigerators. International sales comprised 60% of the company's revenue in 2012.
9. L-3 Communications (LLL) -- electronics
Arm sales: $12.5 billion, total sales: $15.2 billion
Gross profit: $956 million, total workforce: 61,000
Some 83% of L-3 Communications sales in 2011 came from arms sales, but this was down from what it sold the prior year. The company has four business segments: electronic systems; aircraft modernization and maintenance; national security solutions; and command, control, communications, intelligence, surveillance and reconnaissance. Among many products manufactured, the company has become a major provider of unmanned aircraft systems.
8. Finmeccanica -- aircraft, artillery, engines, electronics, vehicles and missiles
Arms sales, $14.6 billion, total sales: $24.1 billion
Gross profit: $ -3.2 billion, total workforce: 70,470
Italian company Finmeccanica makes a wide range of arms, including helicopters and security electronics. Nearly 60% of the company's sales in 2011 were in arms. Finmeccanica lost $3.2 billion in 2011. The Italian company is currently fending off allegation that it paid bribes to win an approximately $750 million contract to provide 12 military helicopters to the Indian government in 2010. The then-head of the company, Giuseppe Orsi, was arrested in February but has denied wrongdoing. Other executives, including the head of the company's helicopter unit, have been replaced, and the company has delayed the release of recent financial results.
7. EADS -- aircraft, electronics, missiles and space
Arm sales: $16.4 billion, total sales: $68.3 billion
Gross profit: $1.4 billion, total workforce: 133,120
The European Aeronautic Defense and Space Company (EADS), based in the Netherlands, had sales in 2011 roughly in line with the prior year. Arms sales comprised just 24% of the company's revenue. EADS and BAE Systemsunsuccessfully attempted to merge for $45 billion in 2012, which would have created the world's largest aerospace company. The deal collapsed in October after German Chancellor Angela Merkel expressed concerns about the merger.
6. Northrop Grumman (NOC) -- aircraft, electronics, missiles, ships, space
Arm sales: $21.4 billion, total sales: $26.4 billion
Gross profit: $2.1 billion, total workforce: 72,500
Northrop Grumman's 2011 arms sales comprised about 81% of total sales even after a sharp decline in arms sales year over year. The company attributed the decline to reduced government spending on defense projects. Nevertheless, the company was more profitable than in the prior year.
5. Raytheon (RTN) -- electronics, missiles
Arm sales: $22.5 billion, total sales: $24.9 billion
Gross profit: $1.9 billion, total workforce: 71,000
Raytheon, based in Waltham, Mass., is one of the largest defense contractors in the U.S. The company makes the Tomahawk Cruise Missile, among others. Arms sales comprised about 90% of the company's sales in 2011 though they as a total they were lower than in the prior year. The slide hasn't let up. Total sales in 2012 fell 1.5%, and Raytheon is expecting sales to fall 3% in 2013, a projection which doesn't take into account the effects of mandated budget cuts. The company can rely on overseas customers to somewhat offset weak sales at home. As of January, approximately 40% of the company's backlog was booked overseas. The company expects approximately a 5% increase in international sales in 2013.
4. General Dynamics (GD) -- artillery, electronics, vehicles, small arms, ships
Arm sales: $23.8 billion, total sales: $32.7 billion
Gross profit: $2.5 billion, total workforce: 95,100
With 18,000 transactions in 2011, General Dynamics was the third-largest contractor to the U.S. government. Of those contracts, approximately $12.9 billion worth went to the Navy, while an additional $4.6 billion went to the Army. The company's arms sales in 2011 comprised 73% of total sales. Arms sales in 2011 were slightly below 2010 levels. The company makes a host of products, including electric boats, tracked and wheeled military vehicles, and battle tanks. The company announced layoffs in early March, blaming mandated federal budget cuts.
3. BAE Systems -- aircraft, artillery, electronics, vehicles, missiles, ships
Arm sales: $29.2 billion, total sales: $30.7 billion
Gross profit: $2.3 billion, total workforce: 93,500
BAE Systems was the largest non-U.S. company based on arms sales. Arms sales represented 95% of the company's total sales in 2011 even though they were lower as a total of overall sales compared to the prior year. The products BAE sells include the L-ROD Bar Armor System that shields defense vehicles and the Hawk Advanced Jet Trainer that provides sophisticated simulation training for military pilots. In 2013, the company said its growth would likely come from outside the U.S. and Great Britain — its home market. BAE noted that its outlook for those two countries was "constrained," likely due to the diminished presence in international conflicts and government budget cuts.
2. Boeing (BA) -- aircraft, electronics, missiles, space
Arm sales: $31.8 billion, total sales: $68.7 billion
Gross profit: $4 billion, total workforce: 171,700
Boeing was the second-largest U.S. government contractor in 2011, with about $21.5 billion worth of goods contracted. The Chicago-based company makes a wide range of arms, including strategic missile systems, laser and electro-optical systems and global positioning systems. Despite all these technologies, just 46% of the company's total sales of $68.7 billion in 2011 came from arms. Boeing is the largest commercial airplane manufacturer in the world, making planes such as the 747, 757 and recently, the 787 Dreamliner. The company is also known for its space technology — Boeing had $1 billion worth of contracts with NASA in 2011.
1. Lockheed Martin (LMT) -- aircraft, electronics, missiles, space
Arm sales:$36.3 billion, total sales: $46.5 billion
Gross profit: $2.7 billion, total workforce, 123,000
Lockheed Martin notched $36.3 billion in sales in 2011, slightly higher than the $35.7 billion the company sold in 2010. The arms sales comprised 78% of the company's total 2011 sales. Lockheed makes a wide range of products, including aircraft, missiles, unmanned systems and radar systems. The company and its employees have been concerned about the effects of the "fiscal cliff" and sequestration, the latter of which includes significant cuts to the U.S. Department of Defense. In the fall of 2012, the company planned on issuing layoff notices to all employees before backing down at the White House's request.
24/7 Wall St.com is a financial news and analy​

We are talking oil


Stewart Can’t Believe China Got Iraq Oil: Bush Bombed And Invaded Them And This Is How They Repay Us?!

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U.S. Companies Shut Out as Iraq Auctions Its Oil Fields

• Share
• Read Later

Essam Al-Sudani / AFP / Getty
Iraqi workers walk through part of the Halfaya oil field near the southern city of Amara on December 12, 2009.

Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil contracts went to two countries which bitterly opposed the U.S. invasion — Russia and China — while even Total Oil of France, which led the charge to deny international approval for the war at the U.N. Security Council in 2003, won a bigger stake than the Americans in the most recent auction. "[The distribution of oil contracts] certainly answers the theory that the war was for the benefit of big U.S. oil interests," says Alex Munton, Middle East oil analyst for the energy consultancy Wood Mackenzie, whose clients include major U.S. companies. "That has not been demonstrated by what has happened this week."

 

[TNHarley]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

What's going on with suddenly MORE people in the running? When Trump took that call from Taiwan did some of the earlier "semifinalists" say No thanks, buddy?

 

[Wyatt earp]

Here is 10 of them.



10 companies profiting the most from war
Samuel Weigley, 24/7 Wall St.6:17 p.m. EDT March 10, 2013

(Photo: U.S. Navy via Getty Images)
STORY HIGHLIGHTS

​

• 
  
  
  • The business of war continues to be profitable
  • Defense contractors look overseas to offset budget cuts at home
  • Most arms makers also produce non-military goods and services

The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a list of the top 100 arms-producing and military services companies in 2011 compiled by the Stockholm International Peace Research Institute (SIPRI), 24/7 Wall St. reviewed the 10 companies with the most military sales worldwide.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest military budget in the world. In 2000, the U.S. defense budget was approximately $312 billion. By 2011, the figure had grown to $712 billion. Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among the top 100 companies grew by 51%.
However, the trend has recently reversed. In 2011, the top 100 arms dealers sold 5% less compared to 2010. Susan Jackson, a SIPRI defense expert, said in an email to 24/7 Wall St. that austerity measures in Western Europe and the U.S. have delayed or slowed the procurement of different weapons systems. Austerity concerns have exacerbated matters. Federal budget cuts that took effect in March mean military spending could contract by more than $500 billion over the coming decade unless policymakers negotiate a pullback on the mandated cuts.
In addition, the U.S.' involvement in conflicts abroad continue to wind down. The last American convoy in Iraq left the country in December 2011. Troop withdrawals from Afghanistan also began in 2011. Finally, SIPRI pointed out sanctions on arms transfers to Libya have contributed to declining arms sales.
Many defense contractors are looking overseas to make up for slowing sales in the U.S. and Europe. Arms producers are especially keen on Latin America, the Middle East and parts of Asia, Jackson said. For instance, BAE is securing contracts with Saudi Arabia. Meanwhile, the chief financial officer of Northrop Grumman has recently indicated his company may sell its Global Hawk airplane to South Korea or Japan.
Based on the SIPRI report, 24/7 Wall St. reviewed the 10 biggest weapons companies. Arms were defined as sales to military customers, either for procurement or for export, but do not include sales of general purpose items, such as oil or computer equipment. We looked at sales figures for two years through 2011, among other metrics. Here are the 10 companies that profit the most from war:
10. United Technologies (UTX) -- aircraft, electronics, engines
Arm sales: $11.6 billion, total sales: $58.2 billion
Gross profit: $5.3 billion, total workforce: 199,900
United Technologies makes a wide range of arms — notably military helicopters, including the Black Hawk helicopter for the U.S. Army and the Seahawk helicopter for the U.S. Navy. The company was the biggest employer in the top 10 though arms sales accounted for just 20% of revenue. UTX also produces elevators, escalators, air-conditioners and refrigerators. International sales comprised 60% of the company's revenue in 2012.
9. L-3 Communications (LLL) -- electronics
Arm sales: $12.5 billion, total sales: $15.2 billion
Gross profit: $956 million, total workforce: 61,000
Some 83% of L-3 Communications sales in 2011 came from arms sales, but this was down from what it sold the prior year. The company has four business segments: electronic systems; aircraft modernization and maintenance; national security solutions; and command, control, communications, intelligence, surveillance and reconnaissance. Among many products manufactured, the company has become a major provider of unmanned aircraft systems.
8. Finmeccanica -- aircraft, artillery, engines, electronics, vehicles and missiles
Arms sales, $14.6 billion, total sales: $24.1 billion
Gross profit: $ -3.2 billion, total workforce: 70,470
Italian company Finmeccanica makes a wide range of arms, including helicopters and security electronics. Nearly 60% of the company's sales in 2011 were in arms. Finmeccanica lost $3.2 billion in 2011. The Italian company is currently fending off allegation that it paid bribes to win an approximately $750 million contract to provide 12 military helicopters to the Indian government in 2010. The then-head of the company, Giuseppe Orsi, was arrested in February but has denied wrongdoing. Other executives, including the head of the company's helicopter unit, have been replaced, and the company has delayed the release of recent financial results.
7. EADS -- aircraft, electronics, missiles and space
Arm sales: $16.4 billion, total sales: $68.3 billion
Gross profit: $1.4 billion, total workforce: 133,120
The European Aeronautic Defense and Space Company (EADS), based in the Netherlands, had sales in 2011 roughly in line with the prior year. Arms sales comprised just 24% of the company's revenue. EADS and BAE Systemsunsuccessfully attempted to merge for $45 billion in 2012, which would have created the world's largest aerospace company. The deal collapsed in October after German Chancellor Angela Merkel expressed concerns about the merger.
6. Northrop Grumman (NOC) -- aircraft, electronics, missiles, ships, space
Arm sales: $21.4 billion, total sales: $26.4 billion
Gross profit: $2.1 billion, total workforce: 72,500
Northrop Grumman's 2011 arms sales comprised about 81% of total sales even after a sharp decline in arms sales year over year. The company attributed the decline to reduced government spending on defense projects. Nevertheless, the company was more profitable than in the prior year.
5. Raytheon (RTN) -- electronics, missiles
Arm sales: $22.5 billion, total sales: $24.9 billion
Gross profit: $1.9 billion, total workforce: 71,000
Raytheon, based in Waltham, Mass., is one of the largest defense contractors in the U.S. The company makes the Tomahawk Cruise Missile, among others. Arms sales comprised about 90% of the company's sales in 2011 though they as a total they were lower than in the prior year. The slide hasn't let up. Total sales in 2012 fell 1.5%, and Raytheon is expecting sales to fall 3% in 2013, a projection which doesn't take into account the effects of mandated budget cuts. The company can rely on overseas customers to somewhat offset weak sales at home. As of January, approximately 40% of the company's backlog was booked overseas. The company expects approximately a 5% increase in international sales in 2013.
4. General Dynamics (GD) -- artillery, electronics, vehicles, small arms, ships
Arm sales: $23.8 billion, total sales: $32.7 billion
Gross profit: $2.5 billion, total workforce: 95,100
With 18,000 transactions in 2011, General Dynamics was the third-largest contractor to the U.S. government. Of those contracts, approximately $12.9 billion worth went to the Navy, while an additional $4.6 billion went to the Army. The company's arms sales in 2011 comprised 73% of total sales. Arms sales in 2011 were slightly below 2010 levels. The company makes a host of products, including electric boats, tracked and wheeled military vehicles, and battle tanks. The company announced layoffs in early March, blaming mandated federal budget cuts.
3. BAE Systems -- aircraft, artillery, electronics, vehicles, missiles, ships
Arm sales: $29.2 billion, total sales: $30.7 billion
Gross profit: $2.3 billion, total workforce: 93,500
BAE Systems was the largest non-U.S. company based on arms sales. Arms sales represented 95% of the company's total sales in 2011 even though they were lower as a total of overall sales compared to the prior year. The products BAE sells include the L-ROD Bar Armor System that shields defense vehicles and the Hawk Advanced Jet Trainer that provides sophisticated simulation training for military pilots. In 2013, the company said its growth would likely come from outside the U.S. and Great Britain — its home market. BAE noted that its outlook for those two countries was "constrained," likely due to the diminished presence in international conflicts and government budget cuts.
2. Boeing (BA) -- aircraft, electronics, missiles, space
Arm sales: $31.8 billion, total sales: $68.7 billion
Gross profit: $4 billion, total workforce: 171,700
Boeing was the second-largest U.S. government contractor in 2011, with about $21.5 billion worth of goods contracted. The Chicago-based company makes a wide range of arms, including strategic missile systems, laser and electro-optical systems and global positioning systems. Despite all these technologies, just 46% of the company's total sales of $68.7 billion in 2011 came from arms. Boeing is the largest commercial airplane manufacturer in the world, making planes such as the 747, 757 and recently, the 787 Dreamliner. The company is also known for its space technology — Boeing had $1 billion worth of contracts with NASA in 2011.
1. Lockheed Martin (LMT) -- aircraft, electronics, missiles, space
Arm sales:$36.3 billion, total sales: $46.5 billion
Gross profit: $2.7 billion, total workforce, 123,000
Lockheed Martin notched $36.3 billion in sales in 2011, slightly higher than the $35.7 billion the company sold in 2010. The arms sales comprised 78% of the company's total 2011 sales. Lockheed makes a wide range of products, including aircraft, missiles, unmanned systems and radar systems. The company and its employees have been concerned about the effects of the "fiscal cliff" and sequestration, the latter of which includes significant cuts to the U.S. Department of Defense. In the fall of 2012, the company planned on issuing layoff notices to all employees before backing down at the White House's request.
24/7 Wall St.com is a financial news and analy​

We are talking oil


Stewart Can’t Believe China Got Iraq Oil: Bush Bombed And Invaded Them And This Is How They Repay Us?!

The following is a list of International Oil Companies (IOCs) operating in Iraq under licences granted by the Ministry of Oil in Baghdad:

• Bashneft
• BP
• China National Offshore Oil Corporation (CNOOC)
• China National Petroleum Corporation (CNPC)
• Dragon Oil
• Egyptian General Petroleum Corporation (EGPC)
• Eni
• ExxonMobil
• Gazprom
• Inpex
• Japan Petroleum Exploration Company (Japex)
• Kogas (Korea Gas Corporation)
• Kuwait Energy (KEC)
• Lukoil
• Occidental Petroleum
• Pakistan Petroleum
• Pertamina
• PetroChina
• Petronas
• Premier Oil
• Shell
• Total
• Türkiye Petrolleri Anonim Ortaklığı (TPAO)

 

[NYcarbineer]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

You know it highlarious watching you lefties go batshit crazy every time there is a new rumored cabinet member in the Trump administration. I wonder how many blood vessels a human can have burst before they go full retard.

The press must be camping out at Trump tower reporting on everyone who enters. OH NO's some random guy nobody ever heard of for Secretary of Agriculture we are all going to die horrible deaths from food poisoning. Ha ha highlarious.

Your plaintive cry to 'leave Mr. Trump alone!' is noted.

 

[Iceweasel]

Here is 10 of them.

Here are.

However, the government doesn't build things, they contract it out so it's meaningless to point to the contractors to assign any blame. But thanks for the windshit anyway.

 

[NYcarbineer]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

*YAWN*, what industry experiences are on your approved list for being a potential cabinet member choice?

Government experience in international affairs.

 

[Care4all]

Here is 10 of them.



10 companies profiting the most from war
Samuel Weigley, 24/7 Wall St.6:17 p.m. EDT March 10, 2013

(Photo: U.S. Navy via Getty Images)
STORY HIGHLIGHTS

​

• 
  
  
  • The business of war continues to be profitable
  • Defense contractors look overseas to offset budget cuts at home
  • Most arms makers also produce non-military goods and services

The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a list of the top 100 arms-producing and military services companies in 2011 compiled by the Stockholm International Peace Research Institute (SIPRI), 24/7 Wall St. reviewed the 10 companies with the most military sales worldwide.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest military budget in the world. In 2000, the U.S. defense budget was approximately $312 billion. By 2011, the figure had grown to $712 billion. Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among the top 100 companies grew by 51%.
However, the trend has recently reversed. In 2011, the top 100 arms dealers sold 5% less compared to 2010. Susan Jackson, a SIPRI defense expert, said in an email to 24/7 Wall St. that austerity measures in Western Europe and the U.S. have delayed or slowed the procurement of different weapons systems. Austerity concerns have exacerbated matters. Federal budget cuts that took effect in March mean military spending could contract by more than $500 billion over the coming decade unless policymakers negotiate a pullback on the mandated cuts.
In addition, the U.S.' involvement in conflicts abroad continue to wind down. The last American convoy in Iraq left the country in December 2011. Troop withdrawals from Afghanistan also began in 2011. Finally, SIPRI pointed out sanctions on arms transfers to Libya have contributed to declining arms sales.
Many defense contractors are looking overseas to make up for slowing sales in the U.S. and Europe. Arms producers are especially keen on Latin America, the Middle East and parts of Asia, Jackson said. For instance, BAE is securing contracts with Saudi Arabia. Meanwhile, the chief financial officer of Northrop Grumman has recently indicated his company may sell its Global Hawk airplane to South Korea or Japan.
Based on the SIPRI report, 24/7 Wall St. reviewed the 10 biggest weapons companies. Arms were defined as sales to military customers, either for procurement or for export, but do not include sales of general purpose items, such as oil or computer equipment. We looked at sales figures for two years through 2011, among other metrics. Here are the 10 companies that profit the most from war:
10. United Technologies (UTX) -- aircraft, electronics, engines
Arm sales: $11.6 billion, total sales: $58.2 billion
Gross profit: $5.3 billion, total workforce: 199,900
United Technologies makes a wide range of arms — notably military helicopters, including the Black Hawk helicopter for the U.S. Army and the Seahawk helicopter for the U.S. Navy. The company was the biggest employer in the top 10 though arms sales accounted for just 20% of revenue. UTX also produces elevators, escalators, air-conditioners and refrigerators. International sales comprised 60% of the company's revenue in 2012.
9. L-3 Communications (LLL) -- electronics
Arm sales: $12.5 billion, total sales: $15.2 billion
Gross profit: $956 million, total workforce: 61,000
Some 83% of L-3 Communications sales in 2011 came from arms sales, but this was down from what it sold the prior year. The company has four business segments: electronic systems; aircraft modernization and maintenance; national security solutions; and command, control, communications, intelligence, surveillance and reconnaissance. Among many products manufactured, the company has become a major provider of unmanned aircraft systems.
8. Finmeccanica -- aircraft, artillery, engines, electronics, vehicles and missiles
Arms sales, $14.6 billion, total sales: $24.1 billion
Gross profit: $ -3.2 billion, total workforce: 70,470
Italian company Finmeccanica makes a wide range of arms, including helicopters and security electronics. Nearly 60% of the company's sales in 2011 were in arms. Finmeccanica lost $3.2 billion in 2011. The Italian company is currently fending off allegation that it paid bribes to win an approximately $750 million contract to provide 12 military helicopters to the Indian government in 2010. The then-head of the company, Giuseppe Orsi, was arrested in February but has denied wrongdoing. Other executives, including the head of the company's helicopter unit, have been replaced, and the company has delayed the release of recent financial results.
7. EADS -- aircraft, electronics, missiles and space
Arm sales: $16.4 billion, total sales: $68.3 billion
Gross profit: $1.4 billion, total workforce: 133,120
The European Aeronautic Defense and Space Company (EADS), based in the Netherlands, had sales in 2011 roughly in line with the prior year. Arms sales comprised just 24% of the company's revenue. EADS and BAE Systemsunsuccessfully attempted to merge for $45 billion in 2012, which would have created the world's largest aerospace company. The deal collapsed in October after German Chancellor Angela Merkel expressed concerns about the merger.
6. Northrop Grumman (NOC) -- aircraft, electronics, missiles, ships, space
Arm sales: $21.4 billion, total sales: $26.4 billion
Gross profit: $2.1 billion, total workforce: 72,500
Northrop Grumman's 2011 arms sales comprised about 81% of total sales even after a sharp decline in arms sales year over year. The company attributed the decline to reduced government spending on defense projects. Nevertheless, the company was more profitable than in the prior year.
5. Raytheon (RTN) -- electronics, missiles
Arm sales: $22.5 billion, total sales: $24.9 billion
Gross profit: $1.9 billion, total workforce: 71,000
Raytheon, based in Waltham, Mass., is one of the largest defense contractors in the U.S. The company makes the Tomahawk Cruise Missile, among others. Arms sales comprised about 90% of the company's sales in 2011 though they as a total they were lower than in the prior year. The slide hasn't let up. Total sales in 2012 fell 1.5%, and Raytheon is expecting sales to fall 3% in 2013, a projection which doesn't take into account the effects of mandated budget cuts. The company can rely on overseas customers to somewhat offset weak sales at home. As of January, approximately 40% of the company's backlog was booked overseas. The company expects approximately a 5% increase in international sales in 2013.
4. General Dynamics (GD) -- artillery, electronics, vehicles, small arms, ships
Arm sales: $23.8 billion, total sales: $32.7 billion
Gross profit: $2.5 billion, total workforce: 95,100
With 18,000 transactions in 2011, General Dynamics was the third-largest contractor to the U.S. government. Of those contracts, approximately $12.9 billion worth went to the Navy, while an additional $4.6 billion went to the Army. The company's arms sales in 2011 comprised 73% of total sales. Arms sales in 2011 were slightly below 2010 levels. The company makes a host of products, including electric boats, tracked and wheeled military vehicles, and battle tanks. The company announced layoffs in early March, blaming mandated federal budget cuts.
3. BAE Systems -- aircraft, artillery, electronics, vehicles, missiles, ships
Arm sales: $29.2 billion, total sales: $30.7 billion
Gross profit: $2.3 billion, total workforce: 93,500
BAE Systems was the largest non-U.S. company based on arms sales. Arms sales represented 95% of the company's total sales in 2011 even though they were lower as a total of overall sales compared to the prior year. The products BAE sells include the L-ROD Bar Armor System that shields defense vehicles and the Hawk Advanced Jet Trainer that provides sophisticated simulation training for military pilots. In 2013, the company said its growth would likely come from outside the U.S. and Great Britain — its home market. BAE noted that its outlook for those two countries was "constrained," likely due to the diminished presence in international conflicts and government budget cuts.
2. Boeing (BA) -- aircraft, electronics, missiles, space
Arm sales: $31.8 billion, total sales: $68.7 billion
Gross profit: $4 billion, total workforce: 171,700
Boeing was the second-largest U.S. government contractor in 2011, with about $21.5 billion worth of goods contracted. The Chicago-based company makes a wide range of arms, including strategic missile systems, laser and electro-optical systems and global positioning systems. Despite all these technologies, just 46% of the company's total sales of $68.7 billion in 2011 came from arms. Boeing is the largest commercial airplane manufacturer in the world, making planes such as the 747, 757 and recently, the 787 Dreamliner. The company is also known for its space technology — Boeing had $1 billion worth of contracts with NASA in 2011.
1. Lockheed Martin (LMT) -- aircraft, electronics, missiles, space
Arm sales:$36.3 billion, total sales: $46.5 billion
Gross profit: $2.7 billion, total workforce, 123,000
Lockheed Martin notched $36.3 billion in sales in 2011, slightly higher than the $35.7 billion the company sold in 2010. The arms sales comprised 78% of the company's total 2011 sales. Lockheed makes a wide range of products, including aircraft, missiles, unmanned systems and radar systems. The company and its employees have been concerned about the effects of the "fiscal cliff" and sequestration, the latter of which includes significant cuts to the U.S. Department of Defense. In the fall of 2012, the company planned on issuing layoff notices to all employees before backing down at the White House's request.
24/7 Wall St.com is a financial news and analy​

We are talking oil


Stewart Can’t Believe China Got Iraq Oil: Bush Bombed And Invaded Them And This Is How They Repay Us?!

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U.S. Companies Shut Out as Iraq Auctions Its Oil Fields

• Share
• Read Later

Essam Al-Sudani / AFP / Getty
Iraqi workers walk through part of the Halfaya oil field near the southern city of Amara on December 12, 2009.

Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil contracts went to two countries which bitterly opposed the U.S. invasion — Russia and China — while even Total Oil of France, which led the charge to deny international approval for the war at the U.N. Security Council in 2003, won a bigger stake than the Americans in the most recent auction. "[The distribution of oil contracts] certainly answers the theory that the war was for the benefit of big U.S. oil interests," says Alex Munton, Middle East oil analyst for the energy consultancy Wood Mackenzie, whose clients include major U.S. companies. "That has not been demonstrated by what has happened this week."

FYI-that's an old old article, before all was said and done, EXXON acquired the biggest oil reserve in iraq I believe?

In January 2010, ExxonMobil Iraq Limited (EMIL), an affiliate of Exxon Mobil Corporation, signed an agreement with the South Oil Company of the Iraq Ministry of Oil to rehabilitate and redevelop the West Qurna I field in southern Iraq.

The agreement was signed in Baghdad by representatives of the Ministry of Oil and members of the West Qurna I contractor consortium, which includes ExxonMobil as the Lead Contractor with 60 percent interest, the Oil Exploration Company of Iraq with 25 percent interest and Shell West Qurna B.V., a Royal Dutch Shell affiliate with 15 percent interest.

ExxonMobil Iraq Limited as Lead Contractor will work to rehabilitate and redevelop the West Qurna I field. ExxonMobil leads the industry in development and production technologies and capabilities, and will apply its worldwide expertise to ensure the success of this project.

In Iraq, as in all the places we work, ExxonMobil is dedicated to providing for the safety of our operations for our employees, contractors and communities where we operate. We recognize that our employees are our most valuable asset, and invest in their safety, health, training and development.


International Oil Companies: ExxonMobil

 

[whitehall]

Nobody seemed interested in Barry Hussein's cabinet appointments eight years ago much less the "contenders" list. Don't get your panties in a freaking twist until Trump makes the call.

 

[NightFox]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

*YAWN*, what industry experiences are on your approved list for being a potential cabinet member choice?

Government experience in international affairs.

So in other words, no one that hasn't worked in Government is appropriate for the role of Secretary of State?

 

[OldLady]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

What's going on with suddenly MORE people in the running? When Trump took that call from Taiwan did some of the earlier "semifinalists" say No thanks, buddy?

I was serious? Off topic, tho, I know.

 

[NYcarbineer]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

*YAWN*, what industry experiences are on your approved list for being a potential cabinet member choice?

Government experience in international affairs.

So in other words, no one that hasn't worked in Government is appropriate for the role of Secretary of State?

Would you let the CEO of Exxon do brain surgery on you?

 

[NYcarbineer]

Nobody seemed interested in Barry Hussein's cabinet appointments eight years ago much less the "contenders" list. Don't get your panties in a freaking twist until Trump makes the call.

Aha, one more Trumptard defending Trump by trying to point out how much like Obama he is.

 

[TNHarley]

[I was serious?

that's why I laughed

 

[Wyatt earp]

Here is 10 of them.



10 companies profiting the most from war
Samuel Weigley, 24/7 Wall St.6:17 p.m. EDT March 10, 2013

(Photo: U.S. Navy via Getty Images)
STORY HIGHLIGHTS

​

• 
  
  
  • The business of war continues to be profitable
  • Defense contractors look overseas to offset budget cuts at home
  • Most arms makers also produce non-military goods and services

The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a list of the top 100 arms-producing and military services companies in 2011 compiled by the Stockholm International Peace Research Institute (SIPRI), 24/7 Wall St. reviewed the 10 companies with the most military sales worldwide.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest military budget in the world. In 2000, the U.S. defense budget was approximately $312 billion. By 2011, the figure had grown to $712 billion. Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among the top 100 companies grew by 51%.
However, the trend has recently reversed. In 2011, the top 100 arms dealers sold 5% less compared to 2010. Susan Jackson, a SIPRI defense expert, said in an email to 24/7 Wall St. that austerity measures in Western Europe and the U.S. have delayed or slowed the procurement of different weapons systems. Austerity concerns have exacerbated matters. Federal budget cuts that took effect in March mean military spending could contract by more than $500 billion over the coming decade unless policymakers negotiate a pullback on the mandated cuts.
In addition, the U.S.' involvement in conflicts abroad continue to wind down. The last American convoy in Iraq left the country in December 2011. Troop withdrawals from Afghanistan also began in 2011. Finally, SIPRI pointed out sanctions on arms transfers to Libya have contributed to declining arms sales.
Many defense contractors are looking overseas to make up for slowing sales in the U.S. and Europe. Arms producers are especially keen on Latin America, the Middle East and parts of Asia, Jackson said. For instance, BAE is securing contracts with Saudi Arabia. Meanwhile, the chief financial officer of Northrop Grumman has recently indicated his company may sell its Global Hawk airplane to South Korea or Japan.
Based on the SIPRI report, 24/7 Wall St. reviewed the 10 biggest weapons companies. Arms were defined as sales to military customers, either for procurement or for export, but do not include sales of general purpose items, such as oil or computer equipment. We looked at sales figures for two years through 2011, among other metrics. Here are the 10 companies that profit the most from war:
10. United Technologies (UTX) -- aircraft, electronics, engines
Arm sales: $11.6 billion, total sales: $58.2 billion
Gross profit: $5.3 billion, total workforce: 199,900
United Technologies makes a wide range of arms — notably military helicopters, including the Black Hawk helicopter for the U.S. Army and the Seahawk helicopter for the U.S. Navy. The company was the biggest employer in the top 10 though arms sales accounted for just 20% of revenue. UTX also produces elevators, escalators, air-conditioners and refrigerators. International sales comprised 60% of the company's revenue in 2012.
9. L-3 Communications (LLL) -- electronics
Arm sales: $12.5 billion, total sales: $15.2 billion
Gross profit: $956 million, total workforce: 61,000
Some 83% of L-3 Communications sales in 2011 came from arms sales, but this was down from what it sold the prior year. The company has four business segments: electronic systems; aircraft modernization and maintenance; national security solutions; and command, control, communications, intelligence, surveillance and reconnaissance. Among many products manufactured, the company has become a major provider of unmanned aircraft systems.
8. Finmeccanica -- aircraft, artillery, engines, electronics, vehicles and missiles
Arms sales, $14.6 billion, total sales: $24.1 billion
Gross profit: $ -3.2 billion, total workforce: 70,470
Italian company Finmeccanica makes a wide range of arms, including helicopters and security electronics. Nearly 60% of the company's sales in 2011 were in arms. Finmeccanica lost $3.2 billion in 2011. The Italian company is currently fending off allegation that it paid bribes to win an approximately $750 million contract to provide 12 military helicopters to the Indian government in 2010. The then-head of the company, Giuseppe Orsi, was arrested in February but has denied wrongdoing. Other executives, including the head of the company's helicopter unit, have been replaced, and the company has delayed the release of recent financial results.
7. EADS -- aircraft, electronics, missiles and space
Arm sales: $16.4 billion, total sales: $68.3 billion
Gross profit: $1.4 billion, total workforce: 133,120
The European Aeronautic Defense and Space Company (EADS), based in the Netherlands, had sales in 2011 roughly in line with the prior year. Arms sales comprised just 24% of the company's revenue. EADS and BAE Systemsunsuccessfully attempted to merge for $45 billion in 2012, which would have created the world's largest aerospace company. The deal collapsed in October after German Chancellor Angela Merkel expressed concerns about the merger.
6. Northrop Grumman (NOC) -- aircraft, electronics, missiles, ships, space
Arm sales: $21.4 billion, total sales: $26.4 billion
Gross profit: $2.1 billion, total workforce: 72,500
Northrop Grumman's 2011 arms sales comprised about 81% of total sales even after a sharp decline in arms sales year over year. The company attributed the decline to reduced government spending on defense projects. Nevertheless, the company was more profitable than in the prior year.
5. Raytheon (RTN) -- electronics, missiles
Arm sales: $22.5 billion, total sales: $24.9 billion
Gross profit: $1.9 billion, total workforce: 71,000
Raytheon, based in Waltham, Mass., is one of the largest defense contractors in the U.S. The company makes the Tomahawk Cruise Missile, among others. Arms sales comprised about 90% of the company's sales in 2011 though they as a total they were lower than in the prior year. The slide hasn't let up. Total sales in 2012 fell 1.5%, and Raytheon is expecting sales to fall 3% in 2013, a projection which doesn't take into account the effects of mandated budget cuts. The company can rely on overseas customers to somewhat offset weak sales at home. As of January, approximately 40% of the company's backlog was booked overseas. The company expects approximately a 5% increase in international sales in 2013.
4. General Dynamics (GD) -- artillery, electronics, vehicles, small arms, ships
Arm sales: $23.8 billion, total sales: $32.7 billion
Gross profit: $2.5 billion, total workforce: 95,100
With 18,000 transactions in 2011, General Dynamics was the third-largest contractor to the U.S. government. Of those contracts, approximately $12.9 billion worth went to the Navy, while an additional $4.6 billion went to the Army. The company's arms sales in 2011 comprised 73% of total sales. Arms sales in 2011 were slightly below 2010 levels. The company makes a host of products, including electric boats, tracked and wheeled military vehicles, and battle tanks. The company announced layoffs in early March, blaming mandated federal budget cuts.
3. BAE Systems -- aircraft, artillery, electronics, vehicles, missiles, ships
Arm sales: $29.2 billion, total sales: $30.7 billion
Gross profit: $2.3 billion, total workforce: 93,500
BAE Systems was the largest non-U.S. company based on arms sales. Arms sales represented 95% of the company's total sales in 2011 even though they were lower as a total of overall sales compared to the prior year. The products BAE sells include the L-ROD Bar Armor System that shields defense vehicles and the Hawk Advanced Jet Trainer that provides sophisticated simulation training for military pilots. In 2013, the company said its growth would likely come from outside the U.S. and Great Britain — its home market. BAE noted that its outlook for those two countries was "constrained," likely due to the diminished presence in international conflicts and government budget cuts.
2. Boeing (BA) -- aircraft, electronics, missiles, space
Arm sales: $31.8 billion, total sales: $68.7 billion
Gross profit: $4 billion, total workforce: 171,700
Boeing was the second-largest U.S. government contractor in 2011, with about $21.5 billion worth of goods contracted. The Chicago-based company makes a wide range of arms, including strategic missile systems, laser and electro-optical systems and global positioning systems. Despite all these technologies, just 46% of the company's total sales of $68.7 billion in 2011 came from arms. Boeing is the largest commercial airplane manufacturer in the world, making planes such as the 747, 757 and recently, the 787 Dreamliner. The company is also known for its space technology — Boeing had $1 billion worth of contracts with NASA in 2011.
1. Lockheed Martin (LMT) -- aircraft, electronics, missiles, space
Arm sales:$36.3 billion, total sales: $46.5 billion
Gross profit: $2.7 billion, total workforce, 123,000
Lockheed Martin notched $36.3 billion in sales in 2011, slightly higher than the $35.7 billion the company sold in 2010. The arms sales comprised 78% of the company's total 2011 sales. Lockheed makes a wide range of products, including aircraft, missiles, unmanned systems and radar systems. The company and its employees have been concerned about the effects of the "fiscal cliff" and sequestration, the latter of which includes significant cuts to the U.S. Department of Defense. In the fall of 2012, the company planned on issuing layoff notices to all employees before backing down at the White House's request.
24/7 Wall St.com is a financial news and analy​

We are talking oil


Stewart Can’t Believe China Got Iraq Oil: Bush Bombed And Invaded Them And This Is How They Repay Us?!

View attachment 100944
SIGN IN SUBSCRIBE
HomeU.S.PoliticsWorldBusinessTechHealthMottoEntertainmentScienceNewsfeedLivingSportsHistoryThe TIME VaultMagazineIdeasParentsTIME Labs
MoneyLIFEThe Daily Cut
Photography Videos TIME Shop
AMERICAN VOICES2016 RIO OLYMPICSNEXT GENERATION LEADERSTHE 100 MOST INFLUENTIAL PEOPLEPERSON OF THE YEAR 2015TOP OF THE WORLDA YEAR IN SPACE

SUBSCRIBENEWSLETTERSFEEDBACKPRIVACY POLICYYOUR CALIFORNIA PRIVACY RIGHTSTERMS OF USEAD CHOICES View attachment 100945
RSSTIME APPSTIME FOR KIDSADVERTISINGREPRINTS AND PERMISSIONSSITE MAPHELPCUSTOMER SERVICE© 2016 TIME INC. ALL RIGHTS RESERVED.
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U.S. Companies Shut Out as Iraq Auctions Its Oil Fields

• Share
• Read Later

Essam Al-Sudani / AFP / Getty
Iraqi workers walk through part of the Halfaya oil field near the southern city of Amara on December 12, 2009.

Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil contracts went to two countries which bitterly opposed the U.S. invasion — Russia and China — while even Total Oil of France, which led the charge to deny international approval for the war at the U.N. Security Council in 2003, won a bigger stake than the Americans in the most recent auction. "[The distribution of oil contracts] certainly answers the theory that the war was for the benefit of big U.S. oil interests," says Alex Munton, Middle East oil analyst for the energy consultancy Wood Mackenzie, whose clients include major U.S. companies. "That has not been demonstrated by what has happened this week."

FYI-that's an old old article, before all was said and done, EXXON acquired the biggest oil reserve in iraq I believe?

In January 2010, ExxonMobil Iraq Limited (EMIL), an affiliate of Exxon Mobil Corporation, signed an agreement with the South Oil Company of the Iraq Ministry of Oil to rehabilitate and redevelop the West Qurna I field in southern Iraq.

The agreement was signed in Baghdad by representatives of the Ministry of Oil and members of the West Qurna I contractor consortium, which includes ExxonMobil as the Lead Contractor with 60 percent interest, the Oil Exploration Company of Iraq with 25 percent interest and Shell West Qurna B.V., a Royal Dutch Shell affiliate with 15 percent interest.

ExxonMobil Iraq Limited as Lead Contractor will work to rehabilitate and redevelop the West Qurna I field. ExxonMobil leads the industry in development and production technologies and capabilities, and will apply its worldwide expertise to ensure the success of this project.

In Iraq, as in all the places we work, ExxonMobil is dedicated to providing for the safety of our operations for our employees, contractors and communities where we operate. We recognize that our employees are our most valuable asset, and invest in their safety, health, training and development.


International Oil Companies: ExxonMobil

Mine is 2013. Yours is 2010


Again China gets over half of Iraqs oil..

 

[pwjohn]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

Considering how much foreign oil we burn on a daily basis, this consideration should come as no surprise.

 

[Wyatt earp]

Here is 10 of them.



10 companies profiting the most from war
Samuel Weigley, 24/7 Wall St.6:17 p.m. EDT March 10, 2013

(Photo: U.S. Navy via Getty Images)
STORY HIGHLIGHTS

​

• 
  
  
  • The business of war continues to be profitable
  • Defense contractors look overseas to offset budget cuts at home
  • Most arms makers also produce non-military goods and services

The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a list of the top 100 arms-producing and military services companies in 2011 compiled by the Stockholm International Peace Research Institute (SIPRI), 24/7 Wall St. reviewed the 10 companies with the most military sales worldwide.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest military budget in the world. In 2000, the U.S. defense budget was approximately $312 billion. By 2011, the figure had grown to $712 billion. Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among the top 100 companies grew by 51%.
However, the trend has recently reversed. In 2011, the top 100 arms dealers sold 5% less compared to 2010. Susan Jackson, a SIPRI defense expert, said in an email to 24/7 Wall St. that austerity measures in Western Europe and the U.S. have delayed or slowed the procurement of different weapons systems. Austerity concerns have exacerbated matters. Federal budget cuts that took effect in March mean military spending could contract by more than $500 billion over the coming decade unless policymakers negotiate a pullback on the mandated cuts.
In addition, the U.S.' involvement in conflicts abroad continue to wind down. The last American convoy in Iraq left the country in December 2011. Troop withdrawals from Afghanistan also began in 2011. Finally, SIPRI pointed out sanctions on arms transfers to Libya have contributed to declining arms sales.
Many defense contractors are looking overseas to make up for slowing sales in the U.S. and Europe. Arms producers are especially keen on Latin America, the Middle East and parts of Asia, Jackson said. For instance, BAE is securing contracts with Saudi Arabia. Meanwhile, the chief financial officer of Northrop Grumman has recently indicated his company may sell its Global Hawk airplane to South Korea or Japan.
Based on the SIPRI report, 24/7 Wall St. reviewed the 10 biggest weapons companies. Arms were defined as sales to military customers, either for procurement or for export, but do not include sales of general purpose items, such as oil or computer equipment. We looked at sales figures for two years through 2011, among other metrics. Here are the 10 companies that profit the most from war:
10. United Technologies (UTX) -- aircraft, electronics, engines
Arm sales: $11.6 billion, total sales: $58.2 billion
Gross profit: $5.3 billion, total workforce: 199,900
United Technologies makes a wide range of arms — notably military helicopters, including the Black Hawk helicopter for the U.S. Army and the Seahawk helicopter for the U.S. Navy. The company was the biggest employer in the top 10 though arms sales accounted for just 20% of revenue. UTX also produces elevators, escalators, air-conditioners and refrigerators. International sales comprised 60% of the company's revenue in 2012.
9. L-3 Communications (LLL) -- electronics
Arm sales: $12.5 billion, total sales: $15.2 billion
Gross profit: $956 million, total workforce: 61,000
Some 83% of L-3 Communications sales in 2011 came from arms sales, but this was down from what it sold the prior year. The company has four business segments: electronic systems; aircraft modernization and maintenance; national security solutions; and command, control, communications, intelligence, surveillance and reconnaissance. Among many products manufactured, the company has become a major provider of unmanned aircraft systems.
8. Finmeccanica -- aircraft, artillery, engines, electronics, vehicles and missiles
Arms sales, $14.6 billion, total sales: $24.1 billion
Gross profit: $ -3.2 billion, total workforce: 70,470
Italian company Finmeccanica makes a wide range of arms, including helicopters and security electronics. Nearly 60% of the company's sales in 2011 were in arms. Finmeccanica lost $3.2 billion in 2011. The Italian company is currently fending off allegation that it paid bribes to win an approximately $750 million contract to provide 12 military helicopters to the Indian government in 2010. The then-head of the company, Giuseppe Orsi, was arrested in February but has denied wrongdoing. Other executives, including the head of the company's helicopter unit, have been replaced, and the company has delayed the release of recent financial results.
7. EADS -- aircraft, electronics, missiles and space
Arm sales: $16.4 billion, total sales: $68.3 billion
Gross profit: $1.4 billion, total workforce: 133,120
The European Aeronautic Defense and Space Company (EADS), based in the Netherlands, had sales in 2011 roughly in line with the prior year. Arms sales comprised just 24% of the company's revenue. EADS and BAE Systemsunsuccessfully attempted to merge for $45 billion in 2012, which would have created the world's largest aerospace company. The deal collapsed in October after German Chancellor Angela Merkel expressed concerns about the merger.
6. Northrop Grumman (NOC) -- aircraft, electronics, missiles, ships, space
Arm sales: $21.4 billion, total sales: $26.4 billion
Gross profit: $2.1 billion, total workforce: 72,500
Northrop Grumman's 2011 arms sales comprised about 81% of total sales even after a sharp decline in arms sales year over year. The company attributed the decline to reduced government spending on defense projects. Nevertheless, the company was more profitable than in the prior year.
5. Raytheon (RTN) -- electronics, missiles
Arm sales: $22.5 billion, total sales: $24.9 billion
Gross profit: $1.9 billion, total workforce: 71,000
Raytheon, based in Waltham, Mass., is one of the largest defense contractors in the U.S. The company makes the Tomahawk Cruise Missile, among others. Arms sales comprised about 90% of the company's sales in 2011 though they as a total they were lower than in the prior year. The slide hasn't let up. Total sales in 2012 fell 1.5%, and Raytheon is expecting sales to fall 3% in 2013, a projection which doesn't take into account the effects of mandated budget cuts. The company can rely on overseas customers to somewhat offset weak sales at home. As of January, approximately 40% of the company's backlog was booked overseas. The company expects approximately a 5% increase in international sales in 2013.
4. General Dynamics (GD) -- artillery, electronics, vehicles, small arms, ships
Arm sales: $23.8 billion, total sales: $32.7 billion
Gross profit: $2.5 billion, total workforce: 95,100
With 18,000 transactions in 2011, General Dynamics was the third-largest contractor to the U.S. government. Of those contracts, approximately $12.9 billion worth went to the Navy, while an additional $4.6 billion went to the Army. The company's arms sales in 2011 comprised 73% of total sales. Arms sales in 2011 were slightly below 2010 levels. The company makes a host of products, including electric boats, tracked and wheeled military vehicles, and battle tanks. The company announced layoffs in early March, blaming mandated federal budget cuts.
3. BAE Systems -- aircraft, artillery, electronics, vehicles, missiles, ships
Arm sales: $29.2 billion, total sales: $30.7 billion
Gross profit: $2.3 billion, total workforce: 93,500
BAE Systems was the largest non-U.S. company based on arms sales. Arms sales represented 95% of the company's total sales in 2011 even though they were lower as a total of overall sales compared to the prior year. The products BAE sells include the L-ROD Bar Armor System that shields defense vehicles and the Hawk Advanced Jet Trainer that provides sophisticated simulation training for military pilots. In 2013, the company said its growth would likely come from outside the U.S. and Great Britain — its home market. BAE noted that its outlook for those two countries was "constrained," likely due to the diminished presence in international conflicts and government budget cuts.
2. Boeing (BA) -- aircraft, electronics, missiles, space
Arm sales: $31.8 billion, total sales: $68.7 billion
Gross profit: $4 billion, total workforce: 171,700
Boeing was the second-largest U.S. government contractor in 2011, with about $21.5 billion worth of goods contracted. The Chicago-based company makes a wide range of arms, including strategic missile systems, laser and electro-optical systems and global positioning systems. Despite all these technologies, just 46% of the company's total sales of $68.7 billion in 2011 came from arms. Boeing is the largest commercial airplane manufacturer in the world, making planes such as the 747, 757 and recently, the 787 Dreamliner. The company is also known for its space technology — Boeing had $1 billion worth of contracts with NASA in 2011.
1. Lockheed Martin (LMT) -- aircraft, electronics, missiles, space
Arm sales:$36.3 billion, total sales: $46.5 billion
Gross profit: $2.7 billion, total workforce, 123,000
Lockheed Martin notched $36.3 billion in sales in 2011, slightly higher than the $35.7 billion the company sold in 2010. The arms sales comprised 78% of the company's total 2011 sales. Lockheed makes a wide range of products, including aircraft, missiles, unmanned systems and radar systems. The company and its employees have been concerned about the effects of the "fiscal cliff" and sequestration, the latter of which includes significant cuts to the U.S. Department of Defense. In the fall of 2012, the company planned on issuing layoff notices to all employees before backing down at the White House's request.
24/7 Wall St.com is a financial news and analy​

We are talking oil


Stewart Can’t Believe China Got Iraq Oil: Bush Bombed And Invaded Them And This Is How They Repay Us?!

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U.S. Companies Shut Out as Iraq Auctions Its Oil Fields

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Essam Al-Sudani / AFP / Getty
Iraqi workers walk through part of the Halfaya oil field near the southern city of Amara on December 12, 2009.

Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil contracts went to two countries which bitterly opposed the U.S. invasion — Russia and China — while even Total Oil of France, which led the charge to deny international approval for the war at the U.N. Security Council in 2003, won a bigger stake than the Americans in the most recent auction. "[The distribution of oil contracts] certainly answers the theory that the war was for the benefit of big U.S. oil interests," says Alex Munton, Middle East oil analyst for the energy consultancy Wood Mackenzie, whose clients include major U.S. companies. "That has not been demonstrated by what has happened this week."

FYI-that's an old old article, before all was said and done, EXXON acquired the biggest oil reserve in iraq I believe?

In January 2010, ExxonMobil Iraq Limited (EMIL), an affiliate of Exxon Mobil Corporation, signed an agreement with the South Oil Company of the Iraq Ministry of Oil to rehabilitate and redevelop the West Qurna I field in southern Iraq.

The agreement was signed in Baghdad by representatives of the Ministry of Oil and members of the West Qurna I contractor consortium, which includes ExxonMobil as the Lead Contractor with 60 percent interest, the Oil Exploration Company of Iraq with 25 percent interest and Shell West Qurna B.V., a Royal Dutch Shell affiliate with 15 percent interest.

ExxonMobil Iraq Limited as Lead Contractor will work to rehabilitate and redevelop the West Qurna I field. ExxonMobil leads the industry in development and production technologies and capabilities, and will apply its worldwide expertise to ensure the success of this project.

In Iraq, as in all the places we work, ExxonMobil is dedicated to providing for the safety of our operations for our employees, contractors and communities where we operate. We recognize that our employees are our most valuable asset, and invest in their safety, health, training and development.


International Oil Companies: ExxonMobil

member: 36770"]

Here is 10 of them.



10 companies profiting the most from war
Samuel Weigley, 24/7 Wall St.6:17 p.m. EDT March 10, 2013

(Photo: U.S. Navy via Getty Images)
STORY HIGHLIGHTS

​

• 
  
  
  • The business of war continues to be profitable
  • Defense contractors look overseas to offset budget cuts at home
  • Most arms makers also produce non-military goods and services

The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a list of the top 100 arms-producing and military services companies in 2011 compiled by the Stockholm International Peace Research Institute (SIPRI), 24/7 Wall St. reviewed the 10 companies with the most military sales worldwide.
These companies have benefited tremendously from the growth in military spending in the U.S., which by far has the largest military budget in the world. In 2000, the U.S. defense budget was approximately $312 billion. By 2011, the figure had grown to $712 billion. Arm sales grew alongside general defense spending growth. SIPRI noted that between 2002 and 2011, arms sales among the top 100 companies grew by 51%.
However, the trend has recently reversed. In 2011, the top 100 arms dealers sold 5% less compared to 2010. Susan Jackson, a SIPRI defense expert, said in an email to 24/7 Wall St. that austerity measures in Western Europe and the U.S. have delayed or slowed the procurement of different weapons systems. Austerity concerns have exacerbated matters. Federal budget cuts that took effect in March mean military spending could contract by more than $500 billion over the coming decade unless policymakers negotiate a pullback on the mandated cuts.
In addition, the U.S.' involvement in conflicts abroad continue to wind down. The last American convoy in Iraq left the country in December 2011. Troop withdrawals from Afghanistan also began in 2011. Finally, SIPRI pointed out sanctions on arms transfers to Libya have contributed to declining arms sales.
Many defense contractors are looking overseas to make up for slowing sales in the U.S. and Europe. Arms producers are especially keen on Latin America, the Middle East and parts of Asia, Jackson said. For instance, BAE is securing contracts with Saudi Arabia. Meanwhile, the chief financial officer of Northrop Grumman has recently indicated his company may sell its Global Hawk airplane to South Korea or Japan.
Based on the SIPRI report, 24/7 Wall St. reviewed the 10 biggest weapons companies. Arms were defined as sales to military customers, either for procurement or for export, but do not include sales of general purpose items, such as oil or computer equipment. We looked at sales figures for two years through 2011, among other metrics. Here are the 10 companies that profit the most from war:
10. United Technologies (UTX) -- aircraft, electronics, engines
Arm sales: $11.6 billion, total sales: $58.2 billion
Gross profit: $5.3 billion, total workforce: 199,900
United Technologies makes a wide range of arms — notably military helicopters, including the Black Hawk helicopter for the U.S. Army and the Seahawk helicopter for the U.S. Navy. The company was the biggest employer in the top 10 though arms sales accounted for just 20% of revenue. UTX also produces elevators, escalators, air-conditioners and refrigerators. International sales comprised 60% of the company's revenue in 2012.
9. L-3 Communications (LLL) -- electronics
Arm sales: $12.5 billion, total sales: $15.2 billion
Gross profit: $956 million, total workforce: 61,000
Some 83% of L-3 Communications sales in 2011 came from arms sales, but this was down from what it sold the prior year. The company has four business segments: electronic systems; aircraft modernization and maintenance; national security solutions; and command, control, communications, intelligence, surveillance and reconnaissance. Among many products manufactured, the company has become a major provider of unmanned aircraft systems.
8. Finmeccanica -- aircraft, artillery, engines, electronics, vehicles and missiles
Arms sales, $14.6 billion, total sales: $24.1 billion
Gross profit: $ -3.2 billion, total workforce: 70,470
Italian company Finmeccanica makes a wide range of arms, including helicopters and security electronics. Nearly 60% of the company's sales in 2011 were in arms. Finmeccanica lost $3.2 billion in 2011. The Italian company is currently fending off allegation that it paid bribes to win an approximately $750 million contract to provide 12 military helicopters to the Indian government in 2010. The then-head of the company, Giuseppe Orsi, was arrested in February but has denied wrongdoing. Other executives, including the head of the company's helicopter unit, have been replaced, and the company has delayed the release of recent financial results.
7. EADS -- aircraft, electronics, missiles and space
Arm sales: $16.4 billion, total sales: $68.3 billion
Gross profit: $1.4 billion, total workforce: 133,120
The European Aeronautic Defense and Space Company (EADS), based in the Netherlands, had sales in 2011 roughly in line with the prior year. Arms sales comprised just 24% of the company's revenue. EADS and BAE Systemsunsuccessfully attempted to merge for $45 billion in 2012, which would have created the world's largest aerospace company. The deal collapsed in October after German Chancellor Angela Merkel expressed concerns about the merger.
6. Northrop Grumman (NOC) -- aircraft, electronics, missiles, ships, space
Arm sales: $21.4 billion, total sales: $26.4 billion
Gross profit: $2.1 billion, total workforce: 72,500
Northrop Grumman's 2011 arms sales comprised about 81% of total sales even after a sharp decline in arms sales year over year. The company attributed the decline to reduced government spending on defense projects. Nevertheless, the company was more profitable than in the prior year.
5. Raytheon (RTN) -- electronics, missiles
Arm sales: $22.5 billion, total sales: $24.9 billion
Gross profit: $1.9 billion, total workforce: 71,000
Raytheon, based in Waltham, Mass., is one of the largest defense contractors in the U.S. The company makes the Tomahawk Cruise Missile, among others. Arms sales comprised about 90% of the company's sales in 2011 though they as a total they were lower than in the prior year. The slide hasn't let up. Total sales in 2012 fell 1.5%, and Raytheon is expecting sales to fall 3% in 2013, a projection which doesn't take into account the effects of mandated budget cuts. The company can rely on overseas customers to somewhat offset weak sales at home. As of January, approximately 40% of the company's backlog was booked overseas. The company expects approximately a 5% increase in international sales in 2013.
4. General Dynamics (GD) -- artillery, electronics, vehicles, small arms, ships
Arm sales: $23.8 billion, total sales: $32.7 billion
Gross profit: $2.5 billion, total workforce: 95,100
With 18,000 transactions in 2011, General Dynamics was the third-largest contractor to the U.S. government. Of those contracts, approximately $12.9 billion worth went to the Navy, while an additional $4.6 billion went to the Army. The company's arms sales in 2011 comprised 73% of total sales. Arms sales in 2011 were slightly below 2010 levels. The company makes a host of products, including electric boats, tracked and wheeled military vehicles, and battle tanks. The company announced layoffs in early March, blaming mandated federal budget cuts.
3. BAE Systems -- aircraft, artillery, electronics, vehicles, missiles, ships
Arm sales: $29.2 billion, total sales: $30.7 billion
Gross profit: $2.3 billion, total workforce: 93,500
BAE Systems was the largest non-U.S. company based on arms sales. Arms sales represented 95% of the company's total sales in 2011 even though they were lower as a total of overall sales compared to the prior year. The products BAE sells include the L-ROD Bar Armor System that shields defense vehicles and the Hawk Advanced Jet Trainer that provides sophisticated simulation training for military pilots. In 2013, the company said its growth would likely come from outside the U.S. and Great Britain — its home market. BAE noted that its outlook for those two countries was "constrained," likely due to the diminished presence in international conflicts and government budget cuts.
2. Boeing (BA) -- aircraft, electronics, missiles, space
Arm sales: $31.8 billion, total sales: $68.7 billion
Gross profit: $4 billion, total workforce: 171,700
Boeing was the second-largest U.S. government contractor in 2011, with about $21.5 billion worth of goods contracted. The Chicago-based company makes a wide range of arms, including strategic missile systems, laser and electro-optical systems and global positioning systems. Despite all these technologies, just 46% of the company's total sales of $68.7 billion in 2011 came from arms. Boeing is the largest commercial airplane manufacturer in the world, making planes such as the 747, 757 and recently, the 787 Dreamliner. The company is also known for its space technology — Boeing had $1 billion worth of contracts with NASA in 2011.
1. Lockheed Martin (LMT) -- aircraft, electronics, missiles, space
Arm sales:$36.3 billion, total sales: $46.5 billion
Gross profit: $2.7 billion, total workforce, 123,000
Lockheed Martin notched $36.3 billion in sales in 2011, slightly higher than the $35.7 billion the company sold in 2010. The arms sales comprised 78% of the company's total 2011 sales. Lockheed makes a wide range of products, including aircraft, missiles, unmanned systems and radar systems. The company and its employees have been concerned about the effects of the "fiscal cliff" and sequestration, the latter of which includes significant cuts to the U.S. Department of Defense. In the fall of 2012, the company planned on issuing layoff notices to all employees before backing down at the White House's request.
24/7 Wall St.com is a financial news and analy​

We are talking oil


Stewart Can’t Believe China Got Iraq Oil: Bush Bombed And Invaded Them And This Is How They Repay Us?!

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U.S. Companies Shut Out as Iraq Auctions Its Oil Fields

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Essam Al-Sudani / AFP / Getty
Iraqi workers walk through part of the Halfaya oil field near the southern city of Amara on December 12, 2009.

Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil contracts went to two countries which bitterly opposed the U.S. invasion — Russia and China — while even Total Oil of France, which led the charge to deny international approval for the war at the U.N. Security Council in 2003, won a bigger stake than the Americans in the most recent auction. "[The distribution of oil contracts] certainly answers the theory that the war was for the benefit of big U.S. oil interests," says Alex Munton, Middle East oil analyst for the energy consultancy Wood Mackenzie, whose clients include major U.S. companies. "That has not been demonstrated by what has happened this week."

FYI-that's an old old article, before all was said and done, EXXON acquired the biggest oil reserve in iraq I believe?

In January 2010, ExxonMobil Iraq Limited (EMIL), an affiliate of Exxon Mobil Corporation, signed an agreement with the South Oil Company of the Iraq Ministry of Oil to rehabilitate and redevelop the West Qurna I field in southern Iraq.

The agreement was signed in Baghdad by representatives of the Ministry of Oil and members of the West Qurna I contractor consortium, which includes ExxonMobil as the Lead Contractor with 60 percent interest, the Oil Exploration Company of Iraq with 25 percent interest and Shell West Qurna B.V., a Royal Dutch Shell affiliate with 15 percent interest.

ExxonMobil Iraq Limited as Lead Contractor will work to rehabilitate and redevelop the West Qurna I field. ExxonMobil leads the industry in development and production technologies and capabilities, and will apply its worldwide expertise to ensure the success of this project.

In Iraq, as in all the places we work, ExxonMobil is dedicated to providing for the safety of our operations for our employees, contractors and communities where we operate. We recognize that our employees are our most valuable asset, and invest in their safety, health, training and development.


International Oil Companies: ExxonMobil[/QUOTE]





China National Offshore Oil Corporation (CNOOC) is the third-largest national oil company in the People’s Republic of China, after CNPC (parent of PetroChina) and China Petrochemical Corporation (parent of Sinopec).

The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas in offshore China.

The company is owned by the government of the People’s Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) assumes shareholder rights and obligations on the government’s behalf.

One subsidiary, CNOOC Limited, is listed on the Hong Kong exchange; the other, China Oilfield Services, is listed on the Hong Kong and New York exchanges.

Fields in Iraq: Maysan Oil Fields

From the company’s website:

In 2010, the Company entered into a technical service contract in relation to the development and production of the Missan oilfields in Iraq. Under the contract, CNOOC Limited acts as the lead contractor of these oilfields and owns a 63.75% participating interest. The project entered the cost recovery period in 2012 and began to contribute to the Company’s production growth.

In 2014, faced with the grim security condition in Iraq, declining production of mature oilfields and other difficulties, the Company coordinated the development and production operations, strengthened technical support, optimized the operating mechanism and operation of oil wells, and strove to increase the production of mature wells.

The newly drilled horizontal wells in Missan oilfields achieved the expected production level. In 2014, the production of Missan oilfields increased steadily and reached approximately 22,000 barrels per day

 

[NightFox]

WTF?

Exxon CEO emerges as a contender for Donald Trump’s secretary of state

Great. Load up the administration with oil men, because that worked out SO well for GW Bush, and America.

*YAWN*, what industry experiences are on your approved list for being a potential cabinet member choice?

Government experience in international affairs.

So in other words, no one that hasn't worked in Government is appropriate for the role of Secretary of State?

Would you let the CEO of Exxon do brain surgery on you?

Well, allow me to ask you the same question, would you allow Hillary Clinton (with "government experience in international affairs") to do brain surgery on you? (that is if you actually had a brain).

The CEO of Exxon is an executive with executive experience, the SoS is an executive position, part of being an executive is knowing how to put the right people in the right places and making decisions based on what content experts have to say regarding questions at hand, executive experience and talent for an executive position SHOULD be the primary qualification, international affairs (also known as content expertise) experience and talent can be found, hired and placed in right positions by a good executive.