Exxon Posts Record Profits

[Toddsterpatriot]

More fungible logic.

More liberal idiocy.

 

[hadit]

Exxon wants more profit, so why aren't prices even higher?

Because they don't set the price for their product, any more than a farmer sets the price he'll get for his grain.

 

[Dragonlady]

They are going to make money whether you give them free access or put roadblocks in front of them. Old Joe put roadblocks in front of them as so many others did. The prices increased.

Biden put no roadblocks in front of anybody. The sale he cancelled had two buyers registered to participate, and selling leases has no impact on current production.

Every time FOX News says Biden did this or that, you don't ever look at the where or why of it, or even consider that FOX is lying to you to push Republican policies which give the wealthy ever lower taxes, to the benefit of the Murdoch Family, you just believe the lies.

Stop being a gullible fool for the people who are bankrupting the people, and keeping them frightened of policies which are of, for, and by the people. This is a bunch of fat oligarchs telling you that Democrats stole are stealing your cookies. How do you think these assholes got so fat in the first place?

 

[Captain Caveman]

Exxon Mobil's record $55.7 billion profit last year fuels criticism that it cashed in on war and sky-high gasoline prices

Exxon's bounty came as Americans shelled out more than $5 at one point for a gallon of gasoline.

fortune.com

THAT is why gas prices are so high

Wanna bet that the people bitching about high gas prices will defend this?

The energy companies lost all the yearly profits during the pandemic, the record profits just average out.

 

[Toddsterpatriot]

Biden put no roadblocks in front of anybody. The sale he cancelled had two buyers registered to participate, and selling leases has no impact on current production.

Every time FOX News says Biden did this or that, you don't ever look at the where or why of it, or even consider that FOX is lying to you to push Republican policies which give the wealthy ever lower taxes, to the benefit of the Murdoch Family, you just believe the lies.

Stop being a gullible fool for the people who are bankrupting the people, and keeping them frightened of policies which are of, for, and by the people. This is a bunch of fat oligarchs telling you that Democrats stole are stealing your cookies. How do you think these assholes got so fat in the first place?

The sale he cancelled had two buyers registered to participate, and selling leases has no impact on current production.

Don't tell the liberals, they're crediting Biden's leases with increasing US production.

 

[Lesh]

The energy companies lost all the yearly profits during the pandemic, the record profits just average out.

So you're saying that those low gas prices you loved so much have to paid for?

Then quit bitching

 

[Nobody911]

The super rich rule the world. Yeah, that's why big banks don't fail. Too big to fail. Lol.

 

[Harpy Eagle]

I hope you bought low.

Not Exxon, but did by MRO for less than 8 bucks a share. Debating on when to dump it, but not yet

 

[Blaster]

 

[Harpy Eagle]

Increase supply opportunities and these problems of yours go away.

US companies are exporting more oil than at any time in history. Supply in the US is not the problem.

 

[Lesh]

Of course he's refilling it to replace oil sold at over $100 bbl....right?

 

[Captain Caveman]

So you're saying that those low gas prices you loved so much have to paid for?

Then quit bitching

Are you a full shilling?

 

[there4eyeM]

The decision to buy and operate excessively heavy, overpowered vehicles has much more to do with the price of energy than anything else.
That said, the oil companies' enormous profits are dangerous in a democratic republic.

 

[Lesh]

The decision to buy and operate excessively heavy, overpowered vehicles has much more to do with the price of energy than anything else.
That said, the oil companies' enormous profits are dangerous in a democratic republic.

Dangerous?

I don't know but they are very real....and if you defend them don't bitch about high gas prices

 

[martybegan]

US companies are exporting more oil than at any time in history. Supply in the US is not the problem.

They were exporting plenty before AND had enough to keep prices down before.

Now we have a hostile regime in the white house who wants to end fossil fuel.

and people wonder why scarcity is an issue.

 

[Harpy Eagle]

They were exporting plenty before AND had enough to keep prices down before.

Now we have a hostile regime in the white house who wants to end fossil fuel.

and people wonder why scarcity is an issue.

The problem is not scarcity in the US, but in other parts of the world. The US/Canada is the only region close to being back to where they were prior to COVID.

This is the problem. The US cannot produce enough to make up for the drop around the world

 

[martybegan]

The problem is not scarcity in the US, but in other parts of the world. The US/Canada is the only region close to being back to where they were prior to COVID.

This is the problem. The US cannot produce enough to make up for the drop around the world

It could if the Biden Admin and State governments didn't try to eliminate the fossil fuel industry.

Look at the gas reserves in NY State not being exploited to appease the Gaia nuts as an example.

 

[there4eyeM]

$1750.00 net profit per second doesn't shock anyone? And that was just Exxon.

 

[hadit]

$1750.00 net profit per second doesn't shock anyone? And that was just Exxon.

You focus on the current profits. Did you lament when the same companies took big losses and laid off workers to stay afloat? It would seem to me that those who want to limit the profit a company can make should be willing to also limit the losses that same company can make, with their own checkbook. The oil industry is a boom-and-bust industry, and today's record profits can easily become next year's record losses through no fault of the company.

 

[CrusaderFrank]

Exxon Mobil's record $55.7 billion profit last year fuels criticism that it cashed in on war and sky-high gasoline prices

Exxon's bounty came as Americans shelled out more than $5 at one point for a gallon of gasoline.

fortune.com

THAT is why gas prices are so high

Wanna bet that the people bitching about high gas prices will defend this?

Thanks to Biden‘s Green Energy and the Russian sanctions