Big Oil Making a Fortune

[Lesh]

Exxon Mobil and Chevron report big jump in profits because of higher oil and gas prices. (Published 2022)

Despite pleas from the Biden administration for more supply, both companies said their global production fell in the first three months of the year.

www.nytimes.com

Exxon reported doubling quarterly earnings from a year earlier, even after a write-down of $3.4 billion from abandoning its operations in Russia.

Largely because of soaring oil prices, which rose in the quarter to well over $100 a barrel from $76, the company made $5.5 billion in the first three months of the year — an increase of more than $6 billion from the same quarter in 2021. The company made an $8.9 billion profit in the last three months of 2021.

And you thought the price of gas was high because of lower prodution?

It's higher PROFITS

 

[Moonglow]

Nothing new but we must blame Biden because we must protect the capitalist pigs.

 

[Polishprince]

Exxon Mobil and Chevron report big jump in profits because of higher oil and gas prices. (Published 2022)

Despite pleas from the Biden administration for more supply, both companies said their global production fell in the first three months of the year.

www.nytimes.com

Exxon reported doubling quarterly earnings from a year earlier, even after a write-down of $3.4 billion from abandoning its operations in Russia.

Largely because of soaring oil prices, which rose in the quarter to well over $100 a barrel from $76, the company made $5.5 billion in the first three months of the year — an increase of more than $6 billion from the same quarter in 2021. The company made an $8.9 billion profit in the last three months of 2021.

And you thought the price of gas was high because of lower prodution?

It's higher PROFITS

Biden is the one who canceled their pipelines and leases, and is threatening to do every more with his "climate change" bullshit.

Can't blame the companies from trying to make money while they still can.

 

[Toddsterpatriot]

Exxon Mobil and Chevron report big jump in profits because of higher oil and gas prices. (Published 2022)

Despite pleas from the Biden administration for more supply, both companies said their global production fell in the first three months of the year.

www.nytimes.com

Exxon reported doubling quarterly earnings from a year earlier, even after a write-down of $3.4 billion from abandoning its operations in Russia.

Largely because of soaring oil prices, which rose in the quarter to well over $100 a barrel from $76, the company made $5.5 billion in the first three months of the year — an increase of more than $6 billion from the same quarter in 2021. The company made an $8.9 billion profit in the last three months of 2021.

And you thought the price of gas was high because of lower prodution?

It's higher PROFITS

And you thought the price of gas was high because of lower prodution?

And higher demand. Obviously.

 

[Toddsterpatriot]

Nothing new but we must blame Biden because we must protect the capitalist pigs.

We should kill the greedy kulaks, eh comrade?

What could go wrong?

 

[Hang on Sloopy]

Exxon Mobil and Chevron report big jump in profits because of higher oil and gas prices. (Published 2022)

Despite pleas from the Biden administration for more supply, both companies said their global production fell in the first three months of the year.

www.nytimes.com

Exxon reported doubling quarterly earnings from a year earlier, even after a write-down of $3.4 billion from abandoning its operations in Russia.

Largely because of soaring oil prices, which rose in the quarter to well over $100 a barrel from $76, the company made $5.5 billion in the first three months of the year — an increase of more than $6 billion from the same quarter in 2021. The company made an $8.9 billion profit in the last three months of 2021.

And you thought the price of gas was high because of lower prodution?

It's higher PROFITS

Lesh. We were totally oil independent before you fucked the whole thing up...C'mon maaannnnn

 

[Moonglow]

Biden is the one who canceled their pipelines and leases, and is threatening to do every more with his "climate change" bullshit.

Can't blame the companies from trying to make money while they still can.

Trump shut them down in 2020 along with a massive historical reduction in production by the Ruskies and Saudis.

 

[Hang on Sloopy]

Nothing new but we must blame Biden because we must protect the capitalist pigs.

Hey Ninny. Capiatalistic Pigs made the thingey you type spew on 24/7

 

[Moonglow]

Lesh. We were totally oil independent before you fucked the whole thing up...C'mon maaannnnn

Trump fucked that up long before Biden was sworn in.

Saudi Arabia And Russia Agree To Historic Oil Production ...​

https://www.forbes.com › sarahhansen › 2020/04/09 › s...



Apr 9, 2020 — According to the Wall Street Journal, Saudi Arabia has agreed to cut 3.3 million barrels a day from its current production levels of 12 million ...

 

[blackhawk]

How dare any company or business want to make profit let’s have them all adopt a business model based on losing money and see how that works.

 

[Moonglow]

Hey Ninny. Capiatalistic Pigs made the thingey you type spew on 24/7

No, they didn't that was a techie that did that, the capitalist has the means of financially supporting to activity to produce and innovate. Just like capitalist pigs charge you more than it is worth for drugs because they can.

 

[Moonglow]

How dare any company or business want to make profit let’s have them all adopt a business model based on losing money and see how that works.

We did in 2020 when the oil industry was flatlining and you people fawned over Trump as being a success.

 

[meaner gene]

Lesh. We were totally oil independent before you fucked the whole thing up...C'mon maaannnnn

Energy independence has nothing to do with the price of oil. If we produce more oil than we consume, the oil companies sell the excess on the world market. They also charge domestic consumers the same price they get on the world market. So energy independence is just a red herring.

 

[toobfreak]

Largely because of soaring oil prices

Joe Biddum fails again.

 

[Delldude]

Exxon Mobil and Chevron report big jump in profits because of higher oil and gas prices. (Published 2022)

Despite pleas from the Biden administration for more supply, both companies said their global production fell in the first three months of the year.

www.nytimes.com

Exxon reported doubling quarterly earnings from a year earlier, even after a write-down of $3.4 billion from abandoning its operations in Russia.

Largely because of soaring oil prices, which rose in the quarter to well over $100 a barrel from $76, the company made $5.5 billion in the first three months of the year — an increase of more than $6 billion from the same quarter in 2021. The company made an $8.9 billion profit in the last three months of 2021.

And you thought the price of gas was high because of lower prodution?

It's higher PROFITS

Not big oil....big oil shareholders............
Guess you don't own stock.

 

[Hang on Sloopy]

Energy independence has nothing to do with the price of oil. If we produce more oil than we consume, the oil companies sell the excess on the world market. They also charge domestic consumers the same price they get on the world market. So energy independence is just a red herring.

Yeah a 2 dollar a gallon red herring eh...lolol.NEXT....................BTW, I enjoy these prices and hope it goes way North

 

[blackhawk]

We did in 2020 when the oil industry was flatlining and you people fawned over Trump as being a success.

The industry was never flatlining it was just a simple matter of better policies the more expensive you make it to produce a product the more expensive that product is to purchase. If some still are unable to grasp this then there is really nothing that can be said or done to help them at this point.

 

[Hang on Sloopy]

No, they didn't that was a techie that did that, the capitalist has the means of financially supporting to activity to produce and innovate. Just like capitalist pigs charge you more than it is worth for drugs because they can.

I hope the Commies take your 40 acre swamp and tell you to work the land.......OR ELSE

 

[meaner gene]

Yeah a 2 dollar a gallon red herring eh...lolol.NEXT....................BTW, I enjoy these prices and hope it goes way North

Why are gas prices up through the world?

Bidens fault? Because the US isn't energy independent, they're paying more for gas in England?

 

[whitehall]

Supply and demand. Imagine what it would be like if the government ran it. Skateboards anyone?