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Topic # 24737 1-Aug-2008 10:35 Send private message

As reported in the Dallas Morning News...
Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares slumped 3 percent.

Quite an amazing statement!

Hard to see them as not blatantly profiteering - it'll be interesting to see what sort of profits the other major companies post.

Edit: Same report lists Royal Dutch Shell as posting a US$11.6 billion profit after "a 33% jump in second-quarter earnings".




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Reply # 153242 1-Aug-2008 10:37 Send private message

"Greed is good".

But there's a big bubble ready to burst.






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  Reply # 153309 1-Aug-2008 13:57 Send private message

BP - £6.7 billion (US$13.4 billion) for first half.  Article here.
Shell (UK) - £13.9 billion (US$27.5 billion) - timeframe not given.  Apparently their profits are "satisfactory".  Article here.




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