Exxon guns for all-time profit record

[Demeter]

Source: CNN Money.Com



NEW YORK (CNNMoney.com) -- Exxon Mobil, the world's largest publicly traded oil company, is within striking distance of setting an all-time profit record - again.

Analysts are expecting the company to post solid quarterly and full-year earnings next Friday (see correction below) - and if the results top forecasts, Exxon (XOM, Fortune 500) could end up reporting the highest profit ever for a U.S. company.

With oil prices having recently crossed the $100 a barrel threshold, it comes as no surprise that Exxon is a whisker away from setting a new milestone.

"Exxon is likely to have record quarterly earnings," said Fadel Gheit, a senior energy analyst at Oppenheimer. "For every $1 in the price of oil, Exxon makes $125 million for the quarter."



Read more: http://money.cnn.com/2008/01/23/news/companies/exxon_profits/index.htm?cnn=yes

[Botany]

1. And now then they can fund Glen Beck and other global warming deniers

Good thing the repugs worked to keep Exxon's tax break.

[sellitman]

2. I haven't gassed up in an Exxon station since the Valdez ran aground.

No profits off of me. Thats for sure.

I have pissed in a few of their lavatories on the road though. :evilgrin:

[7 of 11]

4. And you will notice

Theri gas is always the most Expensive.

[7 of 11]

5. And you will notice

Their gas is always the most Expensive.

[electprogdems]

3. And I am sure that all employees including

the lowest paid will get raises.

Not.

[sutz12]

6. After the first few billion, it's no longer about the money, they are just keeping score.

:shrug:

[Homer12]

7. It broke my heart when Exxon

..and all the other Mega Oil Corporation execs didn't have salaries greater than the GDP of small countries. I wept.

[Quantess]

8. How nice for them. (no text)

[mvccd1000]

9. Is there any company that doesn't?

Not to be a smart-ass; I think they're getting rich off of our backs, but can you imagine ANY company that says, "OK, I think we've made enough for the year... let's coast."

The shareholders would vote those directors out at the next meeting (in the case of a big company).