For Exxon Mobil, $10.9 Billion Profit Disappoints

[spanone]

talk about arrogance....


Exxon Mobil, the world’s largest publicly traded oil company, said Thursday that its first-quarter net income rose 17 percent, helped by record high oil prices. But the results fell just short of analyst expectations.

The company said net income in the quarter was $10.9 billion or $2.03 a share, up from $9.3 billion, or $1.62 a share a year ago. Analysts surveyed by Thomson Financial had forecast $2.13 a share.

Revenue rose to $116.8 billion from $87.2 billion a year earlier.

http://www.nytimes.com/2008/05/01/business/01oil-web.html?_r=1&hp=&oref=slogin&pagewanted=print

[leftofcool]

1. Those poor CEO's How ever will they make ends meet?

[spanone]

2. yea, 10.9 BILLION IN THREE MONTHS how will they ever survive

:sarcasm:

[Zynx]

4. Their shortfall probably had something to do with excessive executive compensation.

[spanone]

5. how can 10.9 billion be a shortfall...

[RB TexLa]

7. It's not a shortfall, it's below what analysts expected them to make.

[bdamomma]

3. I hope they choke on that ARROGANCE.

[RB TexLa]

6. 9%, pretty much what they have made the last 20 years.

[bdamomma]

8. and the American people score is 0

[DemoTex]

9. It is a bitter pill to swallow .. disappointment.

The Bitter Pill