Exxon Mobil posts largest profit in U.S. history

[Horse with no Name]

This is outrageous! I expect Congressional inquiries POST HASTE.:mad:
http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/020107dnbusexxon.3df83ce1.html
>>>Snip
HOUSTON - Oil giant Exxon Mobil Corp. on Thursday posted the largest annual profit by a U.S. company -- $39.5 billion -- even as earnings for the last quarter of 2006 declined 4 percent.

The 2006 profit topped Exxon Mobil's own previous record of $36.13 billion set in 2005.

Revenue at the world's largest publicly traded oil company rose to $377.64 billion for the year, surpassing the record $370.68 billion Exxon posted in 2005.

[NewJeffCT]

1. They really needed those billions in tax breaks, eh?

I wonder if Bush or Cheney will end up on the board of ExxonMobil once they leave office?

[liberaldemocrat7]

13. But will anyone hold GOP contributor Exxon/Mobil responsible for the Republicans? Noooooo

When people finally hold GOP contributors for the detrimental Republican actions over the last 12 years, then perhaps we will get progressive legislation passed.

[Dora]

2. Did Exxon ever pay up for the Valdez spill? n/t

[RB TexLa]

3. Let them pay my dividends first, please n/t

[StClone]

4. This amount of money

Will have affects on the world for generations in the hands of so few.

[Homer12]

5. Poor Exxon.

I feel bad that they did not make 40 billion. C'mon people buy more gas and oil from them.

[Straight Shooter]

6. Shell reports record $25 billion profit.

http://news.bbc.co.uk/2/hi/business/6319577.stm

Shell said output during the final quarter reached 3.645 million barrels of oil equivalent a day, compared with 3.5 million a year ago.

"In 2006, we saw good operational and financial performance in Shell. Our exploration strategy is paying off, " said chief executive Jeroen van der Veer.

"Hydrocarbon production was underpinned by the production re-start from the Mars platform in the USA, growth in LNG and deep water Nigeria."

Mr van der Veer added: "We have agreed to partner with Gazprom in Sakhalin-2, and are progressing with the proposal to acquire the minority shareholding in Shell Canada".

More at link ...

[TheWraith]

7. We aught to nationalize the oil industry and compel it to work at cost.

Or at the very least, institute a heavy windfall profits tax and send the revenue from it back to the people who are paying at the pump. These crooks are bleeding people dry.

[haymark]

8. Great idea

Let's have the oil industry nationalized. It will be a model corp, headed by savy administrators appointed by the President and confirmed by the Senate, working for the general welfare of all the people, streamelined and efficient; just like the Post Office and the DMV.

[izzybeans]

9. Enter the "WE operate on slim margins" WHAAAmbulance

Nothing to see here, move along. This is business as usual. :sarcasm:

[nam78_two]

10. Well gee I am glad these last 6 (horrible) years

have been good for someone :eyes:....
K&R...

[pampango]

11. I think I am becoming schizophrenic. I get mad at Exxon for

making too much money, right after I have gotten mad at Ford for losing too much money. Maybe we need a Profit Regulation Board, so that companies don't make too much money or lose too much money and endanger jobs.

[Horse with no Name]

12. There is a difference in remaining competitive and downright gouging

The thing that irks me about Exxon, is that they are not reinvesting in the infrastructure.
They will let it collapse and then expect the Federal Government to subsidize it.
As far as Ford...you cannot continue to build gashogs in this economy and during this war.
You just can't.
That is poor business practice.