Exxon still posting record profits, though not as much as forecasted

firstdown · 07-31-2008, 12:36 PM

I like this pargraph:

"While oil companies are earning record profits and gas prices are soaring, the largest oil companies have invested more resources in stock buybacks than U.S. production," said Congressional Democrats in a press release shortly after Exxon announced its earnings.

Well maybe if they would allow the oil companies to drill in more areas they would be investing more back into exploration. The Dems refusal to allow more drilling is one of the problems and has been part of the problem for years now.

I just looked at the numbers again and they are making around 8cents on every dollar.

07-31-2008, 12:36 PM	#3
firstdown Living Legend Join Date: Oct 2004 Location: chesapeake, va Age: 62 Posts: 15,817	Re: Exxon still posting record profits, though not as much as forecasted I like this pargraph: "While oil companies are earning record profits and gas prices are soaring, the largest oil companies have invested more resources in stock buybacks than U.S. production," said Congressional Democrats in a press release shortly after Exxon announced its earnings. Well maybe if they would allow the oil companies to drill in more areas they would be investing more back into exploration. The Dems refusal to allow more drilling is one of the problems and has been part of the problem for years now. I just looked at the numbers again and they are making around 8cents on every dollar. Last edited by firstdown; 07-31-2008 at 12:48 PM.

Exxon still posting record profits, though not as much as forecasted

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