Comments on: ExxonMobil 2q profits break all records: $11.7 B http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/ The Latest on Climate Science, Solutions, and Politics Sat, 21 Nov 2009 23:27:35 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: JCH http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/#comment-16935 JCH Fri, 01 Aug 2008 01:16:53 +0000 http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/#comment-16935 There are very few opportunities available to them to drill, so their production is declining. On the stock market, that's the kiss of death. Every quarter is a record, and the stock goes down. The shareholders are not getting rich. I sold almost all of my Exxon over a year ago. They have no future. About all they will do with their 45 billion on the year is buy back their own stock, which is likely to go down in value. ExxonMobil has horrendous leadership. I don't know how they are supposed to avoid making 12 billion. There are very few opportunities available to them to drill, so their production is declining. On the stock market, that’s the kiss of death. Every quarter is a record, and the stock goes down. The shareholders are not getting rich. I sold almost all of my Exxon over a year ago. They have no future. About all they will do with their 45 billion on the year is buy back their own stock, which is likely to go down in value.

ExxonMobil has horrendous leadership.

I don’t know how they are supposed to avoid making 12 billion.

]]> By: Brewster http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/#comment-16899 Brewster Thu, 31 Jul 2008 16:38:24 +0000 http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/#comment-16899 Ooops - that should be $7 Billion - fingers got ahead of themselves... Ooops – that should be $7 Billion – fingers got ahead of themselves…

]]> By: Brewster http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/#comment-16898 Brewster Thu, 31 Jul 2008 16:37:34 +0000 http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/#comment-16898 I think the most important part of the story is this: In spite of Exxon spending $7 on oil production, overall production slipped anyway - that's Peak Oil defined! I think the most important part of the story is this: In spite of Exxon spending $7 on oil production, overall production slipped anyway – that’s Peak Oil defined!

]]> By: Nick Kong http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/#comment-16893 Nick Kong Thu, 31 Jul 2008 15:02:22 +0000 http://climateprogress.org/2008/07/31/exxonmobil-2q-profits-break-all-records-117-b/#comment-16893 http://money.cnn.com/2008/07/31/news/companies/exxon_profits/index.htm?eref=rss_topstories "That profit works out to $1,485.55 a second. “ http://money.cnn.com/ 2008/ 07/ 31/ news/ companies/ exxon_profits/ index.htm?eref=rss_topstories

“That profit works out to $1,485.55 a second. “

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