TV News LIES

Saturday, Aug 01st

Last update01:40:31 AM GMT

You are here News Energy Exxon has record profit again on soaring oil prices

Exxon has record profit again on soaring oil prices

E-mail Print PDF

Exxon Mobil Corp said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company.

Net income in the quarter rose to $11.68 billion, or $2.22 a share, from $10.26 billion, or $1.83 a share, last year.

TVNL Comment: They had lowered production based on much less demand and still posted record profits Do you understand what this means? Do you know the laws of supply and demand? This is simple and plain extortion made possible by Dick Cheney's energy policies.

More...


Most Recent Related Stories...


Aircraft to start hunt for Atlantic oil off East Coast

Aircraft hunting oil An aerial hunt for oil and natural gas reserves in the Atlantic Ocean is poised to...

Obama Administration Approves Shell's Drilling Plan For The Arctic

Shell OilThe Obama administration on Monday granted conditional approval to Shell to begin exploratory drilling in the...

Solar plane takes off in 'moment of truth' for longest solo flight in history

Solar planeA solar plane took off for what could be the longest solo flight in history on...

Oil Services Co.,Baker Huhes, lays off 10,500

Baker Hughes "Extreme market forces" are in play in the global energy sector, oil services company Baker...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!