ExxonMoblil 2nd quarter $11.68 billion profits highest-ever for an American company!

The conservative lemmings are coming out from under their rocks-

Has one republican politician or one major oil exec gone on record to say, that by allowing millions more acres to drill in it will guaranty that the price of gasoline will go down in the U.S?

Are Conservatives telling us that "big oil" will spend large sums of money as to drill only to lower our gasoline at the pump?

Well I guess most conservatives bought the Iraq war now they are buying this crap too?
DUMP the GOP before they finish dumping us!

More important how much did they pay in taxes?

This was left out of the story. Why?

Marpunk, Bill R, et al.--try self-employment...You can still play nice...just provide a product or service someone else will appreciate other than complaining--maybe re-tool your education a little....You probably all are a born capitalists aware that there is more in life than constant drudgery if you don't fear taking a chance and being innovative...It might take twenty years, but you won't regret it...Remember the obvious-- will be twenty years older in twenty years whether you try or not...so why not try! I just hope you have a "partner" who isn't a complainer while you both sacrifice to start... Starting with nothing, investing $1,000.00 per month at 6% a year will make you a millionaire in thirty years...It's hard at first, you will coast later....There are greater returns than 6%, but be careful....But you gotta start!
Yeah, yeah, yeah...so do nothing and worry about Exxon...
. But just in case you might be curious, there is an interesting little calculator on E-Trade called "Compound Interest Calculator" which allows you to plug in figures regarding annual contributions and interest rates of return to see how your future can grow in the long term....Play with it....Don't panic...Don't create obstacles....TALK TO A BANKER NOW!! He/She will be your best help after your first $10,000.00 has been scrounged...

So am I to feel sorry for these kazillionares for only making a small percentage profit, while I'm working two jobs (walking to one) just to try and pay my mortgage so my kids won't be homeless?

I don't want a hand-out or pity, but I'm getting pretty tired or getting abused by these same individuals. It doesn't matter if it's gas, war, taxes, inflation... It's always the same small group pulling the strings, while the rest of us run in circles trying to find a few crumbs to feed our families.

I'm just getting pretty tired of this whole "play nice" game.

Greedy disgusting swine.

The oil companies reap all these gross profits based on speculation and the fact that they are not drilling in the areas they are already permitted to because our refineries are maxed out now and demand exceeds their capacity. I suggest they reinvest their profits in the obvious future of renewable energy before their profits, stocks and all our retirement savings tumble out of control.

Im afraid i believe high gas prices are the best thing for the enviroment, if gas was 99cents , we would just burn up as much as we could. at least people are conserving or changing their ways. I wish i had money to invest in oil stock after the 2000 election , i knew 2 oil men would raise the price of gas.

There stock went down after those numbers because they were supposed to have a bigger profit.

Anyways........... Long live Exxon/Shell half my family is employed by them...... THe other half is in the military. Got one liberal teacher, but what does she know. If she was smart like the rest of us she wouldnt be being bossed around by 14 year old kids.

Rep that SHIT

Texas dubai of N. Hemisphere

Holy crap Massanova, you actually know something beside bashing police. Yes, most of these companies don't even hire americans. They have big offices in Houston, but drill more in other countries.

People hate who every is on top. If you were in my shoes, you would enjoy the bonuses and appreciate what a better life they can give your family.

If you hate oil so much start your own company with another product and put us out of business, if you can do it cheaper and be as dependable. OTHERWISE SHUTUP AND STOP WHINING.

God bless big oil
God bless america

The capitalistic system works well when not abused and manipulated by crooks and greed. There is gouging and there is gouging. These people have gouged the America public while our congress sits and watches. Either these people are complete nitwits or they are complicent. What a poor sad joke on America. Bush and Co. totalling screwing America and the rest of the world as our lawmen sit and watch middle America go down the tubes. What a shame and a sad for America. These people should be in prison.

AND...Exxon/Mobil reinvests LESS of its profits into research than any other big oil company

so true dghar..

Before I buy my second Prius to stick it to the man, I would like someone to put Exxon profit for me in perspective....The reason I would like this comparison is to see who is really greedier, my small business or Exxon....OK, this is how it goes...Exxon gets $100.00 from a gas station for petroleum product....Please....how did their expenses compile to get that $ 100.00 of product to the gas station....? I am not trying to be cute here...sometimes "economy of scale" gets a very bad rap....Is Exxon making $0.02 on the dollar instead of $0.0182....? A 10% increase on a 2% margin....Try operating your business with such mark-up...sorry, just asking.....Tell me, does your government watch your money as closely as Exxon watches theirs? sorry, just asking....

head of the quasi-governmental mortgage agency Fannie Mae, benefited ... At one point Obama had received $222,309 from donors at Exxon, Shell, Chevron and others.

Publicly Held Companies with Government Ties Benefit Obama
Published by Communications on March 26, 2008 5:19 PM | Permalink
Forbes.com used data from the Center for Responsive Politics to analyze which presidential candidates are receiving the most financial help from employees at companies listed on the Forbes Beltway Index, which is Forbes' "means of monitoring the stock market performance of publicly held companies that have a significant business attachment to the federal government." Democrat Barack Obama collected the most from the 118 federal contractors, government-sponsored enterprises and other companies on the list, including IBM, Fannie Mae and Exxon Mobil. and here is Obama saying how much Exxon is making and hes right there with them...dont be fooled

Exxon Mobil is a multi-national corporation, not just an American company. They may have some operating divisions here is the states, Texas Oklahoma and Virginia, but they are definitely multinational.

When one considers, $11.680,000,000.00 is the amount of money Exxon Mobile had to declare as profit, one has to wonder how much more profit was spent, which was not declared in their profit statement?

How much money was filtered into our political process? $11,680,000,000.00 is a lot of money. $11,680,000,000.00 profit is obscene when one considers the hardship felt by ordinary Americans due to higher gas prices.

Americans should take a hard look at politicians who are protecting these big oil companies. Where are their views coming from, you and me, or big oil? John McCain has talked about offshore drilling, while touting balancing the budget by cutting entitlement programs. Many entitlement programs are the ones, which help less fortunate Americans. Many entitlement programs are the safety net for our citizens.

We need to decide what type of country we want to be in the future? Do we want to give comfort to 'Big Business', or the growing number of ordinary Americans struggling to survive?

we give them our money willingly.
we like the convenience of gasmobiles.
we are wrong.
want to change this? invest in sustainable energy. give the money to people who aren't filled with hateful greed.
if we don't subsidize oil, it will disappear. there are already as many alternatives as we will need to avert the 'crisis'. we just have to endorse them.

We should insist that energy companies develop alternative energy sources to oil. We should also give incentives to American auto manufacturers to develop cars that run on alternative energy. I see no reason why we should keep ourselves in the same energy crisis situation we are in today for another ten years.

Please pay no attention to our bulging wallets. We are in desperate need of tax breaks and offshore drilling rights to ensure we stay solvent.

How did the Bush family make it's money again?$?$?$

I feel so helpless and violated..really.
I don't know what to do.
Bush is in town but I am too busy to protest at his estate.
Don't know what to do.

There's no such thing as demand making things higher. There's such a thing as greed, though.

I certainly find it odd that they are making record profits as the rest of the economy (ironically) declines at least partially under the burden of the unusually high gas prices.

Would you believe these guys are STILL begging the US government for tax subsidies!

Disgusting. This is why we have a $5 a gallon oil.

America in general has completely tanked...but oil is having it's best year ever. We knew this would happen with W in office, but it's still appalling. I suppose it's the discrepancy between everyone else and those in Bush's cabinet. Absolutely appalling.

they say the price of gas is going up because of "dwindling" oil supplies on our planet.... I say thats just an excuse for these oil companies to make outrages profits like were seeing now. Is any of that revenue going towards renewable energy sources?? i dont think so...

They need to pay the whole price for their exploits of our natural resources..past present and future..NO EXCEPTIONS...every dime.
If they don't pay our children will pay big time...they already are starting to feel the pinch.
I feel for them...do you have children mjsmith?
Do you care that this man is making so much money off your children's resources?
They rape the land and they have no soul I guess...
money money money that's all they care about..big frickin sh@t. It doesn't make you happy. I ride around in an old Honda with 150K and I am satisfied with my life..respected by my family and community..except being depressed about this type of threat to us all. I sometimes wonder why many many people like myself are un or under employed after being on the deans list and getting a Bachelor's Business..trying to do right ....

I'm done....sorry.

and they got off the hook for Valdese spill so they could pay who the big bucks?????

If gas was $10 per gallon people would still drive their cars and keep these crooks in power. We willingly hand these people our wallets to keep them in control of our energy system and essentially our economy.

Decentralize energy production and distribution and these crooks hove no power over society. Until that time they hold all of the cards and everyone is slave to this upside down system. Localized Energy is THE ONLY WAY to put the economy and democracy back into the hands of the people.

Less Production = Larger Profits

I think if the Oil Companies want to expand drilling locations and build refineries, they need to come down on there prices. I think the lower the prices, the more they can drill and open refineries. If they was to charge over $2.00 for a gallon of gas, let them continue to deal with Hugo Chavez and other despots.

(article continued)

Oil companies are under pressure to find new reserves as their traditional fields age and are face increasing competition from state-run oil companies in Russia and the Middle East. Shell is also looking to make up for production lost in Nigeria, where militants attacked an offshore production vessel in June, and in Russia, where it had to sell its share in the Sakhalin Island oil and natural gas project to state-controlled energy company OAO Gazprom last year.

Oil and gas production fell to 3,126 thousand barrels of oil equivalent a day from 3,178 thousand barrels.

Shell’s chief executive Jeroen van der Veer pledged to continue investing to spur growth. “Shell is making substantial, targeted investments to grow the company for shareholders and help ensure that energy markets remain well supplied,” Mr. van der Veer said in a statement Thursday.

The company agreed two weeks ago to spend about $5.9 billion to buy Duvernay Oil Corporation of Canada to increase its gas production from tough rock formations and is in talks with Iraq about some service contracts.