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Article #52Re: Exxon-Mobil earned 24 BILLION Dolars in profit last year
From: Shawn Hirn
Date: Wed, 17 Aug 2005 14:10
Date: Wed, 17 Aug 2005 14:10
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3353 bytes
In article <slrndg69kv.n8d.kybyrd@pobox.upenn.edu>, kybyrd@pobox.upenn.edu (Karen Y Byrd) wrote: > On Wed, 17 Aug 2005 06:40:53 -0400, Dr.Stan Broskey <drsjb@localnet.com> > wrote: > >That is $24,000 Million Dollars after all expenses & raises to CEO etc.is > >subtracted ....Exxon Mobil always is upping the price of their gasoline 10 > >or 15 cents before anyone else adopts that price structure.... It would be > >good to boycott any Exxon-Mobil product..... Just don't buy anything off of > >Exxon Mobil. Last week , Exxon/Mobil profits were 8% HIGHER than last > >year's. > >NO Politician seems to want to tame Exxon/Mobil...they are all probably on > >The Take. > > Interesting how you are posting about Exxon Mobil to a phl. and pa. > newgroups. > > How about citing a local Phila. company that's been raking > in huge profits for years... long before the big jump in retail > gasoline prices. What's the company? Sunoco. All the major oil companies are profiting handsomely. Of course, this is America where free enterprise reigns supreme, so I expect nothing less from these oil companies, and other businesses. Oil companies' executives are simply doing their best to return maximum value to their shareholders. What's more important, the public good, or bolstering shareholders' profits? There are good arguments on both sides of that question. My solution to the situation with the high gas prices is to avoid being tied to a name brand and use less gas. I buy from independent gas stations which are almost always cheaper than the big name stations. I also buy the regular gas, not the premium and I chose a car that gets good gas mileage. So, in a sense, I have been boycotting Exon/Mobile, Sunoco, and Texaco for many years. Those of you who have the money, might want to consider investing in these oil companies if their profits are so huge.
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