Posts
Why I Love and Hate the Oil Companies
The first thing I do when I get up every morning is to curse the oil companies as the blood sucking scourges of modern civilization. I then fall down on my knees and thank God that we have oil companies.
You’ve got to love ExxonMobile (XOM). The world’s largest company announced an unbelievable $125 billion in Q2 revenues, generating a gob smacking $10.7 billion in net profits. The company indicated that they would carry out a massive $5 billion in stock buy backs in the next quarter.
This year, (XOM) will spend $10.3 billion on exploration and capital spending. Some of their
Read more...
You’ve got to love ExxonMobile (XOM). The world’s largest company announced an unbelievable $125 billion in Q2 revenues, generating a gob smacking $10.7 billion in net profits. The company indicated that they would carry out a massive $5 billion in stock buy backs in the next quarter.
This year, (XOM) will spend $10.3 billion on exploration and capital spending. Some of their
Read more...
No comments:
Post a Comment