TV News LIES

Wednesday, May 25th

Last update05:20:13 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...


ExxonMobil tried to censor climate scientists to Congress during Bush era

Exxon tried to censorscientistsExxonMobil moved to squash a well-established congressional lecture series on climate science just nine days after...

Blast in Baghdad market kills at least 50

Baghdad blast kills at least 50A car bomb in a predominantly Shia district of the Iraqi capital has killed at least...

Portugal runs for four days straight on renewable energy alone

Portugal runs four days on renewable energyPortugal kept its lights on with renewable energy alone for four consecutive days last week in...

Solar plane reaches California after flight across Pacific

Solar plane crosses pacificA solar-powered airplane reached the San Francisco Bay area and performed a fly-by over the Golden...
 
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!