Monday, January 30, 2006

Exxon Mobil Pulls In Record Profits For An American Corporation EVER!!!!

Holy shit, look at the amount of money those fuckers at Exxon Mobil made in the last quarter of 2005. According to the NY Times, Exxon Mobile made more money than some oil-producing nations, like Indonesia:

HOUSTON, Jan. 30 — Exxon Mobil, the nation's largest energy company, today reported a 27 percent surge in profits for the fourth quarter as elevated fuel prices gave rise to the most lucrative year ever for an American company, with profits in 2005 reaching $36.13 billion and revenue $371 billion.

Exxon's profits are expected to generate new scrutiny of the company's operations in Washington, where legislators have recently expressed concern over Big Oil's good fortune as soaring oil and natural gas prices pressure consumers. Exxon said its profits climbed more than 40 percent last year, while its tax bill rose only 14 percent.

"This might be the best macroeconomic environment ever for oil," said Dave Pursell, a partner at Pickering Energy Partners, Houston-based research firm. "More than any of its peers, Exxon knocked the cover off the ball with its long, disciplined view of global projects."

Exxon's revenue last year allowed it to surpass Wal-Mart as the largest company in the United States, and by some measures Exxon became richer than some of world's largest oil-producing nations. For instance, its revenue of $371 billion surpassed the gross domestic product of $245 billion for Indonesia, an OPEC member and the world's fourth most populous country with 242 million people.

According to Rawstory, Exxon Mobil made $1,073 dollars a second in the fourth quarter of 2005 and yet they're still fighting the damages from the Exxon Valdez oil spill in Alaska!!! The Seattle Post-Intelligencer reported on Saturday that Exxon Mobile Corp. asked a federal court last week to reduce the $5 billion dollars in damages that were levied against them for the oil spill to $25 million dollars.

Can you imagine? Exxon Mobil made $1,073 dollars a second in the fourth quarter, amounting to $36 billion dollars or so, yet they don't want to pay damages for an environmental disaster they caused!!!

And of course we have a government in Washington and four fuckers on the Supreme Court qho agree with them.

It is time for a change in this country.

We need to get some of the power out of the hands of the oil companies and the banks and credit card companies and Walmart and their elected minions in the government and put it back in the hands of men and women who work for a living.

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