ExxonMobile - the world famous US-based integrated energy giant made $11.68 billion in 2nd quarter of 2008, a 14% increase compared to the same quarter in 2007. This is the highest profit ever made by any corporation in the world, Ever! However, I also noticed US oil demand dropped 3% in 2008’s first 6 months [...]
August 6th, 2008 | supa | Comments | ContinuedAll Posts Tagged With: "oil"
So how profitable is Exxon? $11.6 billion for Q2
So how profitable are oil companies. In Exxon’s context that reported earnings today, that’s $11.6 billion in earnings for the second quarter. Profits rose 14 percent from a year ago, as crude oil and natural gas prices continued their climb.
The Irving, Texas-based oil company posted earnings of $2.22 a share, on revenue of $138 billion. [...]
Saudi’s to produce more Oil, prices fall
United Nations chief Ban-ki-moon said world’s biggest producer of oil, Saudi Arabia, is to increase its oil production by more than half a million barrels per day (bpd) to 9.7 bpd in July. The news was reported in Abu-Dhabi based National Newspaper after Ban-ki-moon met Saudi oil minister Ali al-Naimi.
Following the news of higher production, [...]
Oil peaks at $132, average gasoline prices inch higher
Light Crude futures hit $132 a barrel as the summer travel season begins in the US. According to data recorded for the EIA ( Energy Information Administration ), average price of gasoline for the week inched up further to $3.791 a gallon from last week’s average of $3.722. The average price at some of [...]
May 21st, 2008 | rp | Comments | Continued
Crude passes $120, gasoline prices increase
The NYMEX Division Light Sweet Crude Oil futures contract closed up $0.15 to end above $120 at $120.12. Average price of gasoline in the US went up $0.01 since last week ( 04/28/08 ) rising from $3.603 to $3.613 as reported by the Energy Information Administration.
Rising gas prices are hurting consumers and retailers [...]
