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Exxon-Mobile: Is This Even Conscionable?


Business  (tags: Exxon, Mobile, profits, price-gouging )

RC
- 4155 days ago - washingtonpost.com
Exxon-Mobile posted a $40B profit for 2007 - and they did it on OUR BACKS. This is the largest profit ever recorded in business history. Are you outraged yet?



   

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Comments

RC deWinter (418)
Saturday February 2, 2008, 5:48 am
I have to laugh when I see those natural gas-oil company ads on TV touting how little profit they make in comparison to other industries, and bragging about how much profit they plow back into development etc. What a joke - on us!
 

Joycey B (750)
Saturday February 2, 2008, 5:58 am
Yes, I am outraged. Noted with anger. Thanks Cate.
 

Charles C (160)
Saturday February 2, 2008, 6:00 am
And I get more pissed off every time I pull up to the gas pump, especially considering that it is the same gas we used to pay $.35 a gallon for!!!!!.....ooops, showing my age...lol! Grrrrrrrrrrrrrrrrrrrrrr!!!
Noted, thanks Cate
 

RC deWinter (418)
Saturday February 2, 2008, 6:51 am
LMAO Charles...I remember when gas went to 50 cents a gallon...the outrage! The anger!
 

Charles C (160)
Saturday February 2, 2008, 7:09 am
No end in sight with the rise in gas prices........where is Tim when you need him....lmao
 

Past Member (0)
Saturday February 2, 2008, 7:10 am
Noted ,And i also remenber those days gone by,
 

Stephen Hannon (203)
Saturday February 2, 2008, 7:27 am
CNN reported on Friday that it was the last quarter that ExxonMobile made the $40 billion, not for the entire fiscal year. Their total profit for Fiscal Year 2007 was $270 billion. Not bad for a yrs. work. And they still had the nerve to ask for more tax credits...The King said that huge profits are good because they need them to look for more oil, but the King knows that oil peaked in the mid 1970s, and what oil they're finding now isn't worth drilling for....
 

John Blalock (48)
Saturday February 2, 2008, 7:28 am
Bush the Oilman. I do not think I have ever seen such an evil man. Oh yea, I remember now another man half as evil as Bush I saw was hanging from a tree!!! John
 

Laurie W (189)
Saturday February 2, 2008, 8:43 am
So what our their excuses for not having all ships double hulled? I guess if you lose several millions in accidents it's only pennies compared to the profits made. Gas at 50cents....and even the wages at that time meant only one parent had to work....I feel sick when I think of what our grandchildren may be facing in the near future.........
 

Michael Barth (43)
Saturday February 2, 2008, 9:02 am
This is ridiculis. A company making $40 billion dollars on the back of hard working people who have enough trouble paying for other necassites like food, housing, medical care, etc. I definitely think it's time to get rid of the oil subsidies and make oil companies pay royalties to the government for the oil they extract and process. I think big business in general get to many tax breaks and take advantage of the loopholes that still exist in the laws. Hopefully, politicians will get the idea that this cannot go on.
 

Michael Barth (43)
Saturday February 2, 2008, 9:09 am
I also think that we should start boycotting Exxon Mobil and Chevron for the amount that they make in profit each year. I personally don't drive, but my parents do, with whom I am living with and they cannot believe the prices. They both got to Shell, but I don't know how much better Shell is compared to Exxon Mobil or Chevron. I have also tried to get my parents to trade in their 2005 Acura Legend RL and 2000 Lexus 300 RX in for more fuel efficient cars like the Honda Civic or a Volkswagen Jetta with the diesel engine. But they say that they like their cars and don't want to be seen in what they consider a "commoners' car". Today bad that they don't get it that they are also part of the problem by driving cars that get 25 mpg on the highway. But anywhere, I guess I got off on my soapbox and will do my best in not trying to support Exxon Mobil or Chevron. Maybe for those of who who do read this, you could get your friends to join you and then their friends and so on. Maybe then Exxon Mobil will get the picture.
 

Nancy M (62)
Saturday February 2, 2008, 10:30 am
This is amazing! I wonder how many others did exactly the same thing! I was thinking that people DO have control if they only knew how to use it. If everyone put a real effort into boycotting these oil companies, they could give them (at least) a damn good punch where they'd feel it most. I agree, Michael!
 

Carolyn T (234)
Saturday February 2, 2008, 10:50 am
Noted. Boycots are easy for me to participate in and if significant numbers engage in it their is a drop-off in profits that reverberates not just at that company but through related industries to bring their own pressure and anger to bear on these profiteers. Thank you, Cate.
 

Yvonne White (229)
Saturday February 2, 2008, 11:36 am
Bu$h & Cheney have made ripping off America easy & Rewarding! Now businesses can take bancruptcy because they aren't making Enough PROFIT, not that they're broke or losing money! It's sick.
 

Tim Redfern (581)
Saturday February 2, 2008, 12:28 pm
I'm here, Charles, just a little late in the day!
This is an outrage, but there isn't enough public
outrage over it.
A company makes $40 Billion in profit in one year,
more than the GDP's of most countries. Yes, it
certainly got mentioned in the news, and there have
been howls of outrage about it, but not the amount
there should be.
Exxon/Mobil lies thru their teeth when they say that
for every $1.00 profit they make, they pay $2.50 in
taxes. This is such blatant bullsh*t. NO company could
survive if they were taxed at 250% of their profits!
Think about it!

Thanks, Cate.
noted.
 

Terrie Williams (798)
Saturday February 2, 2008, 12:33 pm
40 Billion for one quarter and 270 billion for the year is not only OBSCENE it is an abomination. The oil profiteers (that includes Bush and Chaney!!!) are laughing their greed glutted asses off at all of us all the way to the banks. The Saudis are loving it too.

We have the power people to stop this now. It may not be comfortable or fashionable or convenient or painless but it's doable. We can boycott, one at a time, all the big oil corps--Exxon/Mobile, Chevron, , Shell, Texaco, BP. We can cut our consumption, we can win if only enough of up can band together for long enough to make it work.

 

Jim Phillips (3247)
Saturday February 2, 2008, 1:19 pm
I remember the gas wars in Detroit where the stations were selling gas as low as .09 cents
per gallon.

Relating to this article, the oil companies are making a huge profit at our expense.

The high prices of gas has modified my shopping trips down to where I combined trips into one. I'm sure the expense of shopping trips for other people have been altered as well.

The effect of high gas prices has also had a ripple effect on shopping - less consumerism. Who has the money to buy items unless you want to buy at wal-mart ( poorly made chinese goods ).
 

Past Member (0)
Saturday February 2, 2008, 1:36 pm
i am outraged along with everyone else... talk about your modified shopping...whew, oh yeah... i try to do everything in a couple of trips a month except for the stuff like milk and such... this just makes my blood boil... noted with much anger...:(
 

Past Member (0)
Saturday February 2, 2008, 3:30 pm
I absolutely will not patronize and Exxon Mobile station. I have boycotted them for some time. Now I am adding Chevron to my list. It makes me so angry about the administration breaking the backs of working people. Why don't we give the tax encentives that the Bush Bunch gave to the oil companies and give them to the working people of this country. The whole situation is as disgusting as this administration.
 

Daniel Barker (35)
Saturday February 2, 2008, 3:40 pm
Do you drive an oversized SUV? Do you worship celebrities who travel by private jet?

What can we do? Plug-in hybrids can get their power from coal, which is the end of Big OIl. If you can afford an SUV you can afford a plug-in hybrid.

And the way things are moving fast, coal is gradually on it's way out. Solar electricity is now cheaper, and windfarms are just around the corner.
 

Ron Nicholas (0)
Saturday February 2, 2008, 5:43 pm
Yes, that is a large profit to make. However, it was made possible because we continue to believe we have the right to drive big cars, not car pool, not use public transportation where available and in general, be irresponsible regarding energy usage. If anyone is outraged by this level of profit, there is an easy solution - do not use the products! Until the law of supply and demand changes - and our thought processes change regarding energy usage - the oil companies will be forced to supply our demand as long as we are willing to pay their prices.
Ronald Nicholas - Mexico City
 

Janet Pearson (8)
Saturday February 2, 2008, 6:20 pm
I don't think boycotting a few gas stations will work. You'll still buy gas somewhere so you will still be supporting the oil industry. And if you don't buy oil in the form of gas, you'll buy it in the form of plastic or paint or synthetic plant food, DVDs or bottles or toys. Will you boycott plastic next? Look around your place and see how much of it you own. Commercial agriculture, which feeds 90% of this country, relies on oil to make fertilizers and pesticides, to grease and fuel the tractors and combines, to keep the 18 wheelers moving food to stores, to fly our food in from other countries. As long as America owns 3% of the world's oil supplies but uses 25% of the world's oil, we will be dependent on other nations. We can buy it from the countries who own it or we can invade those countries and take it. Or we can learn to use 1/8th of what we use now.

If Bush had been honest about why we were going into Iraq, if he said the "American way of life" of doing what we want to do whenever we want to do it depends on us conquering oil-owning countries, how many of us would have told him, "George, go for it!"? The choice comes down to that. Give up war or cut back on the many toys we love so much.

Americans used to be called citizens. We are now called consumers. Our economy is no longer based on agriculture or manufacturing, it's based on purchasing. Remember after 9/11? Bush didn't tell us to tighten our belts like they did during WW II, he told us to go shopping and take a vacation. We shop, therefore we are. We are consuming the planet. We taught the others that ours is the best way to live, and now that China and India want to live high off the hog like us, we want to tell them to slow down? Do as we say, not as we do? I doubt they'll listen. They've seen our movies and our TV shows, and they want all the goodies too.

We have no one but ourselves to blame. Like parents who spoil their little kids and then have to deal with the brats when they get big, we have spoiled ourselves with our love of buying stuff, and we are now reaping the consequences. We ate up the raw resources of this planet, forgetting that we have to leave enough of those resources to stand on. It's like a bunch of people on a drifting ship in the Arctic seas, burning the wood of the ship to stay warm, and then being totally suprised when there is not enough ship left to stay float.
 

serge vrabec (278)
Saturday February 2, 2008, 9:18 pm
I would like to stick an electric car up some Exxon Exec.s Arse at this point. Damn parasites!!!

Thx Cate!
 

Denice G (45)
Saturday February 2, 2008, 10:21 pm
Their profit is obscene. Noted and still outraged.
 

Sandra M Z (114)
Saturday February 2, 2008, 11:33 pm
Don't buy Shell. Very bad for human rights and the environment. I think I read Sunoco has the best record, but we don't have it here. I was just starting to buy BP, because they are at least investing in alternatives, but the 3 stations we had were bought out by Conoco. Now I've read BP is in the NWO group. It's a vicious cycle, I can't not drive for my work, so how can I boycott driving? Can't afford a hybrid and have to pray my old vehicle keeps running, can't afford a car payment. It's a small vehicle and I plan all my trips wisely as a fill up that was $20. when the Cheney/Bush admin. did 9/11, now it's $40. Not to mention how much EVERY item goes up because of transportation costs(read: bloodsuckers profits). All designed to enslave us even more. Agree with Janet. Noted, thanks Cate.
 

Sandra M Z (114)
Saturday February 2, 2008, 11:40 pm
Oops, I can't not, that must be a double-something. Anyway, Go Hemp Movement, let's get on Hemp and save our economy, create jobs, return to family/Native American agriculture that won't be poisoning our environment. Get off fossil fuels, get on Hemp!
 

Barbara Tomlinson (431)
Sunday February 3, 2008, 12:54 am
Hemp grows very fast, in 4 months I hear; and grows just about everywhere. It would save family farms if it was legal to grow it in the U.S.! It is good for fuel, paper, cloth, rope, anything that needs fiber; building materials, could be used for plastics instead of petroleum, etc.
It is the mega-profit-making huge oil companies like Exxon-Mobile, that are KEEPING HEMP ILLEGAL FOR PURELY SELFISH REASONS. There is NO LOGICAL REASON, at all!
[And, that same "reasoning" also KEEPS MEDICAL MARIJUANA, another product of a slightly different form of the Cannabis plant, away from suffering patients who need it. And that keeps Big Pharma happy, monopolizing the pain-and-suffering market. Big Pharma AND Big Oil, are THE ENEMIES OF ALL HUMANITY.]

WE NEED A DEMOCRATIC SOCIALIST FORM OF GOVERNMENT; NOT a greedy, selfish, profit-making form of Capitalism! Big Corporations need to all be DISSOLVED, the MOMENT they are no longer serving the Public Interest! {This would NOT include Family Farms and small businesses!}
Corporations BY THEIR VERY NATURE, are ANTI-DEMOCRACY. It is a LEGAL FICTION that a Corporation has the same legal "rights" as a "person", to Life, Liberty and the Pursuit of Profiteering!
 

David S (55)
Sunday February 3, 2008, 4:34 am
And it is worth nothing that they still have not paid ONE PENNY that were awarded to the people in Prince William Sound for the Exxon Valdiz spill to this day, and in fact make more on the interest simply holding the money than the interest the court charged until they do pay.
 

Gregory A Reece (4)
Sunday February 3, 2008, 12:41 pm
Condi Rice has ship named after her. I have been boycotiting them for years. Since Exxon took over Mobil and did away with their Gay Rights. All the Major Oil Companies are in Bed together with Bush, Cheney and the Republian party. Until we throw bumbs out The will make record profits , we pay record prices. Also our young men women will die in Iraq
 

Karen B (289)
Sunday February 3, 2008, 1:05 pm
GRRRR-r-r-r-r! Thanks for this horrible news Cate. Outraged doesn't even cover how I feel about Exxon. When I sit and think of all the habitat and its critters that have died at EM's expense I die a little bit more inside. Good idea Serge, far, far up! Charles I have to laugh along with you. My first car was a 1967 Corvette convertible and the gas was 35 cents a gallon. LMAO!!! Tim, blatant BS is so right. And what's also so right is everyone says they're outraged, but people don't realize the actions they could take if we got up off our ARSES and acted as a united front. If we did that we could dethrone Bushco and watch the gas price come down, as well as watch as America slowly recovered. Sorry guys -- that's my rant for the day :)
 

Past Member (0)
Monday February 4, 2008, 12:23 am
Everyone is outraged in this world. But not enough to do something about it. Not enough to overthrow the government or shithammer exxon to death. Death, like what they did to the wildlife in Alaska with the Valdeez. DId anyone ever see the Valdeez maple syrup pourer? A model with a large cover to open on the stern starboard side;) I really think the only way to change all of these things is like the Giants stand up Defense. Smash-mouth refusal to take this crap and level them when they come through. Anything less and the world will go down. It would be chaos to do and chaos if we do not. There is no easy way out. Look at what Nostradamus said, and I am one of them and yes I have phone company, government, and witness proof. This is the end times if we allow it. the earth cnnot and will not handle this pressure. Oh the earth gives a shit ..it is us that is going away. As Carlin said.."pack your shit folks, wer're goin' away. And we won't leave much behind will we, some plastic bags, maybe a little styrofoam." If this is doomsday crap I would like to be shown how this is not true. Are these completely illiterate morons that govern us going to save anything? When was the last time they mentioned the China atrocities on air? Anything at all of any importance at all? Smokescreen works good for the sheople. They are too afraid or too dumb to complain or fight so it is not an issue. We are the only types standing in the way and they know that. That is why they are trying to make e-mails about 10 bucks a pop or whatever the specifics are I posted here. These asswipes actually think their jackboot, jackass tactics will work and it will all still keep going forward!?! It will be anarchy and we will all lose eventually. But everything we hold dear will fall first. And you know what that means for the fuzz balls which I think much more of than the human race, nothing personal. IF anyone talks like this they need counseling, or pills, or to be LOCKED away from the other sheep with ears. Come on, you all know this. Rent The Wall, read Animal Farm, and 1984. We have no time to be astonished and outraged. Not only. There has to be full scale action. Like an ant hill defending itself. Otherwise all this "society" false sense of security and righteousness will come crashing down like the house of cards it is. I see no way to win because people cannot coordinate and those with the means "got theirs" and are happy if they die in bed and not on the end of a gun.
 

Melissa Dawson (284)
Monday February 4, 2008, 11:43 am
I am making a sign posting their profits and going to stand in front of our closest Exxon gas station. I don't know what else to do... Everyone HAS to be disgusted by this, but we can't seem to get any REAL movements going to make a BIG stand and say "NO, WE WILL NOT PUT UP WITH THIS! It is the same with almost ALL the issues facing the US today. I am afraid that our "passive resistance" and petition signing and letter writing is falling on deaf ears.
 

Tahney H (169)
Tuesday February 5, 2008, 3:13 pm
I've been boycotting Exxon since the Valdez oil spill (which was before I could drive, but I complained about it to my parents who said they would get their gas elsewhere). I don't really know where I should buy my gas from though. Every time I see a car that's a gas guzzler, I get sick. I want to yell at them and say, do you know how many people died to fill up your gas tank?
 

Hans L (958)
Thursday February 7, 2008, 2:24 pm
It is crazy that people cannot buy from the smaller oil companies Exxon is the worst of all...
Buy from BP Shell or whatever just forget Exxon! The idea of boycotting the large oil companies is a very nice
idea and i think that the market could be corrected!!! 40 B is great for Exxon what will they give back to Nature
maybe 1 % for the earth?????
 
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