Posts Tagged ‘Chevron’

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EXXON/MOBIL Posts (Another) Record $11.68 Billion Profit

July 31, 2008

Crimes Against Humanity?
Source: CNN.com

Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.

That profit works out to $1,485.55 a second.

That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007.

Well at least SOMEones making ends meet during this time of economic hardship… wait… Anyone got an old rusty dull-bladed guillotine laying around in their basement somewhere?

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This Day In History: OIL Spikes $11 In ONE Day

June 6, 2008

GAS PRICES Spike $11 Bucks In ONE Day
Source: CNN Money, http://money.cnn.com/2008/06/06/markets/markets_newyork/index.htm?cnn=yes

Stocks tanked Friday, with the Dow industrials shedding 395 points, after oil prices spiked more than $11 a barrel and the May jobs report showed a big jump in the unemployment rate.

Bond prices surged, as investors sought safety in government debt, while the dollar tumbled versus the yen and euro.

Read more HERE.

$5 bucks a gallon by 4th of July weekend is what they’re saying now.

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100 Years To The Day Since Oil Discovered In IRAN

May 26, 2008

Middle East Oil Was Discovered 100 Years Ago to the Day In IRAN By the Company That Would Become BP AMOCO
Source: Wired

Wired.com features an interesting and rather timely article on the discovery of oil in the Middle East, which as it turns out was 100 years ago to this very day.

Read about how the worldwide fairy tale began HERE.

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