Somehow I'm not really Surprised. - Fantasy Baseball Cafe 2014 Fantasy Baseball Cafe
100% Deposit Bonus for Cafe Members!

Return to General Talk

Somehow I'm not really Surprised.

Moderator: Baseball Moderators

Somehow I'm not really Surprised.

Postby Pogotheostrich » Thu Oct 27, 2005 12:35 pm

Profits gush for Exxon Mobil
Nearly $10 billion net income in the quarter for the world's largest publicly traded oil company.
October 27, 2005: 9:29 AM EDT

NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday quarterly profit surged 75 percent to nearly $10 billion, raking in a bonanza from record oil prices.

The profit was the highest in the company's history, surpassing the record it set in the 2004 fourth quarter. Revenue jumped 32 percent to just over $100 billion.

Two powerful hurricanes ripped through the Gulf of Mexico in the third quarter, disrupting energy operations in the region and sending oil prices and refining margins sharply higher.

Exxon Mobil said net income rose to $9.9 billion, or $1.58 a share, in the third quarter from $5.68 billion, or 88 cents a share, a year earlier.

Excluding a gain of $1.62 billion from restructuring its stake in a Dutch gas transportation business, earnings were $1.32 per share. On that basis, analysts' average forecast was $1.39, according to Reuters Estimates.

Exxon (unchanged at $56.50, Research) shares rose slightly in pre-market trade.

The company's oil and gas production fell 4.7 percent from a year earlier as outages caused by Hurricanes Katrina and Rita, maintenance activities, and maturing fields more than offset higher production from new fields in West Africa.

Excluding the impact of the hurricanes, divestments and entitlement effects, output fell one percent.

Still, record crude oil prices -- which touched $70 a barrel in the quarter -- pushed earnings at its exploration and production unit to $5.73 billion in the quarter, up $1.8 billion from a year earlier.

At the company's refining and marketing operations, profit rose to $2.13 billion, up $727 million from a year earlier, as stronger refining margins outweighed weak marketing margins and lower petroleum product sales.

Earnings at its chemicals division tumbled to $472 million, down $537 million from a year earlier, due to higher feedstock costs and lower margins.

Exxon Mobil's capital expenditures jumped to $4.41 billion from $3.63 billion a year earlier.

Shares of Exxon Mobil, the largest of the so-called "super-major" oil companies, rose more than 10 percent in the quarter, underperforming the broader Standard & Poor's integrated oil and gas index, which rose more than 13 percent.



link

:-P
Image
Pogotheostrich
Hall of Fame Hero
Hall of Fame Hero

User avatar
CafeholicResponse TeamFantasy ExpertCafe WriterMock(ing) DrafterEagle EyePick 3 Weekly WinnerLucky Ladders Weekly Winner
Posts: 21509
(Past Year: 450)
Joined: 9 Dec 2002
Home Cafe: Baseball
Location: St. Louis

Postby logan » Thu Oct 27, 2005 1:09 pm

shocking :-C
logan
General Manager
General Manager

Mock(ing) DrafterLucky Ladders Weekly Winner
Posts: 2810
Joined: 4 Jun 2004
Home Cafe: Football
Location: newark,delaware

Postby RugbyD » Thu Oct 27, 2005 1:11 pm

news item: "Private company makes large profit on product that makes the world, especially the US, an awesome place to live."

news item: "Principle of supply and demand operating exactly as it should."

am i missing something here?
TennCare rocks!!!!
RugbyD
Hall of Fame Hero
Hall of Fame Hero

User avatar
Cafe Ranker
Posts: 5591
(Past Year: 4)
Joined: 7 Dec 2004
Home Cafe: Baseball
Location: punting small dogs and being surly

Postby Coppermine » Thu Oct 27, 2005 1:20 pm

I found this interesting... while everone is moaning and groaning over high gas prices while the oil companies continue to get richer and richer, some folks are quick to point out that "in every other country, they pay far more than we do for gas."

Actually, that's certainly not the case. European nations have high gas prices, this is true... they also pay out their noses in taxes, have a high cost of living and access to the best public transportation systems in the world.

South America on the other hand... well, if you live in Venezuela, you're looking ot pay about 12 cents on the gallon, US dollars. Check out the chart:

Thinking about trading in that Hummer for a moped? You should...


Nation Price in USD Regular/Gallon
Netherlands $6.48
Norway $6.27
Italy $5.96
Denmark $5.93
Belgium $5.91
Sweden $5.80
United Kingdom $5.79
Germany $5.57
France $5.54
Portugal $5.35
Hungary $4.94
Luxembourg $4.82
Croatia $4.81
Ireland $4.78
Switzerland $4.74
Spain $4.55
Japan $4.24
Czech Republic $4.19
Romania $4.09
Andorra $4.08
Estonia $3.62
Bulgaria $3.52
Brazil $3.12
Cuba $3.03
Taiwan $2.84
Lebanon $2.63
South Africa $2.62
Nicaragua $2.61
Panama $2.19
Russia $2.10
Puerto Rico $1.74
Saudi Arabia $0.91
Kuwait $0.78
Egypt $0.65
Nigeria $0.38
Venezuela $0.12
source: CNN Money
If you're a battery, you're either working or you're dead....
Coppermine
Hall of Fame Hero
Hall of Fame Hero

User avatar

Posts: 8840
Joined: 6 Sep 2005
Home Cafe: Baseball
Location: Pennsyltucky

Postby pokerplaya » Thu Oct 27, 2005 1:30 pm

I wonder what the per capita income is in Venezuela...that will tell a much different tale if you pro-rate the difference.
pokerplaya
Kitchen Staff
Kitchen Staff

User avatar
CafeholicFantasy ExpertCafe WriterCafe RankerMock(ing) DrafterEagle EyeCafe MusketeerPick 3 Weekly WinnerLucky Ladders Weekly Winner
Posts: 12812
(Past Year: 14)
Joined: 18 May 2004
Home Cafe: Baseball

Postby RugbyD » Thu Oct 27, 2005 1:36 pm

pokerplaya wrote:I wonder what the per capita income is in Venezuela...that will tell a much different tale if you pro-rate the difference.


That's a small part of it, but more importantly, Venezuela is a major oil producer (OPEC ain't just for the a-rabs) and the industry is state-owned as one company, PDVSA. Notice how the lowest cost countries are generally the largest producers (yeah, even Nigeria).
TennCare rocks!!!!
RugbyD
Hall of Fame Hero
Hall of Fame Hero

User avatar
Cafe Ranker
Posts: 5591
(Past Year: 4)
Joined: 7 Dec 2004
Home Cafe: Baseball
Location: punting small dogs and being surly

Postby Coppermine » Thu Oct 27, 2005 1:43 pm

Yeah, it's interesting though... poor Holland... I guess they spend so much time in their wooden shoes because gas is way too expensive.
If you're a battery, you're either working or you're dead....
Coppermine
Hall of Fame Hero
Hall of Fame Hero

User avatar

Posts: 8840
Joined: 6 Sep 2005
Home Cafe: Baseball
Location: Pennsyltucky

Postby StlSluggers » Thu Oct 27, 2005 1:57 pm

Coppermine wrote:Yeah, it's interesting though... poor Holland... I guess they spend so much time in their wooden shoes because gas is way too expensive.

Poor Holland? I think not. They chose socialism all on their own.
StlSluggers
Hall of Fame Hero
Hall of Fame Hero

User avatar
CafeholicCafe WriterMock(ing) DrafterWeb Supporter
Posts: 14716
(Past Year: 18)
Joined: 24 May 2004
Home Cafe: Baseball
Location: Parking in the gov't bldg @ 7th and Pine. It's only $3.00 on game day!

Postby bigh0rt » Thu Oct 27, 2005 2:00 pm

StlSluggers wrote:
Coppermine wrote:Yeah, it's interesting though... poor Holland... I guess they spend so much time in their wooden shoes because gas is way too expensive.

Poor Holland? I think not. They chose socialism all on their own.


Beat me to it. The woord 'Poor' and 'Holland' should probably never be used consecutively in a sentence, unless you're referring to someone named Holland, and even then, just slap his/her parents. :-b
Image
bigh0rt
Hall of Fame Hero
Hall of Fame Hero

User avatar
CafeholicCafe WriterGraphics ExpertMock(ing) DrafterEagle EyeInnovative MemberCafe MusketeerWeb SupporterPick 3 Weekly Winner
Posts: 24640
(Past Year: 814)
Joined: 3 Jun 2005
Home Cafe: Baseball
Location: Crowding The Plate

Postby Coppermine » Thu Oct 27, 2005 2:01 pm

I was being sarcastic.

Seriously, if there's one nationality I'd like to avoid, it's the dutch.

WTF?

People from Holland, which is also called The Netherlands, are the Dutch?

Pretentious bastards!
If you're a battery, you're either working or you're dead....
Coppermine
Hall of Fame Hero
Hall of Fame Hero

User avatar

Posts: 8840
Joined: 6 Sep 2005
Home Cafe: Baseball
Location: Pennsyltucky

Next

Return to General Talk

Who is online

Users browsing this forum: unioreimi and 23 guests

Forums Articles & Tips Sleepers Rankings Leagues


Today's Games
Wednesday, Apr. 16
(All times are EST, weather icons show forecast for game time)

Atlanta at Atlanta
(12:35 pm)
NY Yankees at NY Yankees
(12:35 pm)
Chi Cubs at Chi Cubs
(1:05 pm)
Detroit at Detroit
(1:10 pm)
Cleveland at Cleveland
(3:40 pm)
Washington at Miami
(7:05 pm)
indoors
Seattle at Texas
(7:05 pm)
Kansas City at Houston
(7:08 pm)
Toronto at Minnesota
(7:10 pm)
Boston at Chi White Sox
(8:05 pm)
LA Angels at LA Angels
(8:10 pm)
Oakland at Oakland
(8:10 pm)
San Diego at San Diego
(8:10 pm)
Colorado at Colorado
(10:05 pm)
San Francisco at San Francisco
(10:10 pm)
LA Dodgers at LA Dodgers
(10:15 pm)

  • Fantasy Baseball
  • Article Submissions
  • Privacy Statement
  • Site Survey 
  • Contact