NEWS: Exxon Mobil profits exceed $25bn

Exxon Mobil's profits rose to $25.33 billion. The increasing demands for oil from China and India along with worries of increasing problems in the Middle East have fueled a rise in prices to a thirty year high. The Texas based company exceeded market expectations.



In a troubled economy when rising gas prices concern middle-class hardworking people and people in the United States continue to sink below the poverty line, it's nice to know companies have benefited from our exploitation. Or in the words of Chairman Lee Raymond, "Strong operational performance in all areas of our business helped Exxon Mobil capture the benefits of favourable market conditions in 2004."

Nice to see a new face. erm. Hear a new voice.

Production went down, but profits went up 17%. Bet the farmers and ranchers wish they were so lucky. ...As a matter of fact, I could use some "favorable market conditions" myself.


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I hate to reduce everything to politics, but we can thank our current leaders for the "favourable market conditions" and their professional connections in the oil industry.

At least Exxon has now the funds to develope Alaska oilfields.

Gee, think they'll use a few billion of it at least to look into developing a cleaner, more environmental freindly energy source? maybe lessen THEIR DEPENDENCE on the Middle East oil reserves....so we can quite worrying about keeping the area stable for them?