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(Guardian)   ExxonMobil profits top $25 billion, up $1.8 billion from last year, exceeding GDP of Syria   (guardian.co.uk) divider line 207
    More: Obvious  
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4617 clicks; posted to Main » on 01 Feb 2005 at 1:38 PM (10 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2005-02-01 12:39:53 PM  
Colgate: Lay off capitalism. Best system in the world.

I won't argue that at all.

I will argue, however, that anyone who believes that the bottom line is the only thing that matters in life is a complete and utter tool.

I don't care how rich a person is, if they've farked people over left and right to get where they are and they don't care who they hurt in order to achieve their goals, they're worthless.
 
2005-02-01 12:40:10 PM  
Clearly if you are a proponent of business ethics, you want arbitrary caps on profits, and you actually hate capitalism. [/sarcasm]

DIA, your argument is absurd and actually painful to read. I've owned businesses all my life, I do business ethically, and I take my lumps or reap my rewards in profit and loss based on how good my decisions were/are, not based on what politician will take my phone calls, or how I can sneak a bill past a client. I am against corporations who deceive and cheat their way to profit, especially using an emergency condition (war) to bolster their profits (or minimize their losses.) There are no shortcuts to success, or at least there shouldn't be.

You're ascribing absurd things & false dichotomies & strawmen to anyone who says boo about questionable business ethics. It's pretty ridiculous. I have no idea what would compel you to defending a war profiteer gouging taxpayers, yet there you are doing so, badly, and trying to make proponents of business ethics look like anti-capitalists. Ridiculous.

How does one lie about their costs?

You're farking kidding us, right? Please tell me you're kidding, or are companies playing games with their accounting truly like an alien concept to you? You've got to be kidding.

Are you trying to convince people you're not worth discussing this with? What exactly are you trying to accomplish? Whatever it is, it's as absurd as a Monty Python skit. I'm not sure whether to laugh or ignore. If it's deliberate trolling, I must say it's brilliant. Otherwise....uhhhh...nevermind.
 
2005-02-01 12:51:50 PM  
An-Unnecessarily-Long-Name:

However I cant fault them for doing what their investors pay them to do.

Oh, now that's garbage.

If there was a group of people that were willing to fund me in my pursuit of a career in assassinations, would you not fault me simply because my investors paid me to kill people?

I realize that most companies (but not all) don't engage in killing as a matter of course, but many companies engage in other unethical and immoral practices. And, I can't see any reason to condone these immoral and unethical practices simply because they're being paid to engage in them.
 
2005-02-01 01:15:09 PM  
Dancin_In_Anson: All of that and they still lost almost a BILLION.

You are like Hannity, who repeats an accusation even after being corrected. I have explained this to you several times.

Halliburton lost a billion (in 2003 / 2004) because the company lost a $2 billion class action suit filed by hundreds of workers who were exposed to asbesthos (spelling), which resulted in cancer.

The money they made in Iraq made up for those loses.
 
2005-02-01 01:43:01 PM  
Tell me again why gas prices HAVE to be up around $2/gallon?
 
2005-02-01 01:43:56 PM  
Oh Yeah Baby!
/shareholder, if you can't beat 'em join 'em
//also invested in tabacco and booze. We all NEED gas, booze and smokes.
 
2005-02-01 01:44:31 PM  
That's a lot of simoleans. No wonder gas prices have hovered on the high side.
 
2005-02-01 01:45:39 PM  
Well gosh golly darn! If an energy company makes a profit, they MUST be evil and nasty. They must be up to no good... profits are bad! We need to level the playing field so that companies that make marshmallow peeps make as much profit as energy companies! Lord knows, there is absolutely no risk or skill involved in running an energy company, therefore, the profit earned should be restricted and the extra profit sent to the makers of marshmallow peeps... since they are the real forerunners of change and evolution of our society.

Enough with progress!!! Let's all ride bikes to work, and eat rice.

/wow.
 
2005-02-01 01:48:22 PM  
With that much cash, let's buy a third world country and just bomb the shiat out it for laughs.
 
2005-02-01 01:49:46 PM  
As a shareholder of Exxon Mobil, I am happy. God bless capitalism and G.W. Bush!
 
2005-02-01 01:51:38 PM  
don't expect gas prices to fall anytime soon, even before this bullshiat invasion, there was an OPEC surplus, the oil companies raise gas prices till people get fed up, then lower it a bit, then raise more. Also, the citizens of the US of A-holes will be paying for this war, but then again, most deserve it for voting for Bush. If oil profits actually did any good, Bush I would have gotten us out of debt, stupid. Foreign investment leads to international racketeering! Trickle down effect? Hey, thats not rain!
 
2005-02-01 01:51:47 PM  
Dancin_In_Anson is almost annoying as Hannity, save that we don't have to see his smug mug plastered across the screen.
 
2005-02-01 01:52:34 PM  
chill people, everyone deserves alittle profit. nuff said
 
2005-02-01 01:53:05 PM  
Is it sinking in yet?




Good God I hope so...
 
2005-02-01 01:53:08 PM  
I know that this news will cause an immediate boycott of all petroleum products, bringing the scum-sucking corporations to their knees!

Right? Who's with me?

/crickets chirping
 
2005-02-01 01:53:51 PM  
George_W_Hussein:

Halliburton lost a billion (in 2003 / 2004) because the company lost a $2 billion class action suit filed by hundreds of workers who were exposed to asbesthos (spelling), which resulted in cancer.

In other words, "What if?" Right?
 
2005-02-01 01:54:26 PM  
NEXT!
 
2005-02-01 01:55:58 PM  
Welcome to the USA. You are either the dick, or the ass bending over to take it.

Fark is full of asses

me included
 
2005-02-01 01:56:08 PM  
lansky:

Dancin_In_Anson is almost annoying as Hannity, save that we don't have to see his smug mug plastered across the screen.


Oh yeah?!

 
2005-02-01 01:58:26 PM  
Captain Obvious: Tell me again why gas prices HAVE to be up around $2/gallon?

Dumbass giving oversimplified Economics 101 explanation in 5..4..3..
 
2005-02-01 01:58:34 PM  
Is it wrong that I've started skipping the articles and coming straight to the comments for the flame war?
 
2005-02-01 01:58:34 PM  
with a market cap of $340 billion, profits of $25 billion, company profits were 7.36%.

interesting how $25 billion seems like a lot until you realize the equity holders have $340 billion invested in the company.

the same idiots that are screaming about the $25 billion number would scream even louder if the some company they had their 401(k) money invested in only generated profits of 7.36%
 
2005-02-01 02:00:16 PM  
Long name,

It's one thing to be a good business person, see the market and produce and sell a valuable service or product to that market. It's completely another thing to collude with friends in the government to get them to start a war, to cause mass confusion, fear, uncertainty, and doubt so that you can raise prices which would never could have been raised otherwise, and reap the profits via fearmongering.

When Apple produces the iPod and everyone thinks it's cool and are beating a path to Cupertino, that's good business savvy. When Exxon colludes with Bushco to make excuses to rape ANWR and get free access to oil reserves and get help with eminent domain to take people's property and drill drill drill, that's corruption from a dying business model gasping its last breath.

Commodities, such as oil, will always go down in price in the long term. The oil companies, rather than searching out new sources of energy to replace oil, chose to go the lazy way by getting help from the government to help drive up prices. And up they drove. Not just to sustain a nice cushy 6-10% profit, but some obscenely high amount which cannot be justified by any economic model.

When things like this happen, the pendulum eventually swings back and there will be negative repurcussions. Of course, the heads of Exxon et al won't feel a thing. The rest of us will. though.
 
2005-02-01 02:00:27 PM  
Dancin_In_Anson:

lansky:

Dancin_In_Anson is almost annoying as Hannity, save that we don't have to see his smug mug plastered across the screen.
Oh yeah?!


PHOTOSHOP!
 
2005-02-01 02:01:56 PM  
nerfball:

the same idiots that are screaming about the $25 billion number would scream even louder if the some company they had their 401(k) money invested in only generated profits of 7.36%


How true how true...
 
2005-02-01 02:02:35 PM  
Dancin_In_Anson: In other words, "What if?" Right?

What on god's green and blue earth does that have to do with anything?
 
2005-02-01 02:02:47 PM  
Hell, I make more than Syria.
 
2005-02-01 02:03:30 PM  
Um, anyone notice the pharma companies laid low and poo-pooh'd the need for medical cost reforms... waited until AFTER their pet got re-elected to suddenly bring out massive price hikes on all their most-popular/ most prescribed meds? Let's go back to the tape, and see what was said during the debates...
 
2005-02-01 02:03:32 PM  
Funny thing is, we'll never know what Halliburton did or did not do, seeing as there's 8 billion dollars lying around someplace that noone thought to follow.

That's an awfully big 'mistake.'

/does anyone really believe that all of that money went anywhere but in someone's pockets, and not those for whom it was targeted? Such a nice, tight, 'who, me?' condition for BushCo to be in
 
2005-02-01 02:04:42 PM  
DIA, after reading all these comments in length, I have decided that you are an unrecoverable jackass. This cannot be fixed by any other means than an immediate Rectalpediatric examination (foot up your ass). Alert me when you are in the southwest, I will make my best effort to reach you, as this is a serious condition. Until said time, I will make little ribbons to wear to work and sell them for a dollar so that I may reach you by plane, train or automobile all the sooner. If not possible, please reach the nearest Rectalpediatrist that your insurance covers. Try the closest biker bar.
 
2005-02-01 02:04:59 PM  
KyngNothing: What on god's green and blue earth does that have to do with anything?


I wasn't necessarily thring to bring anything other than the "what if" aspect of GWH's point. There are a million "what ifs" and they don't mean shiat when compared to the "what is"
 
2005-02-01 02:06:14 PM  
It's just the oil companies turn in line.
The train formed previously by the drug and defense companies bending over the US citizens with Dubyas blessings.
now watch this drive"
 
2005-02-01 02:06:35 PM  
nerfball:

the same idiots that are screaming about the $25 billion number would scream even louder if the some company they had their 401(k) money invested in only generated profits of 7.36%

I believe you're confusing stock market returns and profits...
 
2005-02-01 02:08:20 PM  
In other words, Kakashi420 you cannot make a rational point refuting my position, right?
 
2005-02-01 02:08:56 PM  
edverb:

"I am against corporations who deceive and cheat their way to profit, especially using an emergency condition (war) to bolster their profits (or minimize their losses.)"

I'm with edverb, let's boycott the companies that produce the ammunition and armor for our troops. They are using an emergency condition (war) to bolster their profits.
 
2005-02-01 02:09:15 PM  
Hey, I've got a great idea for the next photoshop contest, lets make dancin_in_anson look like a political candidate, or for that matter, just use his picture to make him look like more of a jackass than he already is. Flaming is addicting!
 
2005-02-01 02:09:25 PM  
Never in my life have I seen such a pathetic group of whiney-ass losers... You guys are just crying about boogeymen. "Oh, their going to RAPE Anwar!" Nice job of not using inflammatory rhetoric... whatever.

Ya'll need to watch the Ned Beatty speech in "Network" a few dozen times..
 
2005-02-01 02:10:59 PM  
Dancin_In_Anson:

In other words, Kakashi420 you cannot make a rational point refuting my position, right?

To wit, wtf? lol!

zinger.
 
2005-02-01 02:12:18 PM  
Dancin_In_Anson:

I wasn't necessarily thring to bring anything other than the "what if" aspect of GWH's point. There are a million "what ifs" and they don't mean shiat when compared to the "what is"
We've apparently got a problem here... there are two questions, did Halliburton make money off its Iraq contracts last year, and did Halliburton make money overall last year...

Now, the first can be true, even if the second is not. I honestly don't know the specifics of it, but you're making a false argument...
 
2005-02-01 02:13:05 PM  
Oh wow, I have stock in exxon.
exxxxxxxxxelent......
 
2005-02-01 02:13:15 PM  
fark this i say lets have the govt regulate fuel prices. say mandate that they can only make 3 cents a gallon. i usually depsise regulation but 99% of the time something becomes deregulated the price skyrockets.
 
2005-02-01 02:15:48 PM  
KyngNothing:

Now, the first can be true, even if the second is not. I honestly don't know the specifics of it, but you're making a false argument...

Bottom line. They lost money.

Period.
 
2005-02-01 02:17:11 PM  
It should be obvious that oil companies are boasting huge profits. Many companies, oil included, buy what are called futures contracts. This states that they will buy a product at a set price for the next X years. Price goes up the buyer profits, price goes down the seller profits. All over the news , oil barrel prices are soaring and oil companies convienently see an opprotunity to raise their prices even though most, I assume, are already locked in at around $30 a barrel. Its not like most of us will stop buying gas anytime soon. So demand stays the same and the price will keep going up.

/2 Cents
 
2005-02-01 02:17:42 PM  
Dancin_In_Anson: Bottom line. They lost money.

Period.



In other words, Kakashi420DIA you cannot make a rational point refuting my position, right?
 
2005-02-01 02:18:08 PM  
That is the problem with monopolies and ogliopolies - they can stick it to us.

fortunately they are publicly owned ogliopolies - so if you are smart, you can get some back.
 
2005-02-01 02:19:14 PM  
 
2005-02-01 02:19:34 PM  
Boo, hiss! Let's all root against this Dow 30 Industrial company making money! Not like thousands of Americans have this stock in their retirement portfolios, and I'm sure Exxon doesn't have any American workers. And Exxon doesn't pay taxes, right? And you guys all drive solar-powered vehicles, right?

Dumbasses. This site is getting as liberal as Slashdot.
 
2005-02-01 02:21:00 PM  
I just got back from a week in London - anyone in the U.S. that complains about the price of gas needs to STFU and check out what it's like in the rest of the world. Our gas is CHEAP compared to them. I'm sure I'm missing some obvious reasons why their gas is so much more expensive - can one of you brilliant farkers enlighten me?
 
2005-02-01 02:21:22 PM  
Dancin_In_Anson

Bottom line. They lost money.

Period.


So it would only have been naughty if they stole enough money to post a profit?

They poisoned workers - lose money in suit. Steal money in pilfered contracts (driving around empty trucks) to make up for suit losees, but its ok if they don't steal enough to make a profit?
 
2005-02-01 02:22:40 PM  
CUNextTuesday:

I'm sure I'm missing some obvious reasons why their gas is so much more expensive - can one of you brilliant farkers enlighten me?


They have ~75% gas taxes to pay for public transportation... if you take out taxes, their prices are very comparable...
 
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