6.9% increase in profits for Exxon Mobil... how cute

Today's Quote:

"The petroleum products we deliver are essential to the lives and livelihoods of Americans. Ready access to clean, affordable energy has been a foundation of our nation’s economic success, an engine of tremendous job creation, and a vital part of Americans achieving their dreams."

-Rex W. Tillerson
Chairman and CEO, Exxon Mobil Corporation


Sweet of Rex to think of us ... in't it?

When you hear 6.9% you may automatically think about what that kind of porfit would do to your bank account. Say you have $10,000 in the bank, a 6.9% increase would mean adding $690 to your balance. But when I hear that Exxon Mobil reported a 6.9% profit for the first quarter I become a little enraged because we are now talking about approximately $540 million dollars! I'm sorry you did you hear that??? $540 MILLION DOLLARS. Profits rose from $7.86 BILLION to $8.4 BILLION... I decided to visit their website... the following is how they explain why they price gas the way they do:


(visit http://www.exxonmobil.com/corporate/ for more information)

Everyday I listen to the news, and gas prices are amoung the top issues duscussed everyday. American's are outraged by the high costs. Airline ticket prices are rising, public transportation costs are rising, heating costs are rising and while all us little people spend and spend and spend on day to day living, the men upstairs are licking their lips. They tell us they care then act like they don't...

Congratulations Exxon Mobil - for your fortuitous windfall. I'm glad my hard-earned money is making someone rich...

-me