Reports of the recession’s end have been greatly exaggerated.
Exhibit A would be the shamefully embarrassing disclosure by Exxon-Mobil for 2009.
You may find this hard to believe, but the oil giant came out ahead by only … $19.3 billion!
I know what you’re thinking. When I saw that lame number, I too thought it had to be a misprint.
Sadly, it’s true.
That is only half of E-M's 2008 profit.
Oh, the humiliation!
Maybe some other nickel-and-dime companies on Wall Street would be satisfied with $19.3 bil, but that’s chump change to Exxon-Mobil. Heck, back in ’08, they cleared $14.8 billion in the third quarter alone!
The company has now seen decreases in each of the last five quarters. This was its lowest annual profit in seven years.
This simply can’t go on!
I don’t know how the CEO can show his face in public.
If he does, he should be immediately fired and replaced by someone who knows how to make some real money.
Monday, February 01, 2010
Profit problems
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1 comment:
Poor Exxon Mobil!
What's an awl company to do these days? Come on folks, let's all chip in a couple thou each, light some candles and sing a few verses of Kum By Ya! Pass the hat at the local bar and help a brother oil-baron-who-lives-a-life-the-rest-of-us-lumpin'-proletariat-will-never-see.
I'm getting all teary-eyed just thinkin' about it. SNORT!
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