Random Stock Market Thoughts

Monday, January 30, 2006

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Not Bad For 3 Months Work

Exxon Mobil's Q4 Profit: $10.7 Bil

Soaring energy prices fueled the biggest profit for a U.S. company ever, a politically touchy issue. Exxon (XOM) earned $1.65 a share ex items, up 27% vs. a year ago and beating views of $1.44. Revenue rose 20% to $99.66 bil. Profit and sales growth actually were the slowest since Q1 '04. New projects' output helped exploration and production results. Exxon rose 3% to 63.11, the best since Oct. 3.

-credit Investors Business Daily for this blurb.

I must say that is alot of money. Do I agree with people bitching about how much that company makes and how its wrong - NO! They sell what people need. Come up with a better idea, come up with an alternative solution, put XOM out of business with your idea. Until then, pay up, because they have what you need and there is no way around it. Maybe you should just buy stock in an oil company and make money when they do...just a thought.

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