Exxon Mobil Record Profits - $9.92B

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Oct 28, 2005 | 11:40 PM

#21

5.3 racer16

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Joined: Sep 2004

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From: TX

does all this mean prices can gm down?with them not losing money?

Oct 29, 2005 | 02:22 AM

#22

goshawk23

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Joined: Apr 2003

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From: Ocean Springs, MS

i would think the price could go down and they still turn a decent profit. but why lower it when people are still paying the price for it?

Nov 9, 2005 | 11:04 AM

#23

Mr. Sandog

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Joined: Mar 2004

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From: Sun Diego

Big oil companies defended their combined quarterly profits of more than $30 billion

"Big oil companies defended their combined quarterly profits of more than $30 billion at a Senate hearing on Wednesday, warning lawmakers that proposals for a windfall profit tax could discourage investments and lead to higher prices."

Read more about it here.