this was just posted this morning about Exxon Mobiles profits

[dragonhawk1855]

it is going to be around 50% less on what they MAKE on a barrel of oil and may have to reduce how much their dividend that they pay out. to keep from over extending themselves.

oooo poor poor Exxon and their stock holders not getting a big enough dividend check every 3 months.

 

[hailtoyourvictor]

https://forums.rivals.com/search/6664674/

 

[SheriffBufordTJustice]

You do know ExxonMobil doesn't sell that much oil.
Majority of it goes to their refineries.

Since ExxonMobil controls a large percentage of the refinery end of the business they should be fine.

I have worked for them twice now including right now in the current.

Biggest concern is lack of travel. This will hurt more than price per Barrell. They could always make their profits at the production end.

If people don't purchase gas and Fuel between Memorial and Labor Day that could be an issue.

 

[lurkeraspect84]

I only buy exxon/mobil gas. use pennzoil high mileage synthetic for oil changes.

 

[sdave]

it is going to be around 50% less on what they MAKE on a barrel of oil and may have to reduce how much their dividend that they pay out. to keep from over extending themselves.

oooo poor poor Exxon and their stock holders not getting a big enough dividend check every 3 months.

lot of average people have put their money into these stocks and rely on that income to get by. Many are not fat cats. Many unions invest their money and rely on those dividends.

 

[brooky03]

it is going to be around 50% less on what they MAKE on a barrel of oil and may have to reduce how much their dividend that they pay out. to keep from over extending themselves.

oooo poor poor Exxon and their stock holders not getting a big enough dividend check every 3 months.

what’s your ax to grind with the oil industry? Lots of gas/oil posts lately.

 

[UL_1986]

what’s your ax to grind with the oil industry? Lots of gas/oil posts lately.

Lol fr

 

[SheriffBufordTJustice]

He obviously doesn't understand the business...

Because like I said ExxonMobil for the most part controls all parts of the industry.
That oil is being refined into different products for the most part.

They aren't selling barrels of oil at their stations.