Monday, February 1, 2010

Those Poor, Poor Oil Companies

I've seen on Twitter and in the blogs that conservatives are complaining that Exxon Mobil had to pay some taxes this last quarter and that their profits are down.

Well, their profits are down:

In the fourth quarter, Exxon Mobil’s profit dropped 23 percent, to $6.05 billion, or $1.27 a share, compared with $7.82 billion, or $1.54 a share, in the period a year ago.

The earnings, however, beat analysts’ expectations, helping drive up shares, which rose 2.72 percent on Monday, to $66.18.

Revenue was up 6 percent, to $89.84 billion in the quarter.

The poor darlings only netted $6 billion (yes, that's billion with a capital B) in those three months. I should have it so rough.

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