Exxon's Oil Production Declined 10% Over the Past Year. Will Hillary Tax Oil that Doesn't Exist?

So, their production went down, and they still recorded over $10 Billion in profit last quarter? Sounds like republican math to me!


And Hillary is a fool.Exxon's Oil Production Declined 10% Over the Past Year. Will Hillary Tax Oil that Doesn't Exist?
Exxon's production declined 9%, not 10%, and that was only because they wouldn't pay new taxes in Venezuela, and so some other company got that contract.





You guys keep missing the point that this is a ';commodities bubble';, and the bubble will burst as soon as there is someplace else to park those investments that offers reasonable returns.





And oil demand IS NOT increasing. That was and will be the long-term trend if nothing else changes, but for now, demand is decreasing because the prices are so high.Exxon's Oil Production Declined 10% Over the Past Year. Will Hillary Tax Oil that Doesn't Exist?
No, Exxon's oil profits have declined not production. But it is not the overall profits you should judge. It is the profit margin.


Shell had like 7.5% profit.


18 million went to taxes


16 million went to stock holders


Then they have extremely high overhead, equipment and exploration costs


This windfall tax that Hillary and Barack are suggesting will destroy our free market. It is pure communism.
No, but she will tax them into doing something to increase production.





Why would a company lower their production when demand is increasing all over the world?





Can you say gouging?
And the price went up, imagine that. Can anyone say Monopoly (AKA Standard Oil)?