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HOUSTON — Exxon Mobil and Royal Dutch Shell reported robust profits on Thursday for the third quarter based on higher oil prices and better refining margins.
Related Times Topic: Royal Dutch Shell Plc. Add to Portfolio MasterCard Inc Exxon Mobil Corporation Royal Dutch Shell Plc ConocoPhillips Morningstar Incorporated BP Plc National Oilwell VarCo Inc Go to your Portfolio » Earnings for the oil industry have been strong all week, especially for service companies like National Oilwell Varco and Weatherford International, which have benefited from rapidly growing drilling operations in shale oil and gas fields around the United States and a resumption of drilling in the Gulf of Mexico.
Exxon Mobil, the largest American oil company and an active driller in new shale fields in the United States, Europe and Argentina, said its capital and exploration expenditures of $26.7 billion for the first nine months of the year represented a record. Still, natural gas production was flat and oil production was moderately lower in the latest quarter, disappointing Wall Street analysts.
I GET THAT LAST SENTENCE DO YOU? OIL PRODUCTION LOWER MEANS RISING PRICES AND MORE PROFIT! THEY ARE GETTING RECORD PROFITS AND WALL STREET WANTS MORE! WHEN ARE WE GOING TO STOMP ON THESE CON ARTISTS? I MEAN IF GREED IS ALLOWED TO GO UNCHECKED IT WILL BRING A NATION DOWN QUICKER THAN WAR! GET ON THESE SO CALLED REPRESENTATIVE CONGRESSMAN WE HAVE. THIS IS MAINE,HEAT IS NOT A LUXURY BUT A NECCESITY HERE. PEOPLE MAKE LOW WAGES AND CANNOT PAY HIGH FUEL PRICES AND SURVIVE! GET OFF YOUR DUFF,BACK THE 99% CREW,CALL YOUR REPRESENTATIVE AND FIND OUT WHAT HE IS DOING ABOUT CUTTING THE PROFIT MARGIN OUT OF THE MIDDLEMEN IN THE FUEL BUSINESS! IF HE/SHE GIVES YOU THE RUN AROUND BLOG THEM! LET THE OTHERS KNOW THEIR NOT PROTECTING THE MAINE TAX PAYER!
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