theluckycountry wrote:vtsnowedin wrote:Exxon made a profit of $5.12 per share last year. With 4,225,673,726 shares outstanding that is a tidy little profit.![]()
April 21, 2020
President Donald Trump on Tuesday promised the $181 billion oil and gas industry a federal bailout, after the price of oil suffered historic drops... Trump met with Big Oil executives earlier this month in the White House. In the foreground is Darren Woods, Chief Executive Officer of ExxonMobil.
Their profits are guaranteed.
https://www.alternet.org/2020/04/big-oi ... e-promise/
Actually during the Trump years Exxon had such bad results they were removed from the Dow 30 where they had sat for decades. They have come back a lot with the rise in oil prices under Biden policies but their profits were never guaranteed.