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Making Money From Oil

Postby Colin on Sat 28/Oct/06 10:47am

High oil prices have caused spectacular results for the major oil companies in the last quarter with ExxonMobil reporting an astonishing profit of $10.48bn in the last three months, a figure which equates to $114m a day. It is the second highest highest profit recorded in a quarter, the record still being ExxonMobil's last quarter last year when the company made $10.71bn. Rival company Royal Dutch Shell posted a profit of $6.9bn. The results mean that Shell has now overtaken BP as Europe's largest energy company with a market valuation of $226bn, compared to BP's $224bn.

BP's third quarter profit was $6.9bn.
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Postby Stun on Sat 28/Oct/06 10:50am

Mental note - set up an oil company and get filthy rich.
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Postby j2hyde on Sat 28/Oct/06 11:36am

Better do it really soon...
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Postby Datsane on Sun 29/Oct/06 10:43am

Wonder if they will put any of the money into re-newable (sp) energy
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Postby Stun on Sun 29/Oct/06 10:46am

j2hyde wrote: Better do it really soon...


Maybe I should set up a company that sells oil companies... :huh:
With a 5 year exit strategy... :cool:
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Postby happybaboon on Sun 29/Oct/06 1:10pm

How long till someone sets up a "Making Money from Oli" thread? :eh:
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Postby Stun on Sun 29/Oct/06 1:13pm

happybaboon wrote: How long till someone sets up a "Making Money from Oli" thread? :eh:



:satan:
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Postby lubie on Sun 29/Oct/06 1:14pm

:lol: about as long as it took you to type that
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Postby happybaboon on Sun 29/Oct/06 1:20pm

...I see...
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Postby Dougal on Sun 29/Oct/06 7:59pm

Keep in mind that profit is after a team of accountants have burnt the midnight oil (pun intended) to reduce it as much as possible. :crazy:
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