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through my senses -- most likely senseless

Thursday, October 27, 2005

katrina's gift to exxon

Exxon has posted the largest quarterly profit -- about $10 billion ... a new record in U.S Corporate history. if you dunno, Exxon is the largest publicly traded oil company. while many are worried about the ever increasing fuel costs, Exxon is probably waiting for the next hurricane to hike up the prices even more. other oil companies have also posted similar windfall profits.

maybe I should buy some stock in these companies :)

4 Comments:

Blogger Narayanan Venkitu said...

I bought EXXON in the early 30's and came out in 50's.!

Yeah, many oil companies have made a lot of money.!!

I think its over priced..!! So watch out.!

10:34 PM  
Blogger The Last Blogger said...

I agree. Oil companies are a risk buy currently. You want to wait out for the next trough.

10:24 AM  
Blogger Krish said...

Happy Deepavali Saranyan :-)

1:06 PM  
Blogger H.S. said...

i think u can buy:) remember this is coming from an oil field engineer,) just make sure you dont get your hands too oily:D
PS- happy diwali!

1:24 PM  

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