Exxon Mobil hits all time high despite downgrade

XOM represents all that has gone wrong with capitalism in the US. It shows how a few large investors can earn tens or hundreds of thousands of dollars, and a hand full of executives can can earn tens of millions of dollers, all at the expense of our nations citizens. Citizens who are not able to properly heat their homes, families who are not able to take vacations with their children, and small businesses that are folding because they can not survive the high cost of petroleum products. Way to go Exxon Mobil, your uncontrolled greed threatens the very existance of our economy. It is my firm opinion that your executives are guilty of gross un-American practices and are laying the foundation for the collapse of the American economy. I never in my wildest dreams could have imagined the extent of such rampant and self serving selfishness. It is very possible your souls will rot in hell. And, appropriatly so.

Lets see now. ExxonMobil makes profit of 8 cents for every gallon of gas it sells. The Federal government confiscates 18.4 cents for every gallon of gas ExxonMobil makes and the State governments confiscate anywhere from 14 to 32 cents for every gallon of gas ExxonMobil makes. So tell me John, whose souls should rot in hell?

Fred is right on. Whining Socialist "John" is what is wrong with the US government Public "education" system. John evidently got an "A" in public school economics, where all one has to do to get a good grade is to bash Capitalism and America.

John ignorantly says "a few large investors...blah blah blah". Does this DOLT realize that MANY PENSION PLANS for working people have EXXONMOBIL in its HOLDINGS???

Whining Socialist "John": You don't like high gas prices? DON'T DRIVE or INVEST in ExxonMobil and earn 10-16% annually...

Tell me, what has Exxon-Mobil done wrong. We expect a company to make money. They are pretty doggone generous with it. Excuse me, I tried for years to make money, finally did, bought some Exxon stock and damn glad I did.

Wow, poor Exxon Mobile only makes 8 cents? Don't like the price of gas don't drive? Also don't buy any food or anything that's has the cost of gas built into it's price for delivery. You three Exxon shareholder suck-ups are so full of horse plop, if some stuck a pin in you, you'd pop with stank. Yes lets everyone buy Exxon Mobile and join in so they run the world out right. Typical scum bag shareholder mentality. "I'm making money;I see no evil" Say anything about corporate greed and you're a socialist? Some of you self serving greedy bstrds better wake up and figure out, if you wipe out the U.S. economy and keep funding terrorists your profit will mean nothing. Keep bleeding away the working and middle class, and one day you'll never be able to gouge enough to boost you share value.

I just got back from vacation in the U.K. were I paid almost $8.00 for a gallon of gasoline. Today I bought a gallon of milk for $4.29 and a loaf of bread for $3.26, on the way home I stopped and paid $2.77 for a gallon of regular gas. John stop whining and get your head out your liberal buttt! Like I always told my kids( you need more money! get another job! you can't pay to drive your car GET A STICK HORSE)

John and others are blaming EXXON for the sins of others. They really should look to Hugo Chavez, the booming economies in China, India and elsewhere, the members of government who prevent domestic exploration, the people who make it impossible to license/build new refineries in the US, OPEC, Nigerian insurgents, Iran, the mess in Iraq, MTBE on again off again policies, the idiotic Ethanol program,restrictive and varied state gasoline standards, the SUV generation, Katrina and similar events and not least the law of supply and demand. To blame EXXON is to blame the messenger. Check the facts John before posting next time.

I do have to agree with Fred and John. Companies like Exxon/Mobil are in business to make money. All companies are. Why not bash Wal-Mart. They are number one now? The oil companies have done more for this economy than most others. When Exxon/Mobil makes money for investors everyone benefits. Pension plans are just one of the many investors that makes profits for holding Exxon/Mobil. So you can whine all you want about mean spirited oil companies but they are paying my pension, I worked for them for 28 years, and no not as a senior manager, but as a middle level supervisor. I enjoy a better standard of living because of not only my efforts of saving but because of the matching 401k plans etc of the company. Have a great day.....

When someone pays $ 3.00 for a gallon of gas for the first time, the immediate reaction is that the seller is "ripping them off". But an informed consumer will try to find out why the price is so high. World events have dictated a huge increase in the price of the raw material which translates to a higher price at the pump. XOM makes most of its profit selling the raw material outside the USA and very little selling the finished product to a US consumer.

I'm a former U.S. Marine and I feel this country is the greatest Country in the world. But I must say I agree with John and Fred. Since this administration has been in office we've truly lost our morale compass. All that seems to matter is, not if we are doing the right thing but if something in the end is profitable. It seems that because some investors shares are doing well that they can care less for the rest of the American people who can't even afford to buy Stock let alone a loaf of bread that cost 3.27 cents. I know it's hard for some people to believe but there is someone in this country right now making a choice between putting gas in their vehicle to go to work or getting something to for their family to eat. And Don my friend believe it or not lots of people would love to get another job that pays more money but most of them are now being shipped overseas!