Sneakers55
Champion Author
Houston
Posts:51,862
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Message Posted: Jun 17, 2009 12:22:08 AM
I have been very happy with Chevron stock. Doesn't have the bad karma from ExxonMobil.
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etchief
Rookie Author
Fort Worth
Posts:82
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Message Posted: Dec 11, 2008 7:51:36 AM
Simple answer? Yes.
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wesley08
Veteran Author
Atlanta
Posts:293
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Message Posted: Aug 19, 2008 8:53:44 PM
A good buy in today's market
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c2100
Champion Author
Vancouver
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Points:1,000,365
Joined:Mar 2004
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Message Posted: Jun 1, 2008 6:48:58 AM
I have
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c2100
Champion Author
Vancouver
Posts:6,528
Points:1,000,365
Joined:Mar 2004
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Message Posted: Feb 21, 2008 7:00:51 AM
yes
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c2100
Champion Author
Vancouver
Posts:6,528
Points:1,000,365
Joined:Mar 2004
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Message Posted: Jan 10, 2008 6:08:34 AM
Record oil profits to be taxed more heavily January 2, 2008, 23:19
Oil prices saw their biggest annual gain this decade in 2007. U.S. crude futures settled at $95.98, up from $61 dollars at the end of 2006. But the Russian government intends to raise industry taxes, enriching state coffers and putting pressure on Russian producers.
Outlining the economic policy for 2008, President Putin has indicated that the government plans to raise taxes on the oil industry. Currently the industry is benefiting from record high prices. It means that if the price hits triple digits, oil companies may have more to worry about than celebrate.
As the world's second largest oil exporter Russia is a major beneficiary of the oil price surge, which has seen the price jump from less than $US 70 in mid-2007 to more than $US 90 currently. You would think Russian oil companies should be rolling in cash, but taxation arrangements mean the price boom is largely passing them by.
http://www.russiatoday.ru/news/news/19305
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c2100
Champion Author
Vancouver
Posts:6,528
Points:1,000,365
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Message Posted: Dec 9, 2007 4:23:34 AM
I have
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c2100
Champion Author
Vancouver
Posts:6,528
Points:1,000,365
Joined:Mar 2004
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Message Posted: Nov 10, 2007 6:19:43 AM
Share holders should be happy
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Sneakers55
Champion Author
Houston
Posts:51,862
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Joined:Nov 2005
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Message Posted: Oct 12, 2007 2:10:40 PM
I've owned shares in Chevron since before the Texaco merger (owned Texaco before then).
I've been happy with the results overall.
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c2100
Champion Author
Vancouver
Posts:6,528
Points:1,000,365
Joined:Mar 2004
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Message Posted: Sep 1, 2007 7:19:57 AM
You bet
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c2100
Champion Author
Vancouver
Posts:6,528
Points:1,000,365
Joined:Mar 2004
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Message Posted: Aug 11, 2007 7:05:21 AM
Aries Maritime Transport Limited Announces Second Quarter 2007 Financial Results
PR Newswire
Company Declares Second Quarter Dividend of $0.21 per Share Based on Improved Vessel Utilization
August 08, 2007: 08:30 AM EST
ATHENS, Greece, August 8 /PRNewswire-FirstCall/ -- Aries Maritime Transport Limited today reported its financial results for the six months ended June 30, 2007. The following financial review discusses the results for the three months ended June 30, 2007 compared with the three months ended March 31, 2007 to provide a more meaningful comparison. It also refers to the results for the three months ended June 30, 2007 compared with the results for the three months ended June 30, 2006 as well as results for the six months ended June 30, 2007 compared with the results for the six months ended June 30, 2006.
Sequential Quarterly Results
Revenues of $26 million were recorded for the three months ended June 30, 2007, compared to revenues of $25.6 million recorded for the three months ended March 31, 2007. The increase in revenues is primarily attributable to improved vessel utilization during the three months ended June 30, 2007 compared to the three month period ended March 31, 2007.
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c2100
Champion Author
Vancouver
Posts:6,528
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Message Posted: Jul 19, 2007 7:11:35 AM
Obscene?
New York Sun Editorial
January 17, 2007So the new Democratic speaker of the House, Nancy Pelosi, has a word for oil company profits — "obscene." That was the word she used in her hometown of San Francisco at a breakfast marking Martin Luther King Day. It's not a good omen for the future of the American economy when one of the top politicians says that companies are making too much money for their shareholders.
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c2100
Champion Author
Vancouver
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Message Posted: Jun 26, 2007 5:52:40 AM
BP, TNK-BP To Form Strategic Alliance With OAO Gazprom; To Sell Stake In Russia Gas Project For $700 - $900 Mln - Update [BP]
6/22/2007 10:49:56 AM Friday morning, UK-based gas and oil company BP Plc (BP, BP.L) and its Russian joint venture TNK-BP Ltd. revealed the signing of a memorandum of understanding to form a strategic alliance with Russian gas giant OAO Gazprom. Under the agreement, TNK-BP agreed to sell its 62.89% stake in Rusia Petroleum and 50% interest in East Siberian Gas Company, or ESGCo, to Gazprom for about $700 million - $900 million. BP, TNK-BP, and Gazprom will make joint investments in major long-term energy projects or swap assets around the world.
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c2100
Champion Author
Vancouver
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Message Posted: Jun 6, 2007 6:45:43 AM
Oil companies don't lose money;
Oil company exec says high profits justified
Midland Reporter-Telegram
06/03/2007
The Denver Post
Denver -- Record profits earned by America's big oil companies are a fair result of tight supplies and strong demand, a ConocoPhillips executive said Wednesday.
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c2100
Champion Author
Vancouver
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Message Posted: Apr 18, 2007 6:51:06 AM
Obscene?
New York Sun Editorial
January 17, 2007
So the new Democratic speaker of the House, Nancy Pelosi, has a word for oil company profits — "obscene." That was the word she used in her hometown of San Francisco at a breakfast marking Martin Luther King Day. It's not a good omen for the future of the American economy when one of the top politicians says that companies are making too much money for their shareholders. That's what companies are supposed to do in capitalism — maximize profits. If the oil company executives had done anything short of it, Ms. Pelosi's trial lawyer campaign contributors would be hounding them with shareholder lawsuits.
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c2100
Champion Author
Vancouver
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Message Posted: Mar 29, 2007 7:19:33 AM
fuel is in sort supply once again, profits are up
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c2100
Champion Author
Vancouver
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Message Posted: Feb 8, 2007 1:45:26 PM
More profits announced in the last few days
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bruiser73
Champion Author
Kentucky
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Message Posted: Dec 30, 2006 8:53:27 AM
Profits are made in many businesses but oil companies make very good ones to say the least.
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c2100
Champion Author
Vancouver
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Message Posted: Dec 28, 2006 11:00:53 AM
Crash pilot fears his plane's a lost cause
Email this storyPrint this story Friday December 29, 2006
By Juliet Rowan
Attempts will be made today to salvage the twin-engine Britten-Norman Islander from the muddy waters of the Te Puna Estuary. Photo / Alan Gibson
Attempts will be made today to salvage the twin-engine Britten-Norman Islander from the muddy waters of the Te Puna Estuary. Photo / Alan Gibson
A fresh salvage operation will be launched today to haul a plane out of the Te Puna Estuary after a remarkable emergency landing yesterday.
Pilot Paul Ensor said an attempt would be made with air bags and a digger to winch his "livelihood" to safety after rescue operations failed yesterday at the site, about 12km west of Tauranga Airport.
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c2100
Champion Author
Vancouver
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Message Posted: Dec 8, 2006 8:22:50 AM
Your own home.
November 15, 2006
High Profits Even in Slumping Markets
Chris Palmeri
In October, the average San Diego home sold for $485,000, a 5.5% decline from October of 2005. The actual number of homes sold was down 21% year-over-year. But that doesn't mean all those sellers were losers. Hardly. According to research from First American Real Estate Solutions, a real estate data unit of title insurer First American, the average home seller in San Diego made a profit of $243,000 that month. That's the different between the price they bought it at, five years ago on average, and what they sold it for today. First American calcuates that only 6% of San Diego sellers lost money on their homes, most likely because they bought it in just the past year. The story looks even better in other parts of Southern California where home prices have held up better than San Diego
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c2100
Champion Author
Vancouver
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Message Posted: Nov 30, 2006 8:10:08 AM
Banks also make good profits.
Wed, November 29, 2006
$2.7B-profit low
BMO posts highest numbers ever but last quarter seen as disappointing
By CP
TORONTO -- The Bank of Montreal (TSX:BMO) has booked its highest-ever annual profit - an 11% increase to $2.7 billion - but analysts said the latest quarter was disappointing and could signal turbulent times ahead.
Full-year earnings of $2.66 billion or $5.15 per share came on a 1.5% increase in revenue to $9.99 billion, helped by a record profit of $710 million in the third quarter.
The bank announced an increase in its quarterly dividend to 65 cents per share, up three cents, representing a payout of about half of the past year's earnings available to common shareholders.
The Toronto-based bank, also known as BMO Financial Group, reported yesterday its revenues were $2.46 billion in its fourth quarter ended Oct. 31, off from $2.62 billion a year ago.
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c2100
Champion Author
Vancouver
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Message Posted: Nov 14, 2006 8:31:23 AM
Yes
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c2100
Champion Author
Vancouver
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Joined:Mar 2004
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Message Posted: Nov 7, 2006 8:24:49 AM
Why are oil company profits so large?Oil & Natural Gas Profits vs. All Industry
Profits of major oil companies in 2005 were considerably higher than the previous year's. The big percentage increase helped support the impression that oil profits are excessive, but business analysts stress that other measures should be considered in assessing a company's or industry's profit picture. Business Week magazine, for example, regularly monitors the profitability of various companies and industries by comparing their profit margins. To determine profit margin, the magazine divides net income by total revenue. In the case of oil and gas companies, total sales consist of the money they receive from selling their products, as well as revenue received from any other sources. Net income is the money left over after all costs and taxes are paid.
Over the long haul oil profits generally remain below or on a par with those of other major industries. As the chart indicates, the Business Week analysis of the data from the five-year period of Sept. 2000 to Sept. 2005, shows that the profitability of oil and natural gas companies (5.8 cents per dollar of sales)2 has been just slightly above the profitability of all industries combined.
2 Not to be confused with profit margin on each gallon of gasoline sold, as described in the first question.
http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm
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c2100
Champion Author
Vancouver
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Message Posted: Nov 4, 2006 7:54:49 AM
Last Updated: Friday, 27 October 2006, 14:25 GMT 15:25 UK
Chevron pumps more oil and profit
Chevron petrol station
US drivers groaned when petrol hit $3 a gallon in the summer
US oil company Chevron has announced a 40% rise in third-quarter profit, thanks to record oil prices and its takeover of rival Unocal in 2005.
http://news.bbc.co.uk/2/hi/business/6091770.stm
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c2100
Champion Author
Vancouver
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Message Posted: Nov 3, 2006 10:32:50 AM
Asset sales help BP profits to soar 58%
MARTIN FLANAGAN CITY EDITOR
OIL giant BP yesterday pumped out third-quarter profits up 58 per cent at $6.97 billion (£3.73bn) - but the figure was flattered by $2.2bn of exceptional gains from things such as asset sales and retro-active tax changes.
Stripping out these gains, Q3 profit came in at about $4.50bn. The oil giant's nine-month profits rose 23 per cent to $18.36bn (£9.82bn).
http://business.scotsman.com/index.cfm?id=1576942006
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c2100
Champion Author
Vancouver
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Message Posted: Nov 2, 2006 7:14:25 AM
From Reuters UK
Oil prices boost Shell profits
Thu Oct 26, 2006 1:55 PM BST14By Tom Bergin
LONDON (Reuters) - Oil major Royal Dutch Shell beat all forecasts with a 21 percent rise in underlying third-quarter profit, thanks to high oil prices and strong output figures, pushing its shares up as much as 3.8 percent.
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c2100
Champion Author
Vancouver
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Message Posted: Nov 1, 2006 12:56:09 PM
http://www.theglobeandmail.com/servlet/story/LAC.20061101.RTICKER01-6/TPStory/Business
POSTED ON 01/11/06
Imperial profit jumps on price, output surge
Third-quarter profit at Imperial Oil Ltd. jumped 26 per cent on higher heavy crude prices and a surge in output at a major Alberta project, the oil producer and refiner said yesterday.
Imperial, known for extensive heavy oil and oil sands operations as well as its national Esso gas station chain, earned $822-million or 84 cents a share, up from a year-earlier $652-million or 64 cents.
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