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Largest oil and gas producers made close to $100bn in first quarter of 2022

submitted by allahead to whatever 1.9 yearsJun 25, 2022 13:43:45 ago (+23/-1)     (files.catbox.moe)

https://files.catbox.moe/4hlxsw.png

It's just supply and demand goy.

Largest oil and gas producers made close to $100bn in first quarter of 2022
https://archive.ph/1gf3S

These Top 5 Oil Companies Just Raked In $35 Billion While Americans Pay More at the Pump
https://archive.ph/CRy4X


25 comments block


[ - ] cyclops1771 4 points 1.9 yearsJun 25, 2022 14:35:12 ago (+4/-0)

Now do their losses from 2019-2021, faggot.

[ - ] allahead [op] 1 point 1.9 yearsJun 25, 2022 15:11:18 ago (+1/-0)

I take it you're in the industry?

[ - ] ItsOk2bArian 0 points 1.9 yearsJun 26, 2022 07:27:47 ago (+0/-0)

Enlighten us with your infinite wisdom about the poor oil companies and their struggles. Oil shouldn't even be allowed to be a privately owned industry. Like all energy resources, "We The People" should control our power needs instead of letting psychopaths sell it to us. Obviously that is a much deeper conversation, but you get the point. The masses are restricted, enslaved, and even slaughtered by those that control the literal power.

[ - ] cyclops1771 0 points 1.9 yearsJun 26, 2022 08:10:10 ago (+0/-0)

Whine more faggot. I'll take Exxon selling a commodity over Mexico and Venezuela state owned oil every day. If you think it is so great to have government controlled energy from commodities, go there and see the wonderful paradise it will bring you.

Publicly owned utilities tend to have much higher prices to consumers than privately held ones do.

Like all energy resources, "We The People" should control our power needs instead of letting psychopaths sell it to us

This has never ever been the case in all of history, well except fucking Iceland, goddamit Iceland, you fuck everything up!

No one is making you buy energy from anyone. Build a solar beer can heater, build a swamp cooler or Icyball out of old propane tanks and radiator coils. Put up a windmill. If your land has any elevation, get a pump and a waterwheel and create hyrdopower. Buy a gerbil and attach it to a generator. Burn wood under a water tank. Ride a strationary bike attached to outlets. Ride a bicycle where you need to go if you dont like using "psychopaths energy." And then pick up a book about commodities and learn something intelligent rather than

[ - ] ItsOk2bArian 0 points 1.9 yearsJun 28, 2022 17:30:20 ago (+0/-0)

So Iceland can do it, but no one else can. Thank you for shitting on your own argument and introducing me to that information. I was unaware of Iceland's success.
I do live off grid, full solar, with a forest of trees to cut down for heating and building materials. I'm creating a farming space that should be sufficient to feed my family by my math.
I'm also studying a program for creating good biodiesel by filtering debris and then extracting the glycerin out off used cooking oil.
I have listened to the advice and warnings of the goats and I am building a sustainable property. If I can clear enough land to grow food for my farm animals, my only input could potentially be Internet access. How's your homestead coming along buddy?

[ - ] ItsOk2bArian 0 points 1.9 yearsJun 28, 2022 19:16:33 ago (+0/-0)

So Iceland can do it, but no one else can. Thank you for shitting on your own argument and introducing me to that information. I was unaware of Iceland's success.
I do live off grid, full solar, with a forest of trees to cut down for heating and building materials. I'm creating a farming space that should be sufficient to feed my family by my math.
I'm also studying a program for creating good biodiesel by filtering debris and then extracting the glycerin out off used cooking oil.
I have listened to the advice and warnings of the goats and I am building a sustainable property. If I can clear enough land to grow food for my farm animals, my only input could potentially be Internet access. How's your homestead coming along buddy?

[ - ] cyclops1771 0 points 1.9 yearsJun 28, 2022 21:16:29 ago (+0/-0)

Yeah, Iceland has geothermal heat free to everyone. If only everywhere had active volcanoes.

[ - ] taoV 3 points 1.9 yearsJun 25, 2022 15:17:28 ago (+3/-0)

But that's like 1 billion in 2025 dollars.

[ - ] allahead [op] 0 points 1.9 yearsJun 25, 2022 15:20:54 ago (+0/-0)

Hopefully they'll start printing the $1 million dollar notes on toilet paper. That glossy stuff is hard to wipe with.

[ - ] FreeinTX 3 points 1.9 yearsJun 25, 2022 14:35:51 ago (+3/-0)

Which one of those oil companies had a profit margin over 6%?

If you have to put up $100 Billion to make $6 Billion, what's the problem?

6% is low compared to virtually every other sector in this country and the threat of reduced return on investment caused by the Biden Admin means no expansion possible.

Biden's handlers campaigned Biden on the promise to do this. They are keeping that promise.

[ - ] Clubberlang 1 point 1.9 yearsJun 25, 2022 22:40:04 ago (+1/-0)

During the 2020 original 15 days they were crying that a barrel of oil was below 50 dollars.

Now they are making that money back plus for doing what their overlords told them to.

[ - ] Spaceman84 1 point 1.9 yearsJun 25, 2022 15:35:55 ago (+1/-0)

On how much revenue?

[ - ] ThisGuy 1 point 1.9 yearsJun 25, 2022 14:47:52 ago (+1/-0)

I guess you could always just make your own, wiseass.

[ - ] ItsOk2bArian 0 points 1.9 yearsJun 26, 2022 07:12:44 ago (+0/-0)

Biodiesel is a real thing and a growing market. After the glycerin is processed out, it might not even fuck up your valves

[ - ] Not_C 0 points 1.9 yearsJun 25, 2022 19:37:19 ago (+0/-0)

Yes, they got 3x more dollars. But each of those dollars are worth 1/10 of what they used to be worth.

[ - ] localsal 0 points 1.9 yearsJun 25, 2022 18:20:48 ago (+0/-0)

Does anyone complain when the prices for wheat, corn, etc are high and farmers make a huge profit?

Oil in the ground is a static cost material, much like farming. It takes X amount for the setup, and then add in labor, etc, but the actual extracted value is essentially zero cost - it's just sitting there and nature is doing the work.

If the selling price goes up, then there is a lot of profit to be had - that's the natural order of almost every good. Look at the idiot phones that are priced at $1500... are any normies complaining about apple's huge profits?

[ - ] allahead [op] 2 points 1.9 yearsJun 25, 2022 19:29:40 ago (+2/-0)

Damn there are a lot of butt hurt pro big oil shills on here.

If the selling price goes up, then there is a lot of profit to be had.

Well, no shit. They're taking a lot of profit right now, that's the only point. "But whataboutism..." jew tactics.

[ - ] Clubberlang 1 point 1.9 yearsJun 25, 2022 22:41:48 ago (+1/-0)

farmers make a huge profit

I think statistically farmers get raped financially on return of product sold.

[ - ] localsal 0 points 1.9 yearsJun 26, 2022 14:31:17 ago (+0/-0)

There are very few industries where the (((buyer))) gets to set the price of the goods - farming is one of them.

In a real market, the seller would be able to take the sum total of all of the expenses to produce X bushels and add in a profit markup and make that the selling price. Why does that not happen? It happens at the market, right? Why not for the farmer?

[ - ] Clubberlang 0 points 1.9 yearsJun 26, 2022 22:37:21 ago (+0/-0)

jews and greed

[ - ] ItsOk2bArian 1 point 1.9 yearsJun 26, 2022 07:20:17 ago (+1/-0)

You clearly don't know shit about the farming industry and your comparison to the oil industry is seriously flawed, so I'm just gonna assume your a jew using your "opinion" to divert the conversation and move on with life.

[ - ] localsal 0 points 1.9 yearsJun 26, 2022 14:34:27 ago (+0/-0)

Nice strawman.

How about some rebuttal details? Oh, I get it, you have none.

My comparison is valid - show me where I am wrong. How many other industries have an output that increases naturally? (fertilizer can be included in the cost and labor, right?)

Does it take a factory worker to make each little wheat stalk grow? LMAO. Get over yourself.

[ - ] ItsOk2bArian 0 points 1.9 yearsJun 28, 2022 17:13:22 ago (+0/-0)

Try growing something from seed and nurturing it to fruition. Then go to your local "tank farm" where they store, mix, and manufacture petroleum products. Not a direct comparison at all,unless you choose to see it that way by discrediting the vast differences

[ - ] localsal 0 points 1.9 yearsJun 28, 2022 21:06:40 ago (+0/-0)

I have worked in the oil fields - after the drilling, where the money rolls in....

Not in manufacturing, like you are intimating. Pumping the oil - a natural resource.

I also grow.

There is a big difference between the final petroleum products and the crude pumped from the wells. The crude is there for the taking, just like the harvest, after the initial expenses.

[ - ] Anus_Expander 0 points 1.9 yearsJun 25, 2022 16:28:42 ago (+0/-0)

But what was their profit MARGIN?? 'Profit' is a meaningless term.