dc122186 t1_iuizc22 wrote
Reply to comment by throwawaitnine in Editorial: Better bet: Despite turbulent Senate race, Oz better prepared to lead by User_Name13
Explain record profits then? They don't have to.
throwawaitnine t1_iuj2pk6 wrote
Who has record profits that you want me to explain?
dc122186 t1_iuj5lwg wrote
>...benefited from price increases and improved supplies to retailers.
>...this company moved forward, continuing to invest," Chief Executive Darren Woods told investors. Its quarterly profits "reflect that deep commitment" as well as higher prices, he added.
>“Pricing will need to continue when it comes to the remainder of this year and next year as we’re still in catch-up mode towards repairing and restoring our gross margin,”
>...shares climbed more than 11% to an all-time high on Monday after the company reported that first-quarter profits nearly doubled due to soaring U.S. meat prices.
throwawaitnine t1_iujwip9 wrote
The only company on this list that is recording record profits is XOM. Oil is a commodity and Exxon mobile does not control the price of that commodity. They are a publicly traded company with a legal fiduciary obligation to their shareholders, I am one btw, and they can't choose to sell their products below market price.
The rest of the companies you listed are all reporting earnings less than earlier this year or mid 2021. It might be hard to believe but at the beginning of this year the Fed was still buying securities.
Viewing a single comment thread. View all comments