Biden Calls Reporter A "Stupid SOB"

[Sociopathicsteelerfan]

(02-03-2022, 05:34 PM)NATI BENGALS Wrote: On another note.

Oil companies seem to be doing pretty well financially.

https://www.cnn.com/2022/02/01/business/exxonmobil-earnings/index.html
"In 2021, ExxonMobil posted its largest profit in seven years, as soaring energy prices added more than $100 billion in revenue to the company's top line." "The company announced it would use its windfall to start a $10 billion share repurchase program. "

https://www.reuters.com/business/chevron-kicks-off-oil-industrys-fourth-quarter-results-with-miss-2022-01-28/
"Full-year earnings of $15.6 billion were the best since 2014 and compare with a $5.5 billion loss in 2020. " "The company said it will buy back about $1.25 billion in shares during the first quarter, at the higher end of its guidance. Chevron this week raised its dividend by 6% to $1.42 per share."

https://www.cnbc.com/2022/02/03/shell-earnings-q4-2021.html
"The British oil major posted adjusted earnings of $19.29 billion for the full-year 2021. That compared with a profit of $4.85 billion the previous year." "Shell also announced an $8.5 billion share buyback program in the first half of 2022 and said it expects to increase its dividend by 4% to $0.25 per share in the first quarter. Share buybacks totaled $3.5 billion in 2021."

https://finance.yahoo.com/news/conocophillips-reports-fourth-quarter-full-120000748.html
"Full-year 2021 earnings were $8.1 billion, or $6.07 per share, compared with a full-year 2020 loss of $2.7 billion, or ($2.51) per share." "In addition, ConocoPhillips today announced a $1 billion increase in expected 2022 return of capital to shareholders to a new total of $8 billion, an increase of more than 30% over 2021. The company declared both an ordinary dividend of 46 cents per share and a second-quarter variable return of cash (VROC) payment of 30 cents per share, a 50% increase over the first-quarter VROC. Combined, the targeted 2022 ordinary dividend and VROC represent a more than 50% increase in cash return to shareholders compared to 2021."

It's probably just easier to blame Biden though. Wouldn't want to confuse the base with numbers and stuff. When we can just say Biden policies are responsible for inflation.

Wait, you mean the oil companies make more money when the price of oil is high?  I, for one, am shocked.  Shocked, I tell ya!