ConocoPhillips profit beats forecasts
By Deepa Babington Wed Oct 26,11:48 AM ET
NEW YORK (Reuters) - ConocoPhillips (NYSE:COP - news), the No. 3 U.S. oil company, on Wednesday reported quarterly profit surged 89 percent, surpassing Wall Street forecasts, driven by record oil prices and sharply higher refining margins.
ConocoPhillips, like other major oil companies, has reaped a windfall from soaring crude oil prices -- which touched a record $70 a barrel in the quarter -- and better refining margins, as powerful hurricanes blew through the Gulf of Mexico, severely disrupting energy operations.
The Houston company's net profit in the third quarter rose to $3.8 billion, or $2.68 a share, compared with $2.01 billion, or $1.43 a share, a year earlier.
Shares of ConocoPhillips were up $2.56, or 4.1 percent, at $65 on the
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THIS IS OBSCENE - This has not received very much attention from the media, where the hell are they? This is blatant, in your face theft all in the name of greed.
We shoud all be mad as hell and let congress know that we are not gonna take it anymore. We have to let these do nothing legislators, that suppport such theft in the name of big business and profits know that we are OUTRAGED.
NO MORE!!!!
Hey,...... you there, .....if you are reading this get up off yer ass. Go to the phone and call your elected officials. Tell them they are NOT gonna get re-elected as long as this crap goes on
This is in your face rasberry they are giving us. The big finger. Spread the word far and wide that we are not gonna take it.
OK, all together now......real loud!...........I"M MAD AS HELL AND I AIN"T GONNA TAKE IT NO MORE!!!!!!!!!!!!
ONE MORE TIME..............I'm mad as hell, and I ain't gonna take it no more
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