To add...
Exxon’s been around for 152 years. It has never scored higher profits than it did last quarter.
ExxonMobil, the largest US oil company, said it raked in nearly $20 billion in profits in Q3. And Chevron, the country’s No. 2 oil company, reported quarterly profits of $11.2 billion—its second-best quarter on record.
To put some of those astronomical numbers in perspective…
•Exxon’s quarterly earnings of $19.7 billion almost match those of famously profitable Apple, which brought in $20.7 billion.
•Exxon’s full-year profits are projected to top those of Amazon, P&G, and Tesla combined, according to Bloomberg.All the other majors are reporting the same record profits...
-Shell 9.45B for just 1 qtr.
-BP 9.3B for Qtr.
Where do you think they will re-invest their profits?
Exploration IMO.
We are on the cusp of an exploration tidal wave.
FDR has what they want, what they need and WHERE they want it!
FDR is in the front seat.
Buckle up!
