https://finance.yahoo.com/news/exxon-historic-losing-streak-adds-113144017.html
Chevron Corp. posted a surprise profit in the third-quarter, while ExxonMobil warned it may take up to $30 billion in write downs.
5 replies (most recent on top)
@1ryg+17GJf58b Final act is chapter 11! And they will all “retire”.. while hard working employees like us are either thrown under the bus to help grandma (a.k.a woods and friends) who live on our dividends. K–ling off our 401K which may never come back up..
Issue is.. why keep hung podcast to tel us it’s is okay while they sell off their personal holdings! ... these false prophets...
Rest assure my friends...DW commanders told the world today on the earnings call they have more levers to pull if needed. Sounds like the final hudini act.
Permian Shale Ponzi Scheme, (PS)^2, in process of k–ling US oil industry. Charlatans of Oil Shale still drawing big bucks in their pockets while sdmising shareholders, employees and general public.
Losing money on each bbl of PS oil produced whilst pointing out overall oil production numbers as US “energy independence”!
The write downs are a long time coming, why only now. This is a signal from the top to release the flood gates and let the ship sink and see what happens next.