Poor Exxon! Shitstain's Hypothetical Bribe The Cherry On Top Of A Shit Sundae Of Losses And Debt

[hatrack]

EDIT

Exxon was already in the middle of one of its most tumultuous years ever before the president riffed about a hypothetical phone call between him and the company's chief executive. "I would take in more money, but you know what? I don't want to do that … I call the head of Exxon. I don’t know, you know, I'll use a company. ‘Hi, how are you doing? How’s energy coming? When are you doing the exploration? Oh, you need a couple of permits?' ” Trump told supporters in Arizona earlier this week. “I say, ‘You know, I’d love [for] you to send me $25 million for the campaign.’ ‘Absolutely sir, why didn’t you ask? Would you like some more?’ ” The company quickly made clear that a phone call about donations “never happened.” Trump invoked the company's name when claiming he could outraise his Democratic rival, Joe Biden, but has chosen not to do so since it would compromise his own job in the White House.

Link to tweet

Still, the exchange with Trump caps off a stretch in which the oil company hasn't been able to catch a break. Once the world's most valuable company, the Irving, Tex.-based oil icon has slipped from its perch atop corporate America over the past few months during the coronavirus pandemic. With demand for oil down as Americans fly and drive less, Exxon this summer ended a nearly century-long run on the Dow Jones industrial average, replaced by the cloud computing company Salesforce.

Exxon joined the Dow back in 1928 when it was known as Standard Oil of New Jersey. Its expulsion from the Dow came after Apple split its stock and as Silicon Valley becomes an increasingly important part of the U.S. economy.

With oil trading at or below around $40 a barrel since the start of the pandemic, Exxon reported a quarterly loss of $610 million in May — its first in decades — followed by another loss of $1.1 billion three months later.

EDIT

https://www.washingtonpost.com/politics/2020/10/21/energy-202-exxon-was-already-having-tough-year-trump-made-it-worse/

[eppur_se_muova]

1. 90+% of the time, he's only talking to himself. We need to learn not to listen in. nt