Monday, January 30, 2006
REAL MONEY
A Billion Here, A Billion There
Net income at Exxon Mobil Corp. in 2005: $36.13 billion.
See also, "Exxon Mobil Posts Largest Annual Profit for U.S. Company," by John Holusha, the New York Times, in which we read:
The earnings come at a time of high gasoline and heating fuel prices that have prompted some political leaders to call for a windfall profits tax on oil companies. But the company said it was reinvesting in exploration and refining capacity to meet the world's need for energy.
Of course that argument would be more convincing if Exxon Mobil weren't paying almost half as much in dividends to shareholders as it is allocating to worldwide capital expenditures. (Note: The linked item doesn't make that point explicitly; you have to do the math yourself.)
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JAMES MARTIN CAPOZZOLA
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James Martin (Jim) Capozzola launched The Rittenhouse Review in April 2002, TRR: The Lighter Side of Rittenhouse, HorowitzWatch, and Smarter Andrew Sullivan in July 2002, and Bulldogs for Kerry-Edwards in October 2004. He is also a contributing member of President Boxer.
He received the 2002 Koufax Award for Best Post> for "Al Gore and the Alpha Girls" (published November 25, 2002). Capozzola's record in the Koufax Awards includes two additional nominations for 2002 (Best Blog and Best Writing), three nominations for 2003 (Best Blog, Best Series, and Best Writing), and two finalist nominations in 2004 (Best Blog and Best Writing).
Capozzola’s experience beyond the blogosphere includes a lengthy career in financial journalism, securities analysis, and investment research, and in freelance writing, editing, ghost-writing, and writing instruction.
He earned his bachelor's degree in political science from the University at Albany and a master's in foreign affairs from the University of Virginia.
Capozzola lives in Philadelphia with his bulldog, Mildred.
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