compare 2009 to 2005 quarterly revenues and earnings. note back in 2005, the stock was trading $50 to $60.

(all revenue numbers in millions, data by quarter Q1-Q4)

Revenues 2005
79,475 86,622 96,731 96,127 (total FY = 358,955)

Revenues 2009
62,128 72,167 82,260 N/A (total YTD = 216,555)

So, XOM would have to report 143,000 in sales for Q4 just to equal 2005.


Now look let's look at earnings.


Earnings 2005
2005 1.220 1.200 1.570 1.710 (total FY = 5.70)

Earnings 2009
0.920 0.810 0.980 N/A (total YTD = 2.71)


So earnings would have to be $3/sh in 4th quarter just to equal total earnings in 2005. Yet even when oil was $145/barrel (in Q2 2008), revenues nor profit was even this high. So 2009 won't even match 2005 levels!

It's clear Wall St is just propping up XOM like everything else with free, easy money--just like 1929. XOM supports the Dow and S&P500, so it's important to hucksters keep the bubble inflated. No, rational investors aren't crazy. The bankers and frauds are just blowing EXTRA HARD to keep this bubble inflated and just want all the really bad news to pass so they can just focus on bad news...everything is a lagging indicator...especially when you the frauds prop-up markets!

My guess is once their buddies are all done and paid-off for stuffing billions of this $hit in their funds (with unwitting, unsuspecting people's money), then it'll tank and reflect reality. Unemployment at 26-year high and $1 trillion+ spent to do it. Nice.

Bottom-line is stocks are NOT reflecting reality, folks. You can take all the b/s axioms and forward-looking/discount b/s Wall St media clowns are supplying and flush it. Pure and simple, Wall St is propping this crap up to award themselves (even look at Buffett's profit...3 times last year) huge bonuses and prevent further collapse of the ponzi-pyramid markets. All the dotcom frauds tried to convince (actually they were successful) the investing world revenues and profit didn't matter. Well, here we are 10 years later and the Nasdaq is still 2k...not 5k+; the Dow is right back at 10k where it was in 1999; oil then was $16/barrel and now it's ridiculously over-priced at $80;...and national debt is about to breach $12 trillion and the US has NOTHING to show but 10.2% unemployment and a giant, !ucked up mess.

Well, here we are a year later after Wall St refused to support the markets last year while it plundered investors. And now it's ripping them off by propping up the markets until all the risk is transferred from Wall St back to Main St (again!). Earnings/revenues...nothing matters until the corrupt, !ucked up banks get what they want. And the corrupt, complicit govt and Fed is desperately trying to help them achieve just this. Suckers wanted.