tag:blogger.com,1999:blog-7800828841873738105.post6990297167016432967..comments2023-07-02T06:58:33.737-05:00Comments on WebberEnergyBlog: Is it ok for oil companies to make soo much money?Michael E. Webber, Ph.D.http://www.blogger.com/profile/12416546342365493633noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7800828841873738105.post-82798388710854689102008-02-14T13:49:00.000-06:002008-02-14T13:49:00.000-06:00Good post. Everyone also seems to forget that Exxo...Good post. <BR/><BR/>Everyone also seems to forget that Exxon Mobil is a publicly traded company; meaning that Exxon's <I>shareholders</I>, not just the <I>company</I>, are making money. This is especially true given that Exxon offers high shareholder returns (dividends).<BR/><BR/>As long as people continue to invest in Exxon, they will continue to do what's profitable. Right now, that includes mainly traditional oil & gas. However, Exxon has some very well paid people whose job it is to decide which energy technologies make economic sense. <BR/><BR/>If, as you say, hydrogen or electric technologies become profitable, you can bet that Exxon will take advantage of them; with lots of cash in hand.John Losingerhttps://www.blogger.com/profile/03241759761840074461noreply@blogger.com