Exxon Mobil

Exxon Mobil has broken its own profit record by making $11.7 billion during the second quarter—the most profitable quarter for any business in history. This means Exxon Mobil made about $90,000 per minute. Despite the record, Exxon Mobil’s profit fell short of Wall Street estimates, and the company’s stock fell about two percent. Meanwhile, analysts say Exxon Mobil spent just one percent of its $41 billion in profits last year on alternative energy sources.

Exxon Mobil o ExxonMobil Corporation es una corporación multinacional estadounidense y heredera directa de la empresa Standard Oil de John D. Rockefeller. Creada el 30 de noviembre de 1999, gracias a la fusión de Exxon y Mobil, hoy es la empresa más grande del mundo en términos de ingresos, habiendo generado U$ 377.6 billones durante el año fiscal 2006.

It has a been busy times for the movement against war profiteering as you will read in this edition of WPN. We congratulate the work done by CAAT and The Corner House, with their court victory that ruled that the Serious Fraud Office (SFO) acted unlawfully when he stopped a corruption investigation into BAE Systems' arms deals with Saudi Arabia. At the same time the fact that a documentary exposing the arms trade was censored in the UK shows the level of impact that the Smash EDO Campaign has had.

Hands Off Iraqi Oil held a demonstration outside the Middle East Energy 2008 conference at Chatham House in London on Tuesday 5 February.

Iraqi oil minister Dr Hussain Al-Shahristani and UK minister Malcolm Wicks spoke at the conference, which was financed by the British companies BP and Shell, as well as ExxonMobil and StatoilHydro.

Demonstrators were warning that Iraq would lose billions of pounds in oil income under a proposed new law which the British and US governments are pressing the Baghdad administration

War profiteers are not only those that benefit from the arms industry, but also those that impulse military action and elaborate strategies to profit from war. Among war profiteers we can include:

Large private corporations

Here we refer to the transnational and multinational corporations that need control over our natural resources and our national territories in order to support their hegemonic project and so that relations of economic and political solidarity cannot be improved (which would permit true development of Latin American countries).