• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Check out ExxonMobil's third quarter results...

Agreed. Put into perspective, 10% is nothing I can disagree with.

Can't afford gas? Elect people who will build better public transportation! What about sidewalks for God's sake? Most small towns in American haven't thought of those.
 
Originally posted by: ironwing
Originally posted by: yellowfiero
Originally posted by: ironwing
Ya know if I were making 10 billion a year, I'd move out of Irving.
Click to expand...

dude, its 10 billion in the quarter! That's 40 billion a year.... 😛
Click to expand...

I'd be way out of Texas.
Click to expand...

So how much did your comapny profit last quarter? 😉

Texas, fvck yeah! 😛
 
Originally posted by: Cattlegod
You guys above, that is not even a 10% profit.

Do you think that is excessive? I don't think 10% is at all.
Click to expand...

profit margin is a really poor way to judge whether a company is pricing properly. what if they're running the company really inefficiently? maybe someone else could be 15% or 20%? now, i don't really think that is happening in exxon's case. i'm just showing that profitability % by itself isn't a very good indicator.
 
Lets not forget the 14.5 billion in tax breaks over 10 years the republican congress just recently gave those very same oil companies
 
Originally posted by: Cattlegod
You guys above, that is not even a 10% profit.

Do you think that is excessive? I don't think 10% is at all.
Click to expand...

10 billion a quarter is a record for a US company.

The only way they made their profit surge like it did was by increasing their margins.

The only way they increased their margins was by increasing gasoline prices.
 
Originally posted by: jpeyton
Originally posted by: Cattlegod
You guys above, that is not even a 10% profit.

Do you think that is excessive? I don't think 10% is at all.
Click to expand...

10 billion a quarter is a record for a US company.

The only way they made their profit surge like it did was by increasing their margins.

The only way they increased their margins was by increasing gasoline prices.
Click to expand...

So buy from Shell. It's a free market.

The tax breaks concern me a LOT more than how much profit they make, assuming they have competition and aren't forming a cartel or trust.
 
Originally posted by: Aharami
Lets not forget the 14.5 billion in tax breaks over 10 years the republican congress just recently gave those very same oil companies
Click to expand...

psssst....Corporation don't pay taxes. They pass the cost of taxes on to consumers, employees, and stock holders. Pass it around.
 
Originally posted by: jpeyton
Originally posted by: Cattlegod
You guys above, that is not even a 10% profit.

Do you think that is excessive? I don't think 10% is at all.
Click to expand...

10 billion a quarter is a record for a US company.

The only way they made their profit surge like it did was by increasing their margins.

The only way they increased their margins was by increasing gasoline prices.
Click to expand...
the profit surge is because just about all the wells operating today were operating at a profit several years ago when oil was $30.
 
Originally posted by: jagec
So buy from Shell. It's a free market.
Click to expand...
Shell buys from Exxon. They all trade behind the scenes. You can't just avoid one company if you buy any oil products.

There are plenty of threads about this already, but oh well.

Exxon drills oil. Exxon's costs were about the same, and oil production was about the same. Oil prices and thus revenue doubled in about a year. Given that data, what the heck do you think would happen to their profits? Exxon doesn't set the price of oil. It is a freely traded commodity. They are just the lucky benefactors.

Gas prices != oil prices.
 
Originally posted by: ironwing
Ya know if I were making 10 billion a year, I'd move out of Irving.
Click to expand...

Actually, they have an Irving address but they are in Las Colinas (Yep the same location mentioned in Office Space). It is not too bad of a place.

-MC
 
Originally posted by: dullard
Originally posted by: jagec
So buy from Shell. It's a free market.
Click to expand...
Shell buys from Exxon. They all trade behind the scenes. You can't just avoid one company if you buy any oil products.

There are plenty of threads about this already, but oh well.

Exxon drills oil. Exxon's costs were about the same, and oil production was about the same. Oil prices and thus revenue doubled in about a year. Given that data, what the heck do you think would happen to their profits? Exxon doesn't set the price of oil. It is a freely traded commodity. They are just the lucky benefactors.

Gas prices != oil prices.
Click to expand...

Dullard FTW!
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top