Exxon makes record profit

[shadow9d9]

Originally posted by: winnar111

Originally posted by: Xavier434

Originally posted by: winnar111

Originally posted by: Xavier434

Originally posted by: ElFenix

Originally posted by: Xavier434
Making profit is fine. Making profit that relies on stunting the advancement of crucial technology in America is not.

evidence that exxon is stunting the advancement of crucial technology in america?

If you are looking for the kind of proof that goes beyond the shadow of a doubt then you won't find it because it is not available. What I am referring to is an influence and not a direct cause which is why it pretty much cannot be proven. That influence works hand in hand with the lobbyists that leads to suppressing of the advancement of this technology.

Do you believe that we would be closer, farther, or in the same position that we are now in regards to advancement of this technology if they had zero negative influence or control?

What technology? Our next President wants to increase ridiculous ethanol subsidies so his corporate farmer buddies in Illinois reap windfall profits at the expense of the taxpayer.

How about electric cars and the infrastructure to support them?

What about them? They're ugly, expensive, and slow, and in any case, not going to receive much funding in an Obama administration.

The oil companies buried them 10 years ago,,, and if they had the last 10 years to improve upon the technology, they wouldn't be ugly, expensive, or slow.

But you don't care. Don't care that we feed middle east dictators and keep their populations poor, which then increases their hatred of us. Who cares, right? Exxon has to pay taxes!

 

[winnar111]

Originally posted by: shadow9d9

Originally posted by: winnar111

Originally posted by: Xavier434

Originally posted by: winnar111

Originally posted by: Xavier434

Originally posted by: ElFenix

Originally posted by: Xavier434
Making profit is fine. Making profit that relies on stunting the advancement of crucial technology in America is not.

evidence that exxon is stunting the advancement of crucial technology in america?

If you are looking for the kind of proof that goes beyond the shadow of a doubt then you won't find it because it is not available. What I am referring to is an influence and not a direct cause which is why it pretty much cannot be proven. That influence works hand in hand with the lobbyists that leads to suppressing of the advancement of this technology.

Do you believe that we would be closer, farther, or in the same position that we are now in regards to advancement of this technology if they had zero negative influence or control?

What technology? Our next President wants to increase ridiculous ethanol subsidies so his corporate farmer buddies in Illinois reap windfall profits at the expense of the taxpayer.

How about electric cars and the infrastructure to support them?

What about them? They're ugly, expensive, and slow, and in any case, not going to receive much funding in an Obama administration.

The oil companies buried them 10 years ago,,, and if they had the last 10 years to improve upon the technology, they wouldn't be ugly, expensive, or slow.

Proof?

 

[winnar111]

Originally posted by: shadow9d9

Originally posted by: winnar111

Originally posted by: Dari
Incredible that McCain has no problem cutting the taxes of these guys when they're raking in all this cash.

They already pay record amounts of taxes. Enough is enough.

So in your mind taxes negate record profits?

So, with that mindset you'd be willing to take a much lower salary because you'll pay less evil taxes?

These companies are monopolies and rip off americans to line their pockets while doing their best to stop alternative fuels... why WOULD they want alternative fuels when they make RECORD PROFITS on oil!?!?!?!?!?!

Not negate, balance. Seems to me like they're ripping off the americans to line the governments pocket, given how much tax they're paying.

 

[ElFenix]

Originally posted by: shadow9d9

The oil companies buried them 10 years ago,,, and if they had the last 10 years to improve upon the technology, they wouldn't be ugly, expensive, or slow.

yup, those damn oil companies, they paid GM to make sure that electric cars would be buried! and toyota, and honda, and ford, and mercedes, and bmw, and renault, and nissan, and chrysler, and everyone else. they also paid all the battery manufacturers to make sure that batteries didn't get any better in the last 10 years. nope, cell phone batteries aren't at all better than they were 10 years ago. lithium ion isn't at all better than nickel-cadmium.

Originally posted by: Dari

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

They certainly don't need tax relief. That's my point.

exxon doesn't bear the burden of any taxes.

 

[winnar111]

Originally posted by: Dari

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

They certainly don't need tax relief. That's my point.

No, but other American companies certainly do. Exxon plays by the same rules.

 

[Rustler]

LOL..........the US government makes a killing on gas taxes and does no exploration, no transportation of crude to the refineries, no transportation of product to the market yet they make a mountain of money on fuel taxes and if they do a windfall profits tax the companies will pass it on to John Q public...........Wallmart makes a better profit than the oil companies but you never hear politicians refer to them as evil................


And you grow the ecomony from the bottom up..............gotten a job from a po person lately?

 

[Stuxnet]

Very stupid thread. Thought I'd put that out there.

You would be a good politician, OP - you're fantastic at half truths.

 

[JS80]

Originally posted by: techs
Good god! Even I am calling you a troll on this one.
Sales taxes are somehow paid by ExxonMobil? Take an economics class, will ya?

lulz @ irony

 

[HomerJS]

Why not use the Sarah Palin method when it comes to taxing oil company profits?

 

[JS80]

Originally posted by: jbourne77
Very stupid thread. Thought I'd put that out there.

You would be a good politician, OP - you're fantastic at half truths.

lol he doesn't even get to half truth

 

[dmcowen674]

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

Ah the typical apologist response. You're a robot.

 

[JS80]

GOOD SOLAR CORPORATION MAKE 27% PROFIT MARGIN

EVIL OIL CORPORATION MAKE 10% PROFIT MARGIN

Only if finance and economics was as easy as Geico.

 

[MikeyLSU]

Originally posted by: dmcowen674

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

Ah the typical apologist response. You're a robot.

well, is all that matters is the amount of profit? Does the margin not matter?

Seriously, should we have a cap at how much a company is allowed to make?

 

[Capt Caveman]

Originally posted by: dmcowen674

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

Ah the typical apologist response. You're a robot.

No, you're just clueless about business.

 

[JD50]

Originally posted by: Dari

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

They certainly don't need tax relief. That's my point.

If you can't find the answer to the first part of my question, can you at least answer the second part?

All of the other anti-corporation folks are more than welcome to answer this question as well.

 

[JD50]

Originally posted by: dmcowen674

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

Ah the typical apologist response. You're a robot.

You're by far the dumbest person that I've ever encountered.

 

[brencat]

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

Ah the typical apologist response. You're a robot.

No, you're just clueless about business.

+1

Jpeyton and dmcowen..."F" for you both in Economics and Finance

ROE/ROIC, earnings growth, and margins are all that matter, not the absolute $$ amount of anything.

 

[dmcowen674]

Originally posted by: brencat

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

Ah the typical apologist response. You're a robot.

No, you're just clueless about business.

+1

Jpeyton and dmcowen..."F" for you both in Economics and Finance

ROE/ROIC, earnings growth, and margins are all that matter, not the absolute $$ amount of anything.

You're jealousy is noted.

Pennington NJ eh, work for Hess?

How much of these non existent margins from billions are you personally getting?

 

[Budmantom]

Exxon makes a whopping $14B and only pay $9B in taxes.

That's what is wrong with this country.... profits.

 

[heyheybooboo]

Originally posted by: winnar111
They paid $33 billion in taxes on $137 billion in revenues. A lot more than 10%.

That's bullshit.

Originally posted by: T2T III
Last quarter, they paid more in taxes than they made in profits. The annual report should reflect this when it gets published.

More bullshit.


In the last 12 months Exxon has nearly $500 in total revenues, gross profit of nearly $200 billion and paid $35 billion in income taxes.

Exxon pays nearly as much repurchasing their stock as they pay in income taxes each year plus an additional $10 billion annually in dividends (which is less than they make in investment earnings each year).

Exxon capital investment is one-third of the combined stock repurchase, dividends and investment earnings each year. As a matter of fact if Exxon continues at their current rate of stock repurchase by the early 2020s they will have taken the company private. They are currently sitting on $40 billion in cash.

And where is that capital investment? (Hint: It's not in the USA ...)

 

[Fern]

Originally posted by: brencat

Originally posted by: Capt Caveman

Originally posted by: dmcowen674

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

Ah the typical apologist response. You're a robot.

No, you're just clueless about business.

+1

Jpeyton and dmcowen..."F" for you both in Economics and Finance

ROE/ROIC, earnings growth, and margins are all that matter, not the absolute $$ amount of anything.

Yes^

My gawd this thread of ful of knee-jerk Dem talking points - "Oil Companies are Evil".

Christ people, their financials are public info, I've googled and linked them in our other mindless threads on Exxon-Mobile (we seem to do this each and every time quarterly results are released). It's just silly to say they pay 10% or 0% in income taxes when the data is so readily available that proves otherwise.

IIRC, Exxon pays over 40% in income taxes. Their profit margins are quite modest compared to other company's/industries.

Would you be happier if they were split into 10 smaller companies so there wasn't one big "record profit", but 10 little ones? What's the freakin difference?

In additional to the enormous tax revenue, they also pay the fed/state government about 50% of their drilling revenue as royalties (and that's in addition to their income tax payments). D@mmit, they are a *cash-cow* for our nation.

Why do these stories always say "RECORD PROFITS" but leave out "RECORD AMOUNT OF INCOME TAXES"? Nope, can't be slanting to get non-thinking boobs panties all in a wad.

BTW: Talk of their loopholes is rubbish. No one'e ever been able to point to one. Everything I've seen is - they pay out money, they get a deduction; that's how it's works in both accounting & tax for everybody.

Fern

 

[Stuxnet]

Originally posted by: dmcowen674

Originally posted by: JD50
OP, what was their profit margin and what is an acceptable profit margin to you?

Ah the typical apologist response. You're a robot.

Typical idiotic response from the village idiot.

 

[ElFenix]

Originally posted by: heyheybooboo
And where is that capital investment? (Hint: It's not in the USA ...)

open up more lands to oil exploration and we'll slow that trend

 

[techs]

Originally posted by: heyheybooboo

Originally posted by: winnar111
They paid $33 billion in taxes on $137 billion in revenues. A lot more than 10%.

That's bullshit.

Originally posted by: T2T III
Last quarter, they paid more in taxes than they made in profits. The annual report should reflect this when it gets published.

More bullshit.


In the last 12 months Exxon has nearly $500 in total revenues, gross profit of nearly $200 billion and paid $35 billion in income taxes.

Exxon pays nearly as much repurchasing their stock as they pay in income taxes each year plus an additional $10 billion annually in dividends (which is less than they make in investment earnings each year).

Exxon capital investment is one-third of the combined stock repurchase, dividends and investment earnings each year. As a matter of fact if Exxon continues at their current rate of stock repurchase by the early 2020s they will have taken the company private. They are currently sitting on $40 billion in cash.

And where is that capital investment? (Hint: It's not in the USA ...)

heyheybooboo is the man when it comes to economics:thumbsup:

 

[Mani]

Originally posted by: spidey07
So cutting their taxes would lead to MORE exploration for oil and other resources. That's a GOOD thing.

lol...someone must have spiked the Koolaid you are drinking.