HardcoreRobot
Lifer
- Nov 7, 2000
- 16,403
- 3
- 81
Their net profit margin is less than 10%. Obviously if the price raises on an inelastic good, their profits are going to soar.
Maybe some of you should start switching to biodiesel and stop complaining that the oil companies are "criminal."
Milk around here usually goes on sale for $2.50 and milk is around $3.15. If there wasn't like a 75 cent gas tax here, gas would be a little cheaper.
Maybe some of you should start switching to biodiesel and stop complaining that the oil companies are "criminal."
Milk around here usually goes on sale for $2.50 and milk is around $3.15. If there wasn't like a 75 cent gas tax here, gas would be a little cheaper.
moshquerade
No Lifer
- Nov 1, 2001
- 61,504
- 12
- 56
Exxon looks bad to be reaping such profits while we are getting sucked dry at the pumps.
i would just like to know where these record profits are going. sure, they are putting some of it into research, but how much is lining the CEO's pockets?
i would just like to know where these record profits are going. sure, they are putting some of it into research, but how much is lining the CEO's pockets?
WHO CARES?
If you think Exxon or any other oil company sets the prices, go drive your car off a cliff. Solves two present problems...
The CEO is heading a profitable company, he should profit too.
Where was everyone when oil was $16 a barrel? Were you arguing to help the gas companies or were you just guzzling it up without a care?
Was this after tax? It wasn't stated in the article. There's a big different between profits and profits after tax.
moshquerade
No Lifer
- Nov 1, 2001
- 61,504
- 12
- 56
that was quite an assholish thing to say.
i don't recall saying that Exxon set the oil prices so screw you.
People don't need oil.
The elderly don't NEED prescription drugs.
The poor don't NEED healthcare.
*waves goodbye to the middle class*
The elderly don't NEED prescription drugs.
The poor don't NEED healthcare.
*waves goodbye to the middle class*
moshquerade
No Lifer
- Nov 1, 2001
- 61,504
- 12
- 56
it wasn't trolling Judge&Jury man. i was inquiring, and thought maybe.. just maybe... someone would follow up with some feedback and not be a rude jerk about it.Originally posted by: spidey07
Nice troll.
You know full and well what profit is.
You're apparently blaming Exxon for sucking you dry in the way of high prices. So forgive me if I put two and two together and got "you have no idea what you're talking about".
Edit: So what if they "look bad" to people who have no idea who the market works. It's not their fault.
moshquerade
No Lifer
- Nov 1, 2001
- 61,504
- 12
- 56
suggesting that i kill myself is really the wrong road to take.
my asking how much of that money is going to the CEO is a legitimate question. if you don't have an answer then stfu.
Originally posted by: moshquerade
suggesting that i kill myself is really the wrong road to take.
my asking how much of that money is going to the CEO is a legitimate question. if you don't have an answer then stfu.
Who cares how they use their profits? So no, it's not a legitimate question.
We should be proud that an American company is so successful.
You think those middle east oil rich bastards are complaining about the money they are making? They are the one that control the oil price.
Only in America do people complain
You think those middle east oil rich bastards are complaining about the money they are making? They are the one that control the oil price.
Only in America do people complain
moshquerade
No Lifer
- Nov 1, 2001
- 61,504
- 12
- 56
forget it. i found my own answer. thanks for all your help.Originally posted by: mwtgg
Originally posted by: moshquerade
suggesting that i kill myself is really the wrong road to take.
my asking how much of that money is going to the CEO is a legitimate question. if you don't have an answer then stfu.
Who cares how they use their profits? So no, it's not a legitimate question.
http://money.cnn.com/2006/07/25/news/companies/oil_earnings/index.htm
Exxon stockholders are reaping also. should've bought some stock so i could have some easy cash to pay for gas at the pump.
BoomerD
No Lifer
- Feb 26, 2006
- 66,278
- 14,698
- 146
While I understand that their job is to make money, after all, that is why they're in business, but what a lot of people don't factor in, is that
1) they drill and own a lot of their own wells, which they sell to themselves at "market price"...extra profit
2)The oil companies are some of the biggest players in the oil trading/speculating market, thus, driving the prices up.
Seems like there should be a point where it's not just profit, and becomes the "Raping of America"..
1) they drill and own a lot of their own wells, which they sell to themselves at "market price"...extra profit
2)The oil companies are some of the biggest players in the oil trading/speculating market, thus, driving the prices up.
Seems like there should be a point where it's not just profit, and becomes the "Raping of America"..
WOW, that CEO must be amazing! Imagine, making a profit on a product people HAVE to have. Hey, while you're at it, let's congratulate the CEOs of electric companies too.
Exxon profit margin is 11%. Adobe's profit margin is 23%. I think Adobe's gouging more than Exxon.
FYI for you financial noobs it means for every $1 in gas you buy Exxon only makes 11 cents. On the other hand Adobe makes 23 cents.
FYI for you financial noobs it means for every $1 in gas you buy Exxon only makes 11 cents. On the other hand Adobe makes 23 cents.
It's probably not the absolute hardest job in the world, but you obviously way underestimate what it takes to run one of the world's largest corporations and keep it profitable.
didn't mean to be rude.
Profit is what is left AFTER the cost of business. Cost of doing buisness includes selling, general, adminstration - including salaries and any money out. R&D is also not part of profit.
Profit = money left over AFTER the cost of running the business.
Are you freakin' being serious with that statement? Gas is something EVERYONE uses and has to have. If everyone NEEDED a copy of Acrobat every week then I'd consider your comparison valid.
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