Exxon: near record profits

[b0mbrman]

Originally posted by: Homerboy
http://money.cnn.com/2006/07/27/news/companies/exxon/index.htm?cnn=yes

While I overall don't have too big of an issue with gas prices being high, but to be high and for the companies to make that much money is criminal.

Something tells me Exxon has a lot of explaining to do.... again.

Edit: sorry for the premature post. I inadvertantly hit submit before I was done with post

So invest your life savings in their stock...clearly they're crooked and they'll be making exorbitant profits again, right?

 

[b0mbrman]

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Heh...so it's their fault that you're addicted?

That's like someone suing McDonald's for making him fat

 

[Legend]

I don't understand what all the complaining is about. If you took away their profits, gas would be like 2.70/gallon instead of 3.00/gallon. Let's sacrifice the free market and replace it with good old state property for 0.30/gallon. Um...yeah!

 

[QED]

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Sorry, you don't NEED gas.

It sure makes life very convenient, but you don't need it... so please stop saying it as though it were true.

 

[JackBurton]

Originally posted by: QED

Originally posted by: JackBurton

Originally posted by: slsmnaz

Originally posted by: moshquerade
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?

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?

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.

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.

Running it is one thing, but selling your product is another. This is not like any other company where you have to fight other competition off to ensure the public knows you have the best product. It's gas. Sh!t, you barely have to advertise.

 

[Legend]

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Lives depend on computers these days. Should the government run Microsoft, Intel, etc?

 

[datalink7]

Originally posted by: QED

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Sorry, you don't NEED gas.

It sure makes life very convenient, but you don't need it... so please stop saying it as though it were true.

I need it to not only get to my job, but to perform my job.

 

[bctbct]

Originally posted by: slsmnaz

Originally posted by: HardcoreRobot
thats what companies do

buy some stock, or get over it

I have

See if you have that big grin one year after you bought that stock and figured that your dividends didnt cover your out of pocket fuel cost.

 

[moshquerade]

Originally posted by: b0mbrman

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Heh...so it's their fault that you're addicted?

That's like someone suing McDonald's for making him fat

the "addicted" adage is so overrated. it is a necessity as far as needing gas to get to/fro work.

and no... there is not another way for me to get there. not on foot, not by bike, nor by public transportation.

so i wouldn't compare it to McDonalds.

 

[QED]

Originally posted by: datalink7

Originally posted by: QED

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Sorry, you don't NEED gas.

It sure makes life very convenient, but you don't need it... so please stop saying it as though it were true.

I need it to not only get to my job, but to perform my job.

That still doesn't mean you "need" it.

Hundreds of millions of people live pretty decent lives for not having this "necessity".

 

[b0mbrman]

Originally posted by: bctbct

Originally posted by: slsmnaz

Originally posted by: HardcoreRobot
thats what companies do

buy some stock, or get over it

I have

See if you have that big grin one year after you bought that stock and figured that your dividends didnt cover your out of pocket fuel cost.

I'm sure he'll be grinning as he'll be that much better off than someone with no stock

 

[datalink7]

Originally posted by: QED

Originally posted by: datalink7

Originally posted by: QED

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Sorry, you don't NEED gas.

It sure makes life very convenient, but you don't need it... so please stop saying it as though it were true.

I need it to not only get to my job, but to perform my job.

That still doesn't mean you "need" it.

Hundreds of millions of people live pretty decent lives for not having this "necessity".

What do you mean I don't "need" it? I need it to get to my job and perform my job. That means I need it

 

[bctbct]

Originally posted by: b0mbrman

Originally posted by: bctbct

Originally posted by: slsmnaz

Originally posted by: HardcoreRobot
thats what companies do

buy some stock, or get over it

I have

See if you have that big grin one year after you bought that stock and figured that your dividends didnt cover your out of pocket fuel cost.

I'm sure he'll be grinning as he'll be that much better off than someone with no stock

Sheep accept, normal people BITCH :laugh:

 

[b0mbrman]

Originally posted by: moshquerade

Originally posted by: b0mbrman

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Heh...so it's their fault that you're addicted?

That's like someone suing McDonald's for making him fat

the "addicted" adage is so overrated. it is a necessity as far as needing gas to get to/fro work.

and no... there is not another way for me to get there. not on foot, not by bike, nor by public transportation.

so i wouldn't compare it to McDonalds.

I would.

Lots of people researching alternate fuels these days, so conventional gas is definitely not a need, but why are we doing it so late in the game?

We could be ten+ years ahead in the development of those technologies if we hadn't just been sitting around, gladly slurping up the cheap oil. Sounds like you and I just failed to plan for the days when it would dry up.

 

[cherrytwist]

P&N you bunch of noobs.

 

[b0mbrman]

Originally posted by: bctbct

Originally posted by: b0mbrman

Originally posted by: bctbct

Originally posted by: slsmnaz

Originally posted by: HardcoreRobot
thats what companies do

buy some stock, or get over it

I have

See if you have that big grin one year after you bought that stock and figured that your dividends didnt cover your out of pocket fuel cost.

I'm sure he'll be grinning as he'll be that much better off than someone with no stock

Sheep accept, normal people BITCH :laugh:

The prices are a given anyway...Bitch all you want (rather than trying to take action I guess), but $0 is certainly better than -$xxx

 

[moshquerade]

Originally posted by: b0mbrman

Originally posted by: moshquerade

Originally posted by: b0mbrman

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Heh...so it's their fault that you're addicted?

That's like someone suing McDonald's for making him fat

the "addicted" adage is so overrated. it is a necessity as far as needing gas to get to/fro work.

and no... there is not another way for me to get there. not on foot, not by bike, nor by public transportation.

so i wouldn't compare it to McDonalds.

I would.

Lots of people researching alternate fuels these days, so conventional gas is definitely not a need, but why are we doing it so late in the game?

We could be ten+ years ahead in the development of those technologies if we hadn't just been sitting around, gladly slurping up the cheap oil. Sounds like you and I just failed to plan for the days when it dried up.

alternate fuel is not powering my car so i NEED gasoline to get to work. is this hard to understand?
one day i hope to purchase a new age solar powered car or a car that uses alternate fuel, but that is not feasible right now.

i do agree that we are behind, and we were lax since gas was cheap for so long.

 

[JackBurton]

Originally posted by: QED

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Sorry, you don't NEED gas.

It sure makes life very convenient, but you don't need it... so please stop saying it as though it were true.

How about this, oil is right below food and water now. Adobe is waaaaaaaaaaaaaaay below that.

 

[b0mbrman]

Originally posted by: moshquerade
alternate fuel is not powering my car so i NEED gasoline to get to work. is this hard to understand?

Is it hard to understand that you (and the rest of us) should have thought of that years ago?

Who can we blame but ourselves? Certainly not Exxon.

By this point, you "need" it, but you and us other Americans certainly made a lot of carefree money when it was cheap. We took a gamble that gas was gonna stay cheap forever (in retrospect, that was a pretty silly gamble, wasn't it?) and we lost

 

[moshquerade]

Originally posted by: b0mbrman

Originally posted by: moshquerade
alternate fuel is not powering my car so i NEED gasoline to get to work. is this hard to understand?

Is it hard to understand that you (and the rest of us) should have thought of that years ago?

Who can we blame but ourselves? Certainly not Exxon.

By this point, you "need" it, but you and us other Americans certainly made a lot of carefree money when it was cheap. We took a gamble that gas was gonna stay cheap forever (in retrospect, that was a pretty silly gamble, wasn't it?) and we lost

why did you not quote me fully?

Originally posted by: moshquerade
alternate fuel is not powering my car so i NEED gasoline to get to work. is this hard to understand?
one day i hope to purchase a new age solar powered car or a car that uses alternate fuel, but that is not feasible right now.

i do agree that we are behind, and we were lax since gas was cheap for so long.

i did put the blame on us.

 

[HomeAppraiser]

When people can bring their houses to me for an appraisal, I will no longer NEED gas for my job.

 

[JackBurton]

Originally posted by: Legend

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Lives depend on computers these days. Should the government run Microsoft, Intel, etc?

Oh, that would be GREAT if oil companies were like that. I could buy oil in 2002 and not have to buy it for years. Sh!t, I'm running Windows XP with an Athlon XP 2400+ chip. And I can choose not to upgrade to Vista or Conroe. I don't have much of a choice when I run out of gas every week.

 

[DingDingDao]

Originally posted by: JackBurton

Originally posted by: QED

Originally posted by: JackBurton

Originally posted by: JS80
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.

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.

Sorry, you don't NEED gas.

It sure makes life very convenient, but you don't need it... so please stop saying it as though it were true.

How about this, oil is right below food and water now. Adobe is waaaaaaaaaaaaaaay below that.

If Exxon decided to become the world's largest non-profit and sold their product at $2.70 instead of $3.00, would that make you shut your trap about oil companies and their profit? Didn't think so. You'd still be complaining like millions of other people in this country who haven't the slightest idea about how expensive it is to go and find a fossil fuel buried thousands of feet underground, pump it out, transport it halfway around the world (thank the environmentalist lobby in this country for that), refine it, and then deliver it to millions of different locations all over this country so that you don't have to go more than 35 feet to find a gas station. You really need to stop feeling entitled to gasoline. Driving a car is not a constitutional right--it's a privilege. If you can't afford gasoline, you don't get to drive. Similarly, if you can't afford a car, you can't drive. Should we be complaining about Toyota and their profit line too?

 

[b0mbrman]

Originally posted by: moshquerade
why did you not quote me fully?

Dunno, that's where my answer best transitioned in...I can repeat it if you like:

one day i hope to purchase a new age solar powered car or a car that uses alternate fuel, but that is not feasible right now.

i do agree that we are behind, and we were lax since gas was cheap for so long.

Is it hard to understand that you (and the rest of us) should have thought of that years ago?

Who can we blame but ourselves? Certainly not Exxon.

By this point, you "need" it, but you and us other Americans certainly made a lot of carefree money when it was cheap. We took a gamble that gas was gonna stay cheap forever (in retrospect, that was a pretty silly gamble, wasn't it?) and we lost

i did put the blame on us.

So...what exactly do you want then?

 

[b0mbrman]

dp