Exxon post biggest quarterly profit ever by any corporation

[Auric]

Originally posted by: DainBramaged
Good for them. I wish I owned their stock.

Sure, it would be nice to have some for free but it has been a crap investment. The nominal price has hardly doubled in five and even ten years while the yield is below inflation. Now, if you got it twenty-five years ago, then it would be something.

 

[Queasy]

Originally posted by: Modelworks

Originally posted by: BigJ

Originally posted by: Modelworks

Originally posted by: Slew Foot
Their profit margin is about 7%, most companies are over 10%, pharmaceuticals are usually close to 20%.

I suppose they could cut 2% off the price whup dee do, 8 cents a gallon.

They deal in humongous volume, which is why their numbers are so large.

$3 for every $1 spent is not 7%

Are you factoring in just exploration costs?

Their revenue was $116.8B. Their profit was $11.7B. So they are right at 10% if you follow Total Revenue - Total Cost = Profit. P/TR = 10%

http://www.bloomberg.com/apps/...chive&sid=a0q_bDb6bI20

Exxon Mobil generates about $27 of cash flow from each barrel of production, 21 percent higher than the industry average, Gibbons said. The company was the most efficient oil and gas producer among its peers, yielding almost $3 of cash flow for every $1 spent, he said.

That's just for the oil that Exxon themselves drill. When it comes time to refine that oil, they have to turn around and buy those barrels of oils at market price. Exxon has to buy more barrels of crude than it produces for its refining operations. Then there is the rest of their business they have to pay for too.

 

[BigJ]

.

 

[Queasy]

Originally posted by: BigJ
Preaching to the choir man.

Sorry, I meant to quote Modelworks but quoted you by accident.

 

[spidey07]

Originally posted by: Auric

Originally posted by: DainBramaged
Good for them. I wish I owned their stock.

Sure, it would be nice to have some for free but it has been a crap investment. The nominal price has hardly doubled in five and even ten years while the yield is below inflation. Now, if you got it twenty-five years ago, then it would be something.

Don't they pay great dividends?

 

[brandonbull]

I bet their cash flow is way above $11B.

 

[Christobevii3]

Thats because their production output has been falling since 2007. They can't secure new fields to drill on because of the government.

 

[Christobevii3]

Why? It is down $16 a share from its 52 week high and pays a relatively small dividend. I am trying to unload mine but my phone was down the day i was trying to sell.

 

[Christobevii3]

Its not that great. I get roughly $1600 a year in dividend, which hasn't kept up with the stock dropping lately.

 

[rgwalt]

Originally posted by: Christobevii3
Thats because their production output has been falling since 2007. They can't secure new fields to drill on because of the government.

and other foreign governments. Having fields seized by Venezuela was tough on Exxon. But, they'll be back... just give them time.

Also, refiners do not set the price of gasoline. No single refiner has enough capacity or market hold to significantly sway the price of gasoline.

R

 

[ViviTheMage]

cooooooooooooooooool

 

[91TTZ]

Originally posted by: Modelworks

Yeah, they can't lower gas prices, they are hurting.

Why should they? People are still buying their product.

 

[LS21]

Originally posted by: geno
Boycott gas companies!! That'll get them to lower prices for sure. I have proof here in this email I received....

We should set a date, on which NONE of us will pump from Shell. That way, they will be forced to lower their prices, and their competitors will in turn have to lower THEIR prices.

WIN!

 

[Queasy]

Wow - Even though Exxon made $11 billion in profits, they paid $32 billion in taxes. That's almost $3 in taxes for every $1 of profit.

 

[YoungGun21]

Of their $138B revenue how much was spent on research of alternative fuels? Anybody know?

 

[AlienCraft]

And still no new refineries being built.
So any oil from any source can still be chokepointed and supply controlled and elevated prices maintained with plausible deniability.

 

[Christobevii3]

Originally posted by: YoungGun21
Of their $138B revenue how much was spent on research of alternative fuels? Anybody know?

You do realize it makes sense for a company to specialize in one area instead of trying to do everything? Exxon would be better off buying stock in other companies, which they do so in a sense they do other areas.

Its like trying to make elton john perform a metal show, it makes no sense.

 

[Red Dawn]

Originally posted by: 91TTZ

Originally posted by: Modelworks

Yeah, they can't lower gas prices, they are hurting.

Why should they? People are still buying their product.

I've never used an Exxon Station but their product is probably distributed by some kind of brokers to the budget stations most people use.

 

[BladeVenom]

If you want to see price gouging, look at Microsoft. The oil companies are charity institutions compared to MS.

 

[Auric]

Originally posted by: spidey07

Originally posted by: Auric

Originally posted by: DainBramaged
Good for them. I wish I owned their stock.

Sure, it would be nice to have some for free but it has been a crap investment. The nominal price has hardly doubled in five and even ten years while the yield is below inflation. Now, if you got it twenty-five years ago, then it would be something.

Don't they pay great dividends?

Nope, only two percent. Must have bought at least fifteen years ago for ten percent. As said, twenty-five years ago and one would be making out like a bandit with forty percent plus of course appreciation of forty times. Must be good for old pension funds. Looking at the chart of the previous ten to fifteen years, however, shows it was again a poor investment. Tough bidness. The fact that they are eking out a mere 8% profit is surely proof of that.

 

[fallenangel99]

what finance blogs/forums do some of you guys read to get in more depth analysis on stocks, profit analysis, etc?

 

[Queasy]

Originally posted by: AlienCraft
And still no new refineries being built.
So any oil from any source can still be chokepointed and supply controlled and elevated prices maintained with plausible deniability.

That has little to do with 'plausible deniability' and more to do with restrictions on building new refineries due to environmental restrictions, NIMBYism, and lawsuits. They've had to add capacity to existing refineries instead.

Still, because of the high gas prices, demand has dropped and refineries aren't running at capacity like they were before.

 

[slsmnaz]

Originally posted by: Auric

Originally posted by: spidey07

Originally posted by: Auric

Originally posted by: DainBramaged
Good for them. I wish I owned their stock.

Sure, it would be nice to have some for free but it has been a crap investment. The nominal price has hardly doubled in five and even ten years while the yield is below inflation. Now, if you got it twenty-five years ago, then it would be something.

Don't they pay great dividends?

Nope, only two percent. Must have bought at least fifteen years ago for ten percent. As said, twenty-five years ago and one would be making out like a bandit with forty percent plus of course appreciation of forty times. Must be good for old pension funds. Looking at the chart of the previous ten to fifteen years, however, shows it was again a poor investment. Tough bidness. The fact that they are eking out a mere 8% profit is surely proof of that.

You know, my grandad bought me and my sister 3 shares in 1980 just so we'd learn about stocks, how to read the stock page, etc. It split a few times since then and since I re-invested the dividends and picked up a few shares along the way, I sold it and am financing my wedding.

Same grandad bought us a computer around the same time (TRS-80) and told my parents to be sure we learn to use it because they would be very important in the future. Pretty smart man

 

[imported_Lothar]

Originally posted by: spidey07

Originally posted by: Auric

Originally posted by: DainBramaged
Good for them. I wish I owned their stock.

Sure, it would be nice to have some for free but it has been a crap investment. The nominal price has hardly doubled in five and even ten years while the yield is below inflation. Now, if you got it twenty-five years ago, then it would be something.

Don't they pay great dividends?

Nonsense.
I know dozens of companies that provide me a greater return for my investment.

What moron would invest in a company that has a profit margin of only 8%?

I've seen better companies that pay better dividends and have bigger moat entrances to their respective castles.
I wouldn't call a 2% dividend yield "great".

 

[ultimatebob]

Originally posted by: spidey07

Originally posted by: Auric

Originally posted by: DainBramaged
Good for them. I wish I owned their stock.

Sure, it would be nice to have some for free but it has been a crap investment. The nominal price has hardly doubled in five and even ten years while the yield is below inflation. Now, if you got it twenty-five years ago, then it would be something.

Don't they pay great dividends?

They might as well give back those profits in dividends... it's not like the Congress is letting them build enough refineries or drill anywhere new for oil in this country :|