Exxon's profit > ...

[andylawcc]

http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/060128markets.aspx


The fourth-quarter profit:

Is equal to a profit of $116 million a day for the last three months of 2005.
Is larger than the 2004 gross domestic products of Tanzania and Estonia and twice the GDP of either Malta or Afghanistan.
Is about the same size as the market capitalizations of grocery giant Safeway (SWY, news, msgs) and gambling giant MGM Mirage (MGM, news, msgs). It is twice the market capitalization of home builder Toll Brothers (TOL, news, msgs).

The annual profit:

Is larger than the gross domestic products of Costa Rica and the Dominican Republic.
Is roughly the same size as the market capitalization of fellow Dow component DuPont (DD, news, msgs) and three times the market cap of auto giant General Motors (GM, news, msgs).
Equal to the total revenue of Dow component Caterpillar (CAT, news, msgs)

The annual revenue:

Would make Exxon, with 85,900 employees, the 17th biggest economy in the world, ahead of Switzerland, population 7.5 million.
Is nearly four times the revenue of computer giant IBM (IBM, news, msgs).

Profit margin

In fairness, Market Dispatches should note that Exxon's net profit margin (10.7% for the quarter and 9.7% for the year) is actually fairly moderate. Consider:
Despite disappointing Wall Street with its fourth-quarter report, chip-maker Intel's (INTC, news, msgs) net profit margin was 24.5% for the fourth quarter and 22.4% for the year.
Internet giant Yahoo! (YHOO, news, msgs) had a net profit margin of 36% for the fourth quarter and 34% for the year.
Standard & Poor's estimates the 2005 net profit margin for the S&P 500 at 8.2%.

 

[Sheepathon]

http://forums.anandtech.com/messageview...atid=38&threadid=1792237&enterthread=y

 

[JLGatsby]

And all that money goes to who?

Shareholders of Exxon, the vast majority of who are regular Joes who own mutual funds and Exxon stock.

So what's the problem?

 

[andylawcc]

Originally posted by: Sheepathon
http://forums.anandtech.com/messageview...atid=38&threadid=1792237&enterthread=y

haha, I knew someone would post this...

 

[jpeyton]

Originally posted by: JLGatsby
And all that money goes to who?

Shareholders of Exxon, the vast majority of who are regular Joes who own mutual funds and Exxon stock.

So what's the problem?

Compare the amount of "regular Joes" who purchase Exxon gas vs. the amount who own a mutual fund or Exxon stock...you end up with more losers than winners. And you widen the gap between income classes.

 

[BigJ]

This was brought up during my Money & Banking my course, which then sent my professor on a tirade. He made this gem of a statement, "President Bush has $20-30 billion invested in Oil stocks and funds, which is why he 'allowed' gas and oil prices to get so high." Due to not wanting to effect my grade, I didn't bother to point out that Bush's net worth is only $10-30 million.

 

[Suspicious-Teach8788]

Originally posted by: jpeyton

Originally posted by: JLGatsby
And all that money goes to who?

Shareholders of Exxon, the vast majority of who are regular Joes who own mutual funds and Exxon stock.

So what's the problem?

Compare the amount of "regular Joes" who purchase Exxon gas vs. the amount who own a mutual fund or Exxon stock...you end up with more losers than winners. And you widen the gap between income classes.

You lose because you purchase Exxon gas because? Oh right you have a classic hard left liberal whining about wealth distribution...

 

[JLGatsby]

Originally posted by: jpeyton
Compare the amount of "regular Joes" who purchase Exxon gas vs. the amount who own a mutual fund or Exxon stock...you end up with more losers than winners. And you widen the gap between income classes.

And what's wrong with that?

In the real world, there are more losers than winners. That's just how things work out. It's the Bell Curve.

Who's fault is it those people are losers instead of winners? Their own, period.

In the end, and for the vast majority of people, everything works out fairly.

 

[jpeyton]

Originally posted by: JLGatsby

Originally posted by: jpeyton
Compare the amount of "regular Joes" who purchase Exxon gas vs. the amount who own a mutual fund or Exxon stock...you end up with more losers than winners. And you widen the gap between income classes.

And what's wrong with that?

In the real world, there are more losers than winners. That's just how things work out. It's the Bell Curve.

Who's fault is it those people are losers instead of winners? Their own, period.

In the end, and for the vast majority of people, everything works out fairly.

How do things work out fairly for a "vast majority" of people when you yourself admitted there being more losers than winners in this situation?

 

[JS80]

Originally posted by: DLeRium

Originally posted by: jpeyton

Originally posted by: JLGatsby
And all that money goes to who?

Shareholders of Exxon, the vast majority of who are regular Joes who own mutual funds and Exxon stock.

So what's the problem?

Compare the amount of "regular Joes" who purchase Exxon gas vs. the amount who own a mutual fund or Exxon stock...you end up with more losers than winners. And you widen the gap between income classes.

You lose because you purchase Exxon gas because? Oh right you have a classic hard left liberal whining about wealth distribution...

He + left wing thinks the economy is zero sum. They all believe we should be living like stone age people.

 

[Pocatello]

If you're selling products people has to have, you should make a profit. Good for them. Now people, Americans, please stop buying big SUV and pick-up if you don't really really need them. Buy cars that get at least 25MPG, real life MPG, not according to the sticker on the window.

 

[JLGatsby]

Originally posted by: jpeyton
How do things work out fairly for a "vast majority" of people when you yourself admitted there being more losers than winners in this situation?

Think about it. Think about how most people are. They're stupid, they're irresponsible, they're lazy, they don't think ahead.

The majority of the people, even in America, deserve to be losers. That's a fact.

Now if you disagree with that, you must have very little real world experience with the "average person," because the vast majority of them deserve what they get.

 

[Aimster]

The U.S should control the oil companies

use that money for some good.

 

[JLGatsby]

Originally posted by: Aimster
The U.S should control the oil companies

use that money for some good.

Congrats, that was the dumbest post of the year.

Everyone clap. *clap clap clap*

Someone present him with an award.

 

[jpeyton]

Originally posted by: JLGatsby

Originally posted by: jpeyton
How do things work out fairly for a "vast majority" of people when you yourself admitted there being more losers than winners in this situation?

Think about it. Think about how most people are. They're stupid, they're irresponsible, they're lazy, they don't think ahead.

The majority of the people, even in America, deserve to be losers. That's a fact.

Now if you disagree with that, you must have very little real world experience with the "average person," because the vast majority of them deserve what they get.

Record increases for gas prices leads to record increases for profits, meaning that most of the price increase at the pump went straight to lining the company's pocket.

So according to you, any person that doesn't invest in Exxon is stupid. In fact, all people should just stop worrying about mortgages, bills, rent, etc., and be happy to pay extra at the pump as long as they buy that Exxon stock first.

Nice try.

 

[BigJ]

Originally posted by: jpeyton

Originally posted by: JLGatsby

Originally posted by: jpeyton
How do things work out fairly for a "vast majority" of people when you yourself admitted there being more losers than winners in this situation?

Think about it. Think about how most people are. They're stupid, they're irresponsible, they're lazy, they don't think ahead.

The majority of the people, even in America, deserve to be losers. That's a fact.

Now if you disagree with that, you must have very little real world experience with the "average person," because the vast majority of them deserve what they get.

Record increases for gas prices leads to record increases for profits, meaning that most of the price increase at the pump went straight to lining the company's pocket.

So according to you, any person that doesn't invest in Exxon is stupid. In fact, all people should just stop worrying about mortgages, bills, rent, etc., and be happy to pay extra at the pump as long as they buy that Exxon stock first.

Nice try.

Wasn't only something like 10% of the profits from the US market?

 

[Aimster]

Originally posted by: JLGatsby

Originally posted by: Aimster
The U.S should control the oil companies

use that money for some good.

Congrats, that was the dumbest post of the year.

Everyone clap. *clap clap clap*

Someone present him with an award.

Why don't you go sit in the corner where you are useful?

 

[JLGatsby]

Originally posted by: jpeyton
Record increases for gas prices leads to record increases for profits, meaning that most of the price increase at the pump went straight to lining the company's pocket.

So according to you, any person that doesn't invest in Exxon is stupid. In fact, all people should just stop worrying about mortgages, bills, rent, etc., and be happy to pay extra at the pump as long as they buy that Exxon stock first.

Nice try.

Gatsby says, your increase in investment value should increase at a higher rate than the products you buy, otherwise it's your own fault.

So if you have to pay an extra $1000 a year at the pump, you should have made more than $1000 in your oil related investments.

But if you think that Exxon or any oil company is single handedly responsible for higher gas prices, then you need to go back to school.

Gas is more expensive because oil has increased in value. Do you know who sets oil prices? The market does. It's a publicly traded commodity. Traders set the prices, not oil companies. The oil companies just saw an increase in prices and reaped the benefits of it.

 

[Engineer]

Originally posted by: JLGatsby

Originally posted by: jpeyton
Record increases for gas prices leads to record increases for profits, meaning that most of the price increase at the pump went straight to lining the company's pocket.

So according to you, any person that doesn't invest in Exxon is stupid. In fact, all people should just stop worrying about mortgages, bills, rent, etc., and be happy to pay extra at the pump as long as they buy that Exxon stock first.

Nice try.

Gatsby says, your increase in investment value should increase at a higher rate than the products you buy, otherwise it's your own fault.

So if you have to pay an extra $1000 a year at the pump, you should have made more than $1000 in your oil related investments.

But if you think that Exxon or any oil company is single handedly responsible for higher gas prices, then you need to go back to school.

Gas is more expensive because oil has increased in value. Do you know who sets oil prices? The market does. It's a publicly traded commodity. Traders set the prices, not oil companies. The oil companies just saw an increase in prices and reaped the benefits of it.

So traders are raping us as oil inventories are up 15% vs last year while oil prices are up 45%! :shocked:

 

[JLGatsby]

Originally posted by: Aimster
Why don't you go sit in the corner where you are useful?

Says the guy who thinks a bunch if politicians, most of whom are liars, cheats, trust fund babies, and religious nuts, should control the largest company in the world?

 

[Engineer]

Originally posted by: JLGatsby

Originally posted by: Aimster
Why don't you go sit in the corner where you are useful?

Says the guy who thinks a bunch if politicians, most of whom are liars, cheats, trust fund babies, and religious nuts, should control the largest company in the world?

That's right. Right now the oil men control Washington, DC...shouldn't be the other way around.

 

[BigJ]

Originally posted by: JLGatsby

Originally posted by: Aimster
Why don't you go sit in the corner where you are useful?

Says the guy who thinks a bunch if politicians, most of whom are liars, cheats, trust fund babies, and religious nuts, should control the largest company in the world?

Read Aimster's sig.

 

[JS80]

Originally posted by: Engineer

Originally posted by: JLGatsby

Originally posted by: jpeyton
Record increases for gas prices leads to record increases for profits, meaning that most of the price increase at the pump went straight to lining the company's pocket.

So according to you, any person that doesn't invest in Exxon is stupid. In fact, all people should just stop worrying about mortgages, bills, rent, etc., and be happy to pay extra at the pump as long as they buy that Exxon stock first.

Nice try.

Gatsby says, your increase in investment value should increase at a higher rate than the products you buy, otherwise it's your own fault.

So if you have to pay an extra $1000 a year at the pump, you should have made more than $1000 in your oil related investments.

But if you think that Exxon or any oil company is single handedly responsible for higher gas prices, then you need to go back to school.

Gas is more expensive because oil has increased in value. Do you know who sets oil prices? The market does. It's a publicly traded commodity. Traders set the prices, not oil companies. The oil companies just saw an increase in prices and reaped the benefits of it.

So traders are raping us as oil inventories are up 15% vs last year while oil prices are up 45%! :shocked:

Yes. Hedge funds have way too much $$.

 

[JLGatsby]

Originally posted by: Engineer
So traders are raping us as oil inventories are up 15% vs last year while oil prices are up 45%! :shocked:

Oil demand is at an all time high and yes, traders single handedly set the price of oil.

If you don't understand the process, don't pretend to know what you're talking about.

 

[Aimster]

Originally posted by: JLGatsby

Originally posted by: Aimster
Why don't you go sit in the corner where you are useful?

Says the guy who thinks a bunch if politicians, most of whom are liars, cheats, trust fund babies, and religious nuts, should control the largest company in the world?

The U.S govt. needs to control the oil.

I don't care about the companies.

The U.S pumps out 8mbpd of oil.

What is wrong with that?