Try this to reduce gas prices everyone!!!!

[SampSon]

Originally posted by: Phokus

Originally posted by: Phokus

Originally posted by: JS80

Originally posted by: RCN

Originally posted by: Duddy
But Exxon made a 36 Billion dollar profit last quarter. And they didn't use that money to build refinaries or anything. They are gouging us soo bad.

hhhmmmm.......gouging us yeah.....what was the profit margin again?

Exxon = 11% profit margin
Nvidia = 13% profit margin
Google and ebay 24% profit margin
Microsoft 32% profit margin

So no, Exxon is not gouging. In fact Nvidia and Google are more evil because they make a higher margin :roll:

Depends on what metric you're looking at, oil companies have one of the best ROE (return on equity) of any industry, from what i've read.

Oh yeah, and oil companies have huge capital investments that they need to make, comparing them to tech companies is stupid as well.

I just read something about historical ROE. Oil companies have a very high ROE because their capital investments are typically used for equipment, which are considered assets.
Where in an industry like pharmaceuticals the vast majority of capital investment goes into R&D, which is considered and expense and reduces the shareholders equity.
Most ROE comparisons are not apples to apples.

 

[FeuerFrei]

I saw this proposition a week or two ago. I'm already there. Only buy from Shell or Chevron.

 

[JS80]

Originally posted by: Phokus

Originally posted by: Phokus

Originally posted by: JS80

Originally posted by: RCN

Originally posted by: Duddy
But Exxon made a 36 Billion dollar profit last quarter. And they didn't use that money to build refinaries or anything. They are gouging us soo bad.

hhhmmmm.......gouging us yeah.....what was the profit margin again?

Exxon = 11% profit margin
Nvidia = 13% profit margin
Google and ebay 24% profit margin
Microsoft 32% profit margin

So no, Exxon is not gouging. In fact Nvidia and Google are more evil because they make a higher margin :roll:

Depends on what metric you're looking at, oil companies have one of the best ROE (return on equity) of any industry, from what i've read.

Oh yeah, and oil companies have huge capital investments that they need to make, comparing them to tech companies is stupid as well.

Right...because tech co's don't have capex...

Let's compare with other cos:
Citigroup profit margin = 33%
Johnson and Johnson = 21%
GE = 11%
3M 15%
Coca Cola 21%
Pepsi = 13%
McDonald's 13%

Let's boycott Coca Cola because they have too high a profit margin. Let's drink only Pepsi to even out the market :roll:

Looks like Exxon's profit margin's aren't that unreasonable.

 

[Phokus]

Originally posted by: JS80

Originally posted by: Phokus

Originally posted by: Phokus

Originally posted by: JS80

Originally posted by: RCN

Originally posted by: Duddy
But Exxon made a 36 Billion dollar profit last quarter. And they didn't use that money to build refinaries or anything. They are gouging us soo bad.

hhhmmmm.......gouging us yeah.....what was the profit margin again?

Exxon = 11% profit margin
Nvidia = 13% profit margin
Google and ebay 24% profit margin
Microsoft 32% profit margin

So no, Exxon is not gouging. In fact Nvidia and Google are more evil because they make a higher margin :roll:

Depends on what metric you're looking at, oil companies have one of the best ROE (return on equity) of any industry, from what i've read.

Oh yeah, and oil companies have huge capital investments that they need to make, comparing them to tech companies is stupid as well.

Right...because tech co's don't have capex...

Let's compare with other cos:
Citigroup profit margin = 33%
Johnson and Johnson = 21%
GE = 11%
3M 15%
Coca Cola 21%
Pepsi = 13%
McDonald's 13%

Let's boycott Coca Cola because they have too high a profit margin. Let's drink only Pepsi to even out the market :roll:

Looks like Exxon's profit margin's aren't that unreasonable.

No offense, but you don't know what the hell you're talking about if you think comparing the capital investments that microsoft, google and nvidia have to make to exxon mobile and BP is appropriate.