Exxon Mobil

Discussion in 'Politics' started by Salty, Feb 8, 2007.

  1. Salty

    Salty
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    Over on the History page, Convicited 1 stated that Exxon-mobil made a profit of 39 billion dollars (thats 39,000,000,000)

    So what, we live in a capitalistic society. We encourage everyone to do the best they can.

    lets say there are 50,000 Exxon / Mobil stations in the US ( on an averge that would be 1,00 per state)
    Okay, lets divide the 39 billion by 50,ooo stations = $780,000 per station that = $15,000 per week

    Now, to begin with, is that 39 billion gross or net? I dont know, but I would like to know

    Here is a good question, how much did Exxon-Mobil pay in taxes last year?

    If you think they are making too much money, why not buy some stock?
    You could buy a share for about $75

    Will mention more lattter

    Salty
     
  2. UnchartedSpirit

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    the only thing worring me about Exxon is that I can't stop thinking of that TV narrator going "Exxon Mobile Masterpiece Theatre...."



    but remember, puns are the holiest form of humor.
     
  3. KenH

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  4. North Carolina Tentmaker

    North Carolina Tentmaker
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    The way a free market economy works if the government will just keep its hands off of it amazes me. Just at the time we see rising oil prices indicating a demand for more production the oil companies like Exxon-Mobile make record profits that then can be invested in exploration and production increases. As long as the government does not try to touch this money and destroy their profitability the oil companies will increase production and the price will drop.

    The solution to our fuel crisis is the same as the solution for our health insurance and social security problems. Get the government to keep their hands off.
     
  5. Daisy

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    Earnings = Gross
    Profits = Net
     
  6. Ed Edwards

    Ed Edwards
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    Ah yes, the same old ploys.
    In the early 1980s CBS said in a headline: Exxon Profits Double.
    Looking at the Return on Investment /ROI/ (how much money has to be
    tied up all year to make the profit is divided into the prpfit).
    Checking out the figures, at that time indeed the ROI of
    Exxon was 1% the year before and 2% the given year so
    yes, the headline was true: Exxon Profits Double

    Those two years CBS ROI was 11% the first year and 12% the
    second year. It is economy of scale, Exxon International has
    one hundredres of thousanads of employes who ship
    and distribute oil supplies around the world -- CBS hires
    hundreds of people to (pardon my negativity) 'make up the news'.
     
  7. Dragoon68

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    Excellent! That's the part people often forget. It takes a lot to make a lot in a business like this. They also forget that this profitable business provides jobs for a whole lot of people directly and indirectly. Whenever there's an exchange of tangible goods and services - using money as the media - it's a probably good thing.
     
  8. quidam65

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    I personally know two ladies who work for the Exxon Mobil board of directors here in the DFW area (they're part of a Bible study group I've attended for three years). Every time more news comes out about the company's mind-boggling profits (not criticizing, but the sheer size blows me away) I ask them how many nasty e-mails they've received.
     
  9. hillclimber1

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    And? Her/their response?
     

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