Exxon Mobil

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.

 

That is net income.

One must also take into account how much in the way of sales and how much in the way of assets it took to create that much income.

Assets: $208,000,000,000(as of 12/31/2005)

Revenue: $378,000,000,000

http://finance.yahoo.com/q/bs?s=XOM&annual

http://biz.yahoo.com/bw/070201/20070201005687.html?.v=1

 

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.

 

Earnings = Gross
Profits = Net

 

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'.

 

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.

 

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.

 

And? Her/their response?