Joseph,
That is ExxonMobil, not Exxon Mobile. It depends what a company's strategy is. As I have explained before, my company is looking to attract high volume while making a low margin, as opposed to attracting a lower volume with a higher margin.
Example:
1) Sell 1000 gallons @ $0.05/gal. net margin = $50
or
2) Sell 500 gallons @ $0.10/gal. net margin = $50
My company chooses strategy 1). Other companies may choose strategy 2). I submit that my company's strategy is better for consumers as you can see in your own pocketbook.
No company is being greedy to try and catch ExxonMobil.
Record profits for gas companys
Discussion in '2005 Archive' started by Timtoolman, Oct 28, 2005.
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The oil industry supports more of my
extended family than the Governments do.
I have no problem with the oil companies
making a few bucks. -
Plus as has been shown, the return that the oil & gas companies get on their capital employed is lower than what lots of other industries earn.
This overemphasis on absolute numbers shows just how poor economic education is in this country. -
Neal Boortz's take on the oil issue:
LINK -
More Neal Boortz on this issue:
http://boortz.com/nuze/200510/10312005.html#profits
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