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View Full Version : Exxon/Mobil made $75,000 profit PER MINUTE last year


TinyEvel
02-01-2007, 05:06 PM
Just saw something on CNN. They netted something like 36 Billion?

did you get that chain email a year or so ago telling you to buy your gas ANYPLACE ELSE since Exxon/Mobile gets most of their oil from the Middle East?
Well, THAT sure worked.

(So much for the proposed chain email to fire Carl) :cuss:
And what was the very next story on CNN? More troops going to Iraq! :banghead:

Donger
02-01-2007, 05:14 PM
Just saw something on CNN. They netted something like 36 Billion?

did you get that chain email a year or so ago telling you to buy your gas ANYPLACE ELSE since Exxon/Mobile gets most of their oil from the Middle East?
Well, THAT sure worked.

(So much for the proposed chain email to fire Carl) :cuss:
And what was the very next story on CNN? More troops going to Iraq! :banghead:

Obviously, you need to stop watching CNN.

God of Thunder
02-01-2007, 05:14 PM
I don't care who you are, no company needs to make THAT much money. What'd i'd do for even a small percentage of that.

Donger
02-01-2007, 05:15 PM
I don't care who you are, no company needs to make THAT much money. What'd i'd do for even a small percentage of that.

Da, comrade!

DMAC
02-01-2007, 05:20 PM
Isn't that about the same as A-ROD's contract?

JBucc
02-01-2007, 05:24 PM
Big deal. I make $75,000 every .98 seconds.

Adept Havelock
02-01-2007, 05:32 PM
I don't care who you are, no company needs to make THAT much money. What'd i'd do for even a small percentage of that.


Awaiting BEP post in 5...4...3...2...

Coach
02-01-2007, 05:34 PM
$39.5 Billion.

Hoover
02-01-2007, 05:34 PM
I'm jelous

Mr. Laz
02-01-2007, 05:36 PM
I don't care who you are, no company needs to make THAT much money. What'd i'd do for even a small percentage of that.
ooops... that comment isn't going to go over very well.


people around here love it when companies are rich and people are poor.

Simplex3
02-01-2007, 05:41 PM
I don't care who you are, no company needs to make THAT much money. What'd i'd do for even a small percentage of that.
You know, you could get a small percentage. Own stock in them like I do.

Dumbass.

JBucc
02-01-2007, 05:42 PM
You know, you could get a small percentage. Own stock in them like I do.

Dumbass.LOLMAO

Simplex3
02-01-2007, 05:42 PM
I don't care who you are, no company needs to make THAT much money. What'd i'd do for even a small percentage of that.
Oh, and just wait until someone poorer than you decides that YOU make too much money. What are you going to do, hand yours over to them?

Mr. Laz
02-01-2007, 05:44 PM
Oh, and just wait until someone poorer than you decides that YOU make too much money. What are you going to do, hand yours over to them?
don't know ... does he have a social monopoly on a world necessity

Donger
02-01-2007, 05:45 PM
don't know ... does he have a social monopoly on a world necessity

Huh?

Adept Havelock
02-01-2007, 05:46 PM
don't know ... does he have a social monopoly on a world necessity


I think Thunder is a global necessity...being part of the weather patterns and all that. :shrug:

Mr. Laz
02-01-2007, 05:47 PM
Huh?
food
energy
medication

all things that are basic necessities ... all things that are open to abuse and should be regulated by the government to protect it's citizens.

Mr. Laz
02-01-2007, 05:48 PM
I think Thunder is a global necessity...being part of the weather patterns and all that. :shrug:
hehe :)


think i could buy some stock?

Donger
02-01-2007, 05:50 PM
I doubt this will faze the people who are shocked and annoyed at the $39.5 billion figure, but did you know that the net profit margin of Exxon is still right around 9%?

Meanwhile, Microsoft's profit margin is 26%

Donger
02-01-2007, 05:51 PM
food
energy
medication

all things that are basic necessities ... all things that are open to abuse and should be regulated by the government to protect it's citizens.

Ah, price controls on a product that originates on a global market.

Yes, that makes a lot of sense.

Mr. Laz
02-01-2007, 05:55 PM
I doubt this will faze the people who are shocked and annoyed at the $39.5 billion figure, but did you know that the net profit margin of Exxon is still right around 9%?

Meanwhile, Microsoft's profit margin is 26%
people have more of a choice whether to use microsoft than they do Exxon.

there really is very few options when it comes to oil


but then again, you know that. We've been through this all before.

Mr. Laz
02-01-2007, 05:58 PM
Ah, price controls on a product that originates on a global market.

Yes, that makes a lot of sense.
but we are talking "PROFIT" here

people understand that exxon raises the price when the cost of a barrel of oil goes up on the global market.


we are talking about how they make so much profit even when they they are blaming Opec for the prices going up.


they are taking full advantage of their global monopoly ... people have little choice and they know it.

Donger
02-01-2007, 05:58 PM
people have more of a choice whether to use microsoft than they do Exxon.

there really is very few options when it comes to oil


but then again, you know that. We've been through this all before.

Really? Do you know how many oil companies operate within the United States?

I'd be surprised if there are fewer oil companies that you can buy from as compared to the number of OS providers you can select from.

Donger
02-01-2007, 06:00 PM
but we are talking "PROFIT" here

people understand that exxon raises the price when the cost of a barrel of oil goes up on the global market.


we are talking about how they make so much profit even when they they are blaming Opec for the prices going up.


they are taking full advantage of their global monopoly ... people have little choice and they know it.

No, what matters is PROFIT MARGIN not raw PROFIT. The PROFIT number is so large because their REVENUES are so large. They are a massive company who sells a lot of oil products.

Simplex3
02-01-2007, 06:04 PM
don't know ... does he have a social monopoly on a world necessity
I just got gas the other day and it wasn't from Exxon. Weird monopoly they have.

chiefforlife
02-01-2007, 06:09 PM
Making a profit is not a bad thing. Making record profits while fleecing the public IS.

Donger
02-01-2007, 06:10 PM
Making a profit is not a bad thing. Making record profits while fleecing the public IS.

I agree.

HonestChieffan
02-01-2007, 06:14 PM
thats great!

Simplex3
02-01-2007, 06:15 PM
Making a profit is not a bad thing. Making record profits while fleecing the public IS.
How does a publicly held company "fleece" anyone?

HonestChieffan
02-01-2007, 06:16 PM
somebody will be all in a snit cause they made a profit. No one gives a damn if the lost money.

I say great, congrats, you did what a business is supposed to do.

Mr. Laz
02-01-2007, 06:17 PM
I just got gas the other day and it wasn't from Exxon. Weird monopoly they have.
whatever ... you know and i know that the oil market works together towards pricing.

monopoly isn't the right word... there is another name for it that is escaping me right at the moment. That's why i said "social monopoly"

bottomline is that people are at the mercy of the medical and energy companies and it's one of the bigger problems in today's society.


i have no problem is the United American Yo-Yo company wants to charge a 1,000 per Yo-Yo. People will only buy them if they really want them.

but food,medical and energy are different

Mr. Laz
02-01-2007, 06:19 PM
somebody will be all in a snit cause they made a profit. No one gives a damn if the lost money.

I say great, congrats, you did what a business is supposed to do.
congrats ...... you're a neocon

Simplex3
02-01-2007, 06:22 PM
whatever ... you know and i know that the oil market works together towards pricing.

monopoly isn't the right word... there is another name for it that is escaping me right at the moment. That's why i said "social monopoly"

bottomline is that people are at the mercy of the medical and energy companies and it's one of the bigger problems in today's society.


i have no problem is the United American Yo-Yo company wants to charge a 1,000 per Yo-Yo. People will only buy them if they really want them.

but food,medical and energy are different
Funny you bring up medical since your beloved govt. allows them to collude. As for oil most of that collusion also occurs at the govt level over in the Middle East. Food? All kinds of govt fuqtards around that, too.

Simplex3
02-01-2007, 06:23 PM
congrats ...... you're a neocon
So the definition of neocon is "one who believes companies should make money"?

Mr. Laz
02-01-2007, 06:24 PM
Funny you bring up medical since your beloved govt. allows them to collude. As for oil most of that collusion also occurs at the govt level over in the Middle East. Food? All kinds of govt fuqtards around that, too.
chit ... MY BELOVED government :eek:


this dumbass government isn't even close to being anything i would choose.

They are almost the complete opposite of what i would choose.

Mr. Laz
02-01-2007, 06:30 PM
So the definition of neocon is "one who believes companies should make money"?
they tend to believe in certain things:

1. legislation of morality based laws (gay should be illegal etc)
2. foreign policy - kickass, take names
3. people are sheep to be used however business and gov. sees fit.


number 3 applies to oil companies ... take care of the businesses, people are expendable.

chief2000
02-01-2007, 07:53 PM
http://www.citizen.org/pressroom/release.cfm?ID=2268

chief2000
02-01-2007, 07:58 PM
http://www.oligopolywatch.com/2004/06/12.html

Donger
02-01-2007, 08:14 PM
http://www.citizen.org/pressroom/release.cfm?ID=2268

"Since 2005, the largest five control 55 percent of the refining market, and the largest 10 dominate 81.4 percent."

Thanks. So, you have ten choices when you fill up, at least.

Hey laz? Are there 10 choices for operating systems?

BWillie
02-01-2007, 08:56 PM
Do you know anybody in this country that doesn't use gas? The oil companies make about five cents per gallon off of you at the pump. Do you really think you would stop bitching if gas was five cents cheaper? The sheer volume and magnitude of frequency and amount of people that buy gas on a daily basis is why oil companies make so much profit, because we as a society are dependent on it. It's not the oil companies fault we are dependent on dead animal remains and peat.

I'm all for drilling in Alaska, and wherever else, who cares if seals die from oil spills.

HonestChieffan
02-01-2007, 09:01 PM
they tend to believe in certain things:

1. legislation of morality based laws (gay should be illegal etc)
2. foreign policy - kickass, take names
3. people are sheep to be used however business and gov. sees fit.

Just because I see it as OK that a business makes money, you calll me a neocon and define it like this??

You are a moron. Take that as a nice and good thing. Morons can be swell folks.

But let me assure you I have no interest in "morality based laws". Most of those are feeble attemts by nut cases either left or right to control how we live or thinnk and restrict freedoms.

On foreign policy I think we have shown a decided inability to kick ass and generally we just call names.

And i do not see people as sheep and generally distrust government.

So more appropriate is to call me a capitalist...I make no appology. Business have to run at a profit, its their job. Dont bitch cause a company did well at what is supposed to do.

So get your terminology right. I am a capitalist, you are a moron.

dirk digler
02-01-2007, 09:46 PM
Hey laz? Are there 10 choices for operating systems?

Way more than 10

1. MS-DOS
2. OS/2
3. Windows 3.1
4. Windows 95
5. Windows 98
6. Windows 98SE
7. Windows NT
8 Windows ME
9 Windows 2000
10 Windows XP
11 Vista
12 MacOS
13 Linux
14 SuSe
15 FreeBSD
16 Ubunto
17 Fedora Core
18 Debian
19 Knoppix
20 Mac OSX

That is just the beginning

Donger
02-01-2007, 09:48 PM
Way more than 10

1. MS-DOS
2. OS/2
3. Windows 3.1
4. Windows 95
5. Windows 98
6. Windows 98SE
7. Windows NT
8 Windows ME
9 Windows 2000
10 Windows XP
11 Vista
12 MacOS
13 Linux
14 SuSe
15 FreeBSD
16 Ubunto
17 Fedora Core
18 Debian
19 Knoppix
20 Mac OSX

That is just the beginning

Heh. As far as I can tell, only nine of those aren't Microsoft products.

Anyway, I think you know my point.

dirk digler
02-01-2007, 10:15 PM
Heh. As far as I can tell, only nine of those aren't Microsoft products.

Anyway, I think you know my point.

There is probably 500+ OS's that you can use but there is what 10 gas/oil companies? Gas is a neccessity that is why people get pissed when they see companies like Exxon make huge profits and gas is still high.

Simplex3
02-01-2007, 10:19 PM
Way more than 10
---Microsoft---
1. MS-DOS
2. OS/2
3. Windows 3.1
4. Windows 95
5. Windows 98
6. Windows 98SE
7. Windows NT
8 Windows ME
9 Windows 2000
10 Windows XP
11 Vista
---Microsoft---

---Apple---
12 MacOS
20 Mac OSX
---Apple---

---Linux distros---
13 Linux
14 SuSe
16 Ubunto
17 Fedora Core
18 Debian
19 Knoppix
---Linux distros---

---BSD Derivatives---
15 FreeBSD
---BSD Derivatives---

That is just the beginning
Ok, there's 4. Oh, and ONE of them controls 90% of the market and is clear up SaulWIN32guy's ass.

Here's a hand, the top 100 open source distros, ranked by page hits per day.

1 Ubuntu
2 openSUSE
3 Fedora
4 MEPIS
5 PCLinuxOS
6 Mandriva
7 Debian
8 Damn Small
9 Slackware
10 Sabayon
11 Gentoo
12 KNOPPIX
13 Zenwalk
14 FreeBSD
15 Kubuntu
16 Freespire
17 Puppy
18 CentOS
19 Vector
20 Mint
21 Ubuntu CE
22 Dreamlinux
23 Xandros
24 Arch
25 Xubuntu
26 SLAX
27 Elive
28 KANOTIX
29 PC-BSD
30 Red Hat
31 Nexenta
32 KateOS
33 Frugalware
34 Foresight
35 64 Studio
36 Novell SLE
37 Linux XP
38 GeeXboX
39 Solaris
40 VLOS
41 GParted
42 SystemRescue
43 Linspire
44 BackTrack
45 Symphony OS
46 Yellow Dog
47 VideoLinux
48 Scientific
49 OpenBSD
50 NetBSD
51 Devil
52 DesktopBSD
53 Underground
54 Kororaa
55 IPCop
56 Ark
57 Vine
58 dyne:bolic
59 LFS
60 LG3D
61 Kurumin
62 Berry
63 FreeSBIE
64 BLAG
65 Ulteo
66 Pardus
67 SaxenOS
68 Feather
69 Lunar
70 Turbolinux
71 Myah OS
72 DragonFly
73 SME Server
74 DeLi
75 Parsix
76 Musix
77 FreeNAS
78 ClarkConnect
79 m0n0wall
80 Helix
81 AUSTRUMI
82 GoboLinux
83 trixbox
84 SmoothWall
85 Gentoox
86 FoX Desktop
87 aLinux
88 Wolvix
89 SAM
90 Mediainlinux
91 EnGarde
92 Astaro
93 LiveCD Router
94 Pentoo
95 Edubuntu
96 easys
97 BIG LINUX
98 Yoper
99 QiLinux
100 Morphix

Donger
02-01-2007, 10:28 PM
There is probably 500+ OS's that you can use but there is what 10 gas/oil companies? Gas is a neccessity that is why people get pissed when they see companies like Exxon make huge profits and gas is still high.

Okay, I understand that. But OSs are created from nothing. They are the creation of humans, with no other tangible natural resource require for their creation.

The gasoline that you put into your car came from miles beneath the earth, formed over millions of years. The provcess to find it is complex, expensive and time-consuming, not to mention hit-or-miss. The process to extract it is VERY dangerous and expensive. It then has to be transported to a refinery. It then has to be refined. It then has to be transported again.

I just wish that people understood the process involved, not to mention the global economics.

dirk digler
02-01-2007, 10:32 PM
Ok, there's 4. Oh, and ONE of them controls 90% of the market and is clear up SaulWIN32guy's ass.

Here's a hand, the top 100 open source distros, ranked by page hits per day.

1 Ubuntu
2 openSUSE
3 Fedora
4 MEPIS
5 PCLinuxOS
6 Mandriva
7 Debian
8 Damn Small
9 Slackware
10 Sabayon
11 Gentoo
12 KNOPPIX
13 Zenwalk
14 FreeBSD
15 Kubuntu
16 Freespire
17 Puppy
18 CentOS
19 Vector
20 Mint
21 Ubuntu CE
22 Dreamlinux
23 Xandros
24 Arch
25 Xubuntu
26 SLAX
27 Elive
28 KANOTIX
29 PC-BSD
30 Red Hat
31 Nexenta
32 KateOS
33 Frugalware
34 Foresight
35 64 Studio
36 Novell SLE
37 Linux XP
38 GeeXboX
39 Solaris
40 VLOS
41 GParted
42 SystemRescue
43 Linspire
44 BackTrack
45 Symphony OS
46 Yellow Dog
47 VideoLinux
48 Scientific
49 OpenBSD
50 NetBSD
51 Devil
52 DesktopBSD
53 Underground
54 Kororaa
55 IPCop
56 Ark
57 Vine
58 dyne:bolic
59 LFS
60 LG3D
61 Kurumin
62 Berry
63 FreeSBIE
64 BLAG
65 Ulteo
66 Pardus
67 SaxenOS
68 Feather
69 Lunar
70 Turbolinux
71 Myah OS
72 DragonFly
73 SME Server
74 DeLi
75 Parsix
76 Musix
77 FreeNAS
78 ClarkConnect
79 m0n0wall
80 Helix
81 AUSTRUMI
82 GoboLinux
83 trixbox
84 SmoothWall
85 Gentoox
86 FoX Desktop
87 aLinux
88 Wolvix
89 SAM
90 Mediainlinux
91 EnGarde
92 Astaro
93 LiveCD Router
94 Pentoo
95 Edubuntu
96 easys
97 BIG LINUX
98 Yoper
99 QiLinux
100 Morphix

The question posed by Donger was are there 10 choices of operating systems? Clearly there are. You have hundreds of choices. If you want to break it down fine but each OS is different. Windows for Workgroup 3.11 is not anything like Windows XP.

Plus don't forget all of the mainframe OS's and the personal device OS's as well.

dirk digler
02-01-2007, 10:38 PM
Okay, I understand that. But OSs are created from nothing. They are the creation of humans, with no other tangible natural resource require for their creation.

The gasoline that you put into your car came from miles beneath the earth, formed over millions of years. The provcess to find it is complex, expensive and time-consuming, not to mention hit-or-miss. The process to extract it is VERY dangerous and expensive. It then has to be transported to a refinery. It then has to be refined. It then has to be transported again.

I just wish that people understood the process involved, not to mention the global economics.

I clearly understand the process.

With all the technology and better equipment the oil companies have today could it be that is actually cheaper today to drill oil then it was 10-20 years ago?

Simplex3
02-01-2007, 10:38 PM
The question posed by Donger was are there 10 choices of operating systems? Clearly there are. You have hundreds of choices. If you want to break it down fine but each OS is different. Windows for Workgroup 3.11 is not anything like Windows XP.

Plus don't forget all of the mainframe OS's and the personal device OS's as well.
Diesel vs. Unleaded vs Premium vs Techron vs SomeOtherAdditive vs Ethanol...

Donger
02-01-2007, 10:40 PM
I clearly understand the process.

With all the technology and better equipment the oil companies have today could it be that is actually cheaper today to drill oil then it was 10-20 years ago?

Not when you have to drill in three thousand feet of water, no.

dirk digler
02-01-2007, 10:40 PM
Diesel vs. Unleaded vs Premium vs Techron vs SomeOtherAdditive vs Ethanol...

****...:banghead:

you actually make a good point. :)

dirk digler
02-01-2007, 10:43 PM
Not when you have to drill in three thousand feet of water, no.

Are they using the same technology as they were 20 years ago?

Donger
02-01-2007, 10:45 PM
Are they using the same technology as they were 20 years ago?

No. Not even close.

Simplex3
02-01-2007, 10:53 PM
****...:banghead:

you actually make a good point. :)
Sorry.

Simplex3
02-01-2007, 10:53 PM
Are they using the same technology as they were 20 years ago?
No, but they also aren't supporting the same demand.

Donger
02-01-2007, 10:58 PM
Here's a fun stat:

Argus Research analyst Jeb Armstrong said of the profit: "It's big. It's the biggest thing out there, and there's no ignoring it. There's a perception that they're making too much. The simple truth of the matter is that prices are set by supply and demand, and they are a price taker, not a price maker."

Most of Exxon's earnings increase came from worldwide exploration and production, which reported a 44 percent profit jump, while refining and marketing saw a 2 percent earnings rise."

If you people went to the gas station to fill up and there was no gasoline, you'd be complaining even more.

Simplex3
02-01-2007, 11:14 PM
If you people went to the gas station to fill up and there was no gasoline, you'd be complaining even more.
...and if it was $1.50 a gallon they'd leave their cars running overnight, just to keep them warm.

morphius
02-01-2007, 11:32 PM
Here's a fun stat:

Argus Research analyst Jeb Armstrong said of the profit: "It's big. It's the biggest thing out there, and there's no ignoring it. There's a perception that they're making too much. The simple truth of the matter is that prices are set by supply and demand, and they are a price taker, not a price maker."

Most of Exxon's earnings increase came from worldwide exploration and production, which reported a 44 percent profit jump, while refining and marketing saw a 2 percent earnings rise."

If you people went to the gas station to fill up and there was no gasoline, you'd be complaining even more.
Price taker? By Definition, I doubt it...

1. An investor whose buying or selling transactions are assumed to have no effect on the market.

2. A firm that can alter its rate of production and sales without significantly affecting the market price of its product.

They raped peoples wallets because there is no other alternative for most Americans to get to work, a fact that is hard to overlook. Some price increases are bound to happen, nobody is arguing that they should never happen, but gas isn't a "choice" for most people and companies. It is kind of like some companies ignoring their pipe line, because the worst that is gonna happen is that the price will just go up when people worry about it, which should more then pay for the repairs...

Donger
02-01-2007, 11:44 PM
Price taker? By Definition, I doubt it...

1. An investor whose buying or selling transactions are assumed to have no effect on the market.

2. A firm that can alter its rate of production and sales without significantly affecting the market price of its product.

They raped peoples wallets because there is no other alternative for most Americans to get to work, a fact that is hard to overlook. Some price increases are bound to happen, nobody is arguing that they should never happen, but gas isn't a "choice" for most people and companies. It is kind of like some companies ignoring their pipe line, because the worst that is gonna happen is that the price will just go up when people worry about it, which should more then pay for the repairs...

I would agree with you if they were working with a commodity that wasn't traded on a global market. Since they are, I don't.

I don't blame people for being angry for the money the oil companies are making now. I just wonder where you were in the during the times when they were losing money hand over fist.

alnorth
02-02-2007, 12:41 AM
9% profit. Big flippin' deal. It may be 9% returned from a gigantic pile of capital, but its still only 9% which is not even close to being unreasonable.

I work in one of the most heavily regulated industries in the US, constant oversight and books of rules to be in compliance with (P&C Insurance) In most states we ask the regulators to permit us to make about 15%, and they generally approve it. (Except on the left coast, they only let us make roughly 11%) To be fair, we may have a significant amount of risk exposure to justify the profit since we are only a horrific earthquake or hurricane season away from bleeding red ink every year. The only reason people dont complain as loudly as Exxon is because the capital generating that profit is much smaller, but we (and most other successful companies that take some risk) are more profitable as a percentage than Exxon.

A possible analogy is that I am more impressed with the skill (or blind luck) of a paycheck deduction 401k investor who takes a risk and makes 20% on a $100,000 retirement account than I am from a multi-billionaire who makes 4.5% on bank CD's, even though the amount of profit was much smaller.

SBK
02-02-2007, 05:06 AM
9% profit margin sucks. Exxon should be doing better than that.

Fairplay
02-02-2007, 05:59 AM
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Smed1065
02-02-2007, 06:33 AM
...and if it was $1.50 a gallon they'd leave their cars running overnight, just to keep them warm.

I know there has been a thread on here before so I will just ask the price of gas in KC in this thread? It was $1.99/gal (Blue Springs) when I visited on Thanksgiving.

I live in Atlanta and it was $1.81 yesterday. I know the prices are usually cheaper around KC than here.

morphius
02-02-2007, 08:12 AM
I would agree with you if they were working with a commodity that wasn't traded on a global market. Since they are, I don't.

I don't blame people for being angry for the money the oil companies are making now. I just wonder where you were in the during the times when they were losing money hand over fist.
Again, I don't mind them making money, all businesses need to be able to make money to survive. It is the Dollar AMOUNT that they are bringing in. Commodity or not, they could have made things cheaper for the customer, putting less strain on the economy, and still made a damn nice profit.

Simplex3
02-02-2007, 08:43 AM
Again, I don't mind them making money, all businesses need to be able to make money to survive. It is the Dollar AMOUNT that they are bringing in. Commodity or not, they could have made things cheaper for the customer, putting less strain on the economy, and still made a damn nice profit.
Again, THEY DON'T MAKE S**T. 9% profit SUCKS. If they're only making 9% and their profit is that big just think HOW MUCH THEY HAD TO SPEND TO MAKE IT.

Just because the total dollars is a gigantic number people lose their skulls.

PS, the govt makes WAAAAAAAAY more than this every year and at a WAAAAAAY higher profit margin by STEALING IT FROM YOU.

Another tidbit you'll love, the govt. makes more from your gas purchase than the oil companies.

Have a great day.

morphius
02-02-2007, 08:51 AM
Again, THEY DON'T MAKE S**T. 9% profit SUCKS. If they're only making 9% and their profit is that big just think HOW MUCH THEY HAD TO SPEND TO MAKE IT.

Just because the total dollars is a gigantic number people lose their skulls.

PS, the govt makes WAAAAAAAAY more than this every year and at a WAAAAAAY higher profit margin by STEALING IT FROM YOU.

Another tidbit you'll love, the govt. makes more from your gas purchase than the oil companies.

Have a great day.
Did I say I was happy with the gov't?

Why does the percentage matter, a lot of money is a lot of money...

Simplex3
02-02-2007, 08:53 AM
Did I say I was happy with the gov't?

Why does the percentage matter, a lot of money is a lot of money...
The more you have to spend to make the money the higher your risk.

Check that, I can't believe you actually wrote that down and put it on the Internet. :shake:

Donger
02-02-2007, 09:01 AM
Again, I don't mind them making money, all businesses need to be able to make money to survive. It is the Dollar AMOUNT that they are bringing in. Commodity or not, they could have made things cheaper for the customer, putting less strain on the economy, and still made a damn nice profit.

Again, don't get fixated on the amount of profit. Exxon is one of the largest companies in the US, if not the biggest, with regards to annual revenue. They sell a lot of gasoline. Why? Because there's a huge demand for for. But, their profit margin (which is net income divided by revenue) is still only around 9%

For instance, let's say they were really "fleecing" and "gouging." If their profit margin had suddenly jumped to, say, where Microsoft's PM is (26%), hell yes, you could argue that you were being screwed. But, it hasn't. It's remained basically were it has since they started making profits a few years ago. Don't forget that; for years, the oil companies LOST lots of money.

Simplex3
02-02-2007, 09:04 AM
Again, don't get fixated on the amount of profit. Exxon is one of the largest companies in the US, if not the biggest, with regards to annual revenue. They sell a lot of gasoline. Why? Because there's a huge demand for for. But, their profit margin (which is net income divided by revenue) is still only around 9%

For instance, let's say they were really "fleecing" and "gouging." If their profit margin had suddenly jumped to, say, where Microsoft's PM is (26%), hell yes, you could argue that you were being screwed. But, it hasn't. It's remained basically were it has since they started making profits a few years ago. Don't forget that; for years, the oil companies LOST lots of money.
But, but... We HAVE to have oil. It's not like we have to have technology. Or toothpaste.

morphius
02-02-2007, 09:15 AM
The more you have to spend to make the money the higher your risk.

Check that, I can't believe you actually wrote that down and put it on the Internet. :shake:
I guess I just don't see their risk as that high. Especially when if anything bad happens the price goes up long before the effect of said event actually hurts their business.

You find me one company that wouldn't take that amount of profit and be fairly happy, and I'll believe that 9% is low...

Simplex3
02-02-2007, 09:22 AM
I guess I just don't see their risk as that high. Especially when if anything bad happens the price goes up long before the effect of said event actually hurts their business.

You find me one company that wouldn't take that amount of profit and be fairly happy, and I'll believe that 9% is low...
They lost money, hand over fist, for YEARS leading up to this period. When your margins are that thin you're a gnat's ass hair away from LOSING that much money, too. Ergo "risk".