Exxon/Mobil made $75,000 profit PER MINUTE last year - Page 5

**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)

And what was the very next story on CNN? More troops going to Iraq!

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

**Smed1065** · 02-02-2007, 06:33 AM

Quote:

Originally Posted by Simplex3

...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

Quote:

Originally Posted by Donger

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

Quote:

Originally Posted by morphius

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

Quote:

Originally Posted by Simplex3

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

Quote:

Originally Posted by morphius

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.

**Donger** · 02-02-2007, 09:01 AM

Quote:

Originally Posted by morphius

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

Quote:

Originally Posted by Donger

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

Quote:

Originally Posted by Simplex3

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.

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

Quote:

Originally Posted by morphius

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".

02-01-2007, 05:06 PM
TinyEvel Just a li'l Evel Join Date: Sep 2005 Location: Bald. Goatee. Jorts. Casino cash: $2359601	Exxon/Mobil made $75,000 profit PER MINUTE last year 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) And what was the very next story on CNN? More troops going to Iraq!
Posts: 12,314

02-02-2007, 05:06 AM	#61
SBK Curry is the pick??? Join Date: Mar 2004 Location: Georgia Casino cash: $10004900	9% profit margin sucks. Exxon should be doing better than that.
Posts: 8,153

02-02-2007, 05:59 AM	#62
Fairplay A certain set of skills Join Date: Dec 2003 Location: texas Casino cash: $10026683 VARSITY
Posts: 25,265