News Donger on Suicide Watch: Oil Nears $100 a Barrel - Page 6

**Donger** · 09-08-2008, 10:55 AM

Quote:

Originally Posted by jjchieffan

Looks to me like they have pretty significant profits Donger.

1. Exxon Mobil
Exxon Mobil
• See more Fortune 500 data for Exxon Mobil
Fortune 500 rank: 2
2007 profit: $40.61 billion

Fortune 500 rank #2. DO you see that? #2. $40.6 Billion in one year because they are greedily gouging the American people.

I didn't say that there profits aren't large. I said that their profit margins are in line with other industries.

And they are.

**jjchieffan** · 09-08-2008, 11:01 AM

So you think semantics makes it okay? I don't care what their profit margin is. $40.6 billion is excessive.

**Donger** · 09-08-2008, 11:02 AM

Quote:

Originally Posted by jjchieffan

I don't care what their profit margin is.

Wow.

**Bugeater** · 09-08-2008, 11:06 AM

Quote:

Originally Posted by Donger

Wow.

Well, they certainly don't care that fuel costs are affecting other companies profit margins...so what's the problem with him saying that?

**Donger** · 09-08-2008, 11:09 AM

Quote:

Originally Posted by GoBo

Well, they certainly don't care that fuel costs are affecting other companies profit margins...so what's the problem with him saying that?

Because he's getting hung up on the dollar figure and doesn't care about the profit margin percentage.

**jjchieffan** · 09-08-2008, 11:09 AM

Quote:

Originally Posted by Donger

Wow.

You are just going to pick part of what I said and respond wow? Man you are articulate Donger. Next thing you know you are going to pull a Jesse Jackson and start making words up to win your arguement.

You know what I meant by that. I know profit margin is important, but a company that has broken the record for profits by a US company 3 years in a row while their product is causing financial strain and excessive inflation in the US is bullshit! The greedy F***ers are robbing the American public.

**Donger** · 09-08-2008, 11:13 AM

Quote:

Originally Posted by jjchieffan

You are just going to pick part of what I said and respond wow? Man you are articulate Donger. Next thing you know you are going to pull a Jesse Jackson and start making words up to win your arguement.

You know what I meant by that. I know profit margin is important, but a company that has broken the record for profits by a US company 3 years in a row while their product is causing financial strain and excessive inflation in the US is bullshit! The greedy F***ers are robbing the American public.

What would you like them to do? Lower their profit margin?

**jjchieffan** · 09-08-2008, 11:01 AM

It is the highest-ever annual profit from a U.S. company, a record Exxon also set in 2006 and 2005.

**jjchieffan** · 09-08-2008, 11:05 AM

Look at these numbers

$ millions % change from 2006
Revenues 372,824.0 7.4
Profits 40,610.0 2.8
Assets 242,082.0 —
Stockholders' equity 121,762.0 —
Market value (3/28/2008) 455,929.3 —
Profits as % of
Revenues 10.9
Assets 16.8
Stockholders' equity 33.4
Earnings per share
2007 $ 7.28
% change from 2006 10.0
1997-2007 annual growth rate % 15.8
Total return to investors %
2007 24.3
1997-2007 annual rate 14.3
Industry: Petroleum Refining
Rank Company 500
rank Revenues
($ millions)
1 Exxon Mobil 2 372,824.0
2 Chevron 3 210,783.0
3 ConocoPhillips 5 178,558.

**jjchieffan** · 09-08-2008, 11:19 AM

What was their profit Margin when oil was $40 a barrel? I think they were still getting filthy rich. So yes, I think a lower profit margin is needed. God forbid that next year they make $30 billion instead of $40 billion. Why that might just bankrupt them.

**Donger** · 09-08-2008, 11:21 AM

Quote:

Originally Posted by jjchieffan

What was their profit Margin when oil was $40 a barrel? I think they were still getting filthy rich. So yes, I think a lower profit margin is needed. God forbid that next year they make $30 billion instead of $40 billion. Why that might just bankrupt them.

About 9%, IIRC.

So, it doesn't bug you that banks have profit margins of around 20%? Google has 25%?

**jjchieffan** · 09-08-2008, 11:26 AM

I dont see googles profit margins having the negative effect on the economy that the record profits by oil companies is, so no, I don't have a problem with that. Bakns, you have not provided info to back that up, so I will not address it.

And I dont see how the profit margin has remained virtually the same when the price of oil has tripled, yet their cost has not. Sounds like someone is playing with the numbers

**Bugeater** · 09-08-2008, 11:30 AM

Quote:

Originally Posted by jjchieffan

And I dont see how the profit margin has remained virtually the same when the price of oil has tripled, yet their cost has not. Sounds like someone is playing with the numbers

Uh, sorry but you're contradicting yourself there. If the price of oil goes up their costs go right up with it.

**Donger** · 09-08-2008, 11:36 AM

Quote:

Originally Posted by jjchieffan

I dont see googles profit margins having the negative effect on the economy that the record profits by oil companies is, so no, I don't have a problem with that. Bakns, you have not provided info to back that up, so I will not address it.

And I dont see how the profit margin has remained virtually the same when the price of oil has tripled, yet their cost has not. Sounds like someone is playing with the numbers

You are aware that the oil companies do not control the price of crude, yes?

Anyway, here's a chart that you'll enjoy:

**jjchieffan** · 09-08-2008, 11:33 AM

Why is their cost going up? They are the ones pumping it out of the ground. Their cost to get it out of the ground has not gone up. The price that they sell the oil for has tripled.

09-08-2008, 11:01 AM	#2
jjchieffan Supporter Join Date: Dec 2005 Location: Highlandville, MO Casino cash: $-147752	So you think semantics makes it okay? I don't care what their profit margin is. $40.6 billion is excessive. __________________ Genesis 1:1 In the beginning, God created the Heavens and the Earth. Following the historical accounts and the genealogy from that point on, the age of the Earth is approximately 6000-7000 years old. The Big Bullshit Theory is a lie. It and the evolution theory go against real science. Satan has used our public school system to brainwash everyone into believing these lies. Be not decieved.
Posts: 13,353

09-08-2008, 11:01 AM	#8
jjchieffan Supporter Join Date: Dec 2005 Location: Highlandville, MO Casino cash: $-147752	It is the highest-ever annual profit from a U.S. company, a record Exxon also set in 2006 and 2005. __________________ Genesis 1:1 In the beginning, God created the Heavens and the Earth. Following the historical accounts and the genealogy from that point on, the age of the Earth is approximately 6000-7000 years old. The Big Bullshit Theory is a lie. It and the evolution theory go against real science. Satan has used our public school system to brainwash everyone into believing these lies. Be not decieved.
Posts: 13,353

09-08-2008, 11:05 AM	#9
jjchieffan Supporter Join Date: Dec 2005 Location: Highlandville, MO Casino cash: $-147752	Look at these numbers $ millions % change from 2006 Revenues 372,824.0 7.4 Profits 40,610.0 2.8 Assets 242,082.0 — Stockholders' equity 121,762.0 — Market value (3/28/2008) 455,929.3 — Profits as % of Revenues 10.9 Assets 16.8 Stockholders' equity 33.4 Earnings per share 2007 $ 7.28 % change from 2006 10.0 1997-2007 annual growth rate % 15.8 Total return to investors % 2007 24.3 1997-2007 annual rate 14.3 Industry: Petroleum Refining Rank Company 500 rank Revenues ($ millions) 1 Exxon Mobil 2 372,824.0 2 Chevron 3 210,783.0 3 ConocoPhillips 5 178,558. __________________ Genesis 1:1 In the beginning, God created the Heavens and the Earth. Following the historical accounts and the genealogy from that point on, the age of the Earth is approximately 6000-7000 years old. The Big Bullshit Theory is a lie. It and the evolution theory go against real science. Satan has used our public school system to brainwash everyone into believing these lies. Be not decieved.
Posts: 13,353

09-08-2008, 11:19 AM	#10
jjchieffan Supporter Join Date: Dec 2005 Location: Highlandville, MO Casino cash: $-147752	What was their profit Margin when oil was $40 a barrel? I think they were still getting filthy rich. So yes, I think a lower profit margin is needed. God forbid that next year they make $30 billion instead of $40 billion. Why that might just bankrupt them. __________________ Genesis 1:1 In the beginning, God created the Heavens and the Earth. Following the historical accounts and the genealogy from that point on, the age of the Earth is approximately 6000-7000 years old. The Big Bullshit Theory is a lie. It and the evolution theory go against real science. Satan has used our public school system to brainwash everyone into believing these lies. Be not decieved.
Posts: 13,353

09-08-2008, 11:26 AM	#12
jjchieffan Supporter Join Date: Dec 2005 Location: Highlandville, MO Casino cash: $-147752	I dont see googles profit margins having the negative effect on the economy that the record profits by oil companies is, so no, I don't have a problem with that. Bakns, you have not provided info to back that up, so I will not address it. And I dont see how the profit margin has remained virtually the same when the price of oil has tripled, yet their cost has not. Sounds like someone is playing with the numbers __________________ Genesis 1:1 In the beginning, God created the Heavens and the Earth. Following the historical accounts and the genealogy from that point on, the age of the Earth is approximately 6000-7000 years old. The Big Bullshit Theory is a lie. It and the evolution theory go against real science. Satan has used our public school system to brainwash everyone into believing these lies. Be not decieved.
Posts: 13,353

09-08-2008, 11:33 AM	#15
jjchieffan Supporter Join Date: Dec 2005 Location: Highlandville, MO Casino cash: $-147752	Why is their cost going up? They are the ones pumping it out of the ground. Their cost to get it out of the ground has not gone up. The price that they sell the oil for has tripled. __________________ Genesis 1:1 In the beginning, God created the Heavens and the Earth. Following the historical accounts and the genealogy from that point on, the age of the Earth is approximately 6000-7000 years old. The Big Bullshit Theory is a lie. It and the evolution theory go against real science. Satan has used our public school system to brainwash everyone into believing these lies. Be not decieved.
Posts: 13,353