Exxon Mobil profits

PJ_Lukin
PJ_Lukin Posts: 2,055
edited August 2008 in A Moving Train
Bleed the working man dry while the rich get richer!

HOUSTON - Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. corporation.


Just fucking lovely, yeah for capitalism !!!
~!~ Peace ~!~ Love ~!~ Pearl Jam ~!~
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  • ajedigecko
    ajedigecko \m/deplorable af \m/ Posts: 2,431
    PJ_Lukin wrote:
    Bleed the working man dry while the rich get richer!

    HOUSTON - Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. corporation.


    Just fucking lovely, yeah for capitalism !!!
    i had the thought months ago...

    capitailism = cannabilism(on a social scale)

    interesting to think that our great capitailist way of life, ends with our society devouring ourself.
    live and let live...unless it violates the pearligious doctrine.
  • SpreadtheJAM
    SpreadtheJAM Posts: 344
    Every quarter they release their numbers these threads appear. This should be no surprise by now.
    BORGATA>VIC
  • Kel Varnsen
    Kel Varnsen Posts: 1,952
    If only there was some way I could get them to share a portion of those profits with me, like if they divided those profits between a bunch of people somehow. Hmmmm???
  • Pacomc79
    Pacomc79 Posts: 9,404
    how much did thier margin change upward or is this just a raw number?

    Other than to entice investments I don't see the purpose of releasing this data, without the relationship to what it costs them to operate the entire company that's pretty much a worthless number... unless I'm working for Exxon and looking for a raise anyway... or I'm a stockholder hoping for a good dividend. Still depends how much is reinvested.
    My Girlfriend said to me..."How many guitars do you need?" and I replied...."How many pairs of shoes do you need?" She got really quiet.
  • SpreadtheJAM
    SpreadtheJAM Posts: 344
    Kel Varnsen wrote:
    If only there was some way I could get them to share a portion of those profits with me, like if they divided those profits between a bunch of people somehow. Hmmmm???

    Yeah what a novel idea. Not like you can buy stock in a company or something like that. ....Oh wait???
    BORGATA>VIC
  • SpreadtheJAM
    SpreadtheJAM Posts: 344
    Pacomc79 wrote:
    how much did thier margin change upward or is this just a raw number?

    Other than to entice investments I don't see the purpose of releasing this data, without the relationship to what it costs them to operate the entire company that's pretty much a worthless number... unless I'm working for Exxon and looking for a raise anyway... or I'm a stockholder hoping for a good dividend. Still depends how much is reinvested.

    Exactly. You look at their profit margin and ROE and ROI and the pharmaceuticals and tech companys make a larger percentage.
    BORGATA>VIC
  • SpreadtheJAM
    SpreadtheJAM Posts: 344
    As per CNBC right now:
    PROFIT MARGINS
    XOM 8.4%
    Merck 29%
    Goog 27%
    MSFT 23%
    these companies earn three times more on every dollar in sales than ExxonMobil
    BORGATA>VIC
  • Kel Varnsen
    Kel Varnsen Posts: 1,952
    SpreadtheJAM wrote:
    Yeah what a novel idea. Not like you can buy stock in a company or something like that. ....Oh wait???


    Didn't you know Exxon is owned 100% by Bob Exxon. When the company makes profit all of the profit goes right to him and he keeps the cash in a giant Scrooge McDuck style Money Bin.
  • SpreadtheJAM
    SpreadtheJAM Posts: 344
    Kel Varnsen wrote:
    Didn't you know Exxon is owned 100% by Bob Exxon. When the company makes profit all of the profit goes right to him and he keeps the cash in a giant Scrooge McDuck style Money Bin.

    Damn Bob Exxon. I wish i was Bob Exxon JR. then the family company would be all mine. Bwahhhahaha.
    BORGATA>VIC
  • know1
    know1 Posts: 6,801
    PJ_Lukin wrote:
    Bleed the working man dry while the rich get richer!

    HOUSTON - Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest profit from operations ever by any U.S. corporation.


    Just fucking lovely, yeah for capitalism !!!

    My company recorded record profits for the last 12 months too. Do you hate us now?
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • SpreadtheJAM
    SpreadtheJAM Posts: 344
    know1 wrote:
    My company recorded record profits for the last 12 months too. Do you hate us now?

    Yes pearl jam fans hate anybody that makes money. Their form of currency is bootleg cds and t-shirts.
    BORGATA>VIC
  • chromiam
    chromiam Posts: 4,114
    Kel Varnsen wrote:
    If only there was some way I could get them to share a portion of those profits with me, like if they divided those profits between a bunch of people somehow. Hmmmm???

    You're on to something there... or if I could take some of my 401k investments and allocate them to some stocks which include oil or other energy sources... damn government would never let me do something like that...
    This is your notice that there is a problem with your signature. Please remove it.

    Admin

    Social awareness does not equal political activism!

    5/23/2011- An utter embarrassment... ticketing failures too many to list.
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    know1 wrote:
    My company recorded record profits for the last 12 months too. Do you hate us now?

    Hey, that's great!!!!


    so did my company ...jackass


    but that's not the point, the point is.... gas keeps going the fuck up... if it's truly going up because of supply and demand (which is a big Fucking lie) then the oil companies would only be reporting average profits not record profits...

    in order to be reporting record profits then they are fucking taking advantage of a situation where they have you and me by the balls and you are being a dumbass....
    the Minions
  • Kel Varnsen
    Kel Varnsen Posts: 1,952
    Strangest Tribe wrote:
    Hey, that's great!!!!


    so did my company ...jackass


    but that's not the point, the point is.... gas keeps going the fuck up... if it's truly going up because of supply and demand (which is a big Fucking lie) then the oil companies would only be reporting average profits not record profits...

    in order to be reporting record profits then they are fucking taking advantage of a situation where they have you and me by the balls and you are being a dumbass....

    I am not sure they have people by the balls as much as you might thing. I mean I keep hearing that with these higher gas prices, transit ridership has increased drastically. For the same reason I keep hearing stories that people are taking less vacations or not driving as far when going on vacations. People are making these choices, and if they keep doing it revenue is going to start to decrease.

    I am not sure why you don't think it has anything to do with supply and demand. There are millions of new drivers in China every year. These are millions of people who are brand new customers for gas companies that never owned a car before. What industry wouldn't raise their prices if they had millions of brand new customers every year. Metals prices have increased for the exact same reason.
  • chromiam
    chromiam Posts: 4,114
    Strangest Tribe wrote:
    Hey, that's great!!!!


    so did my company ...jackass


    but that's not the point, the point is.... gas keeps going the fuck up... if it's truly going up because of supply and demand (which is a big Fucking lie) then the oil companies would only be reporting average profits not record profits...

    in order to be reporting record profits then they are fucking taking advantage of a situation where they have you and me by the balls and you are being a dumbass....

    why only average profits??? Am I missing somewhere where it states that larger demand and smaller supply equal only average profits???
    This is your notice that there is a problem with your signature. Please remove it.

    Admin

    Social awareness does not equal political activism!

    5/23/2011- An utter embarrassment... ticketing failures too many to list.
  • SpreadtheJAM
    SpreadtheJAM Posts: 344
    Strangest Tribe wrote:
    Hey, that's great!!!!


    so did my company ...jackass


    but that's not the point, the point is.... gas keeps going the fuck up... if it's truly going up because of supply and demand (which is a big Fucking lie) then the oil companies would only be reporting average profits not record profits...

    in order to be reporting record profits then they are fucking taking advantage of a situation where they have you and me by the balls and you are being a dumbass....
    Yes it is supply and demand. and no need to be so hostile.
    Thats market price for gas Exxon Mobil doesnt set it.
    BORGATA>VIC
  • know1
    know1 Posts: 6,801
    Strangest Tribe wrote:
    Hey, that's great!!!!


    so did my company ...jackass


    but that's not the point, the point is.... gas keeps going the fuck up... if it's truly going up because of supply and demand (which is a big Fucking lie) then the oil companies would only be reporting average profits not record profits...

    in order to be reporting record profits then they are fucking taking advantage of a situation where they have you and me by the balls and you are being a dumbass....

    Name calling adds a bunch to your credibility.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    chromiam wrote:
    why only average profits??? Am I missing somewhere where it states that larger demand and smaller supply equal only average profits???

    If the demand exceeds the supply then that causes prices to jump....right?

    but... Increased demand would mean that the oil people would have to try meet the demand with proportional spending right?

    Simple economics... The oil people would have to do more work to keep up. Thus, they should be spending a relatively proportional amount toward the supply side. This logic would indicate that the oil people would be reporting average to above average profits. Not record profits and not exponentially higher every year.

    Record profits indicate to me that the shortage of oil is merely a myth and the investors (speculators) have hyped a bonafide scare globally.

    This is apparent if you would study the costs of oil production verses the price of gas in the global markets.

    And China? Only 1 in 1500 people have vehicles. Ten years ago only 1 in 1600 had vehicles. Not that drastic of increase when you consider the average American family has almost 2 vehicles. Most of the increase in China comes from manufacturing which has tripled in the last 20 years thanks to our need for cheap labor and our outsourced industry.

    No, it's not as simple as just Supply and Demand, that's what they want you to believe.
    the Minions
  • Pacomc79
    Pacomc79 Posts: 9,404
    it's pretty complicated really. Much moreso than just putting it on a single company or just supply and demand.

    Much of it depends on where the supply comes from, how easy it is to get, the quality, the shipping. the refining. The taxes. Etc.

    Even at $4.00 a gallon (we're at $3.85 currently down 30 cents recently) we are around 3 or $4 cheaper than the rest of the world that dosen't include subsidised gasoline.

    Essentially, the US economy is built on cheap energy, this problem has been ignored for 30 years and now we're up against it.

    We haven't even tried to be efficient to date and I imagine this is far better than the actual oil crisis in the late 70's. We'll have to see if the effeciency ideal coming out of this sticks this time.
    My Girlfriend said to me..."How many guitars do you need?" and I replied...."How many pairs of shoes do you need?" She got really quiet.
  • Strangest Tribe
    Strangest Tribe Posts: 2,502
    know1 wrote:
    Name calling adds a bunch to your credibility.

    Sorry....didn't mean it personal. Just responding to the post you made.

    perhaps you didn't understand the thread and the OP's vibe...

    I've dealt with oil people for almost 20 years. There's not another commodity or manufactured item in the capitalist world that can be compared with such abhorrence.

    I compare the price gouging during national disasters to the current oil debacle except there's not enough anger. Everyone just accepts it and goes on.
    the Minions

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