Exxon Mobil post $39.5 Billion profit in 2006
flywallyfly
Posts: 1,453
I cannot believe those heartless democrat bastards want to end corporate subsidies and welfare to these suffering oil giants.
Oil giant Exxon Mobil Corp. on Thursday posted the largest annual profit by a U.S. company — $39.5 billion — even as earnings for the last quarter of 2006 declined 4 percent.
The 2006 profit topped Exxon Mobil's own previous record of $36.13 billion set in 2005.
http://news.yahoo.com/s/ap/20070201/ap_on_bi_ge/earns_exxon_mobil
Oil giant Exxon Mobil Corp. on Thursday posted the largest annual profit by a U.S. company — $39.5 billion — even as earnings for the last quarter of 2006 declined 4 percent.
The 2006 profit topped Exxon Mobil's own previous record of $36.13 billion set in 2005.
http://news.yahoo.com/s/ap/20070201/ap_on_bi_ge/earns_exxon_mobil
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Lets compare that to other industries first.
How about neither?
or we can just sit around and bitch and keep buying their gas.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
naw ... the poor have nothing ... exxon has lots ...
Exactly. I'm no oil company fan, but why is it that this is about the only industry who gets criticized for profits. If they make huge profits it is because we are on their sauce. We make the profits for them. If they raise the price of gas and we keep buying it, why the hell would they lower it just because the production price gets cheaper? It's business 101.
I missed the part where "cheap gas" is listed in the constitution (because a lot of people act like it is there).
Better yet, we can use less gasoline. Anyone complaining about the cost of gasoline should think about their own lifestyle (and "conveniece"):
-Do you drive on trips that could be walked or biked in minutes?
-Do you drive a gas guzzler?
-Do you "chain" your trips (as oppsed to going home several times a day between errands)?
-Have you ever examined the idea of carpooling (think about cutting the work related wear/tear on your car in half)?
-How far do you live from work?
-Do you live in a place that has any sidewalks or access to destinations not by car?
Don't like big oil company profits? Stop making it so easy on them.
Absolutely...
We should use less gasoline and energy in general. Realistically we won't be weened off of oil for a long time, so just not supporting the huge conglomerate companies at all will do more to send the quickest message then say cutting your consumption by 10% or whatever.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
You have lots too. I propose we give it all to Somali children.
This is an excellent post.
I'm pretty impressed that made much. Congrats to them.
And, no i don't own any oil stock or anything but i'm always impressed by good business.
HAHAHAH what a loser
I second that. We should vote on it. Wouldn't it be great to have a democracy that would allow us to vote on how to spend other peoples' money and then feel good about performing a charitable act?
Yep - that's what I always say. Don't be surprised when there is no response to that one.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
"What I lack in decorum, I make up for with an absence of tact."
Camden 5-28-06
Washington, D.C. 6-22-08
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
you're right ... i do have lots ... i give lots too ... no one is saying anything about giving everything ... just something ...
How much does Exxon give? Do you know?
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
According to their Worldwide Giving Report on their website (http://www.exxonmobil.com/Corporate/Citizenship/gcr_contributionsworldwide_report.asp) in 2005 they gave $132.8 million, while making a profit of $36.13 billion. By my math that is 0.3% of their profit donated to charity.
To put that into perspective, if you make $50,000 a year (gross) and you donate 0.3% of that, you will be donating $150.00.... keep in mind after taxes and expenses your profit will be nowhere near $50,000.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
I'm saying something about giving everything. How dare you keep any for yourself....you're just as selfish as these Exxon crooks. The very computer you're typing on could be sold and the money used to feed 100 Somali children. You don't need it.
Well said.
slightly facetious? ... no matter - i still prefer to think of the "we" vs. the "me" ...
i'd love an audit of that giving ... and i wonder how much is it given to further alleviate taxes ...
All corporate taxes are passed on to the consumer anyway.
and keep in mind they never even really clean up the messes they make, like the valdeez spill
he had a voice that was strong and loud and
i swallowed his facade cos i'm so
eager to identify with
someone above the crowd
someone who seemed to feel the same
someone prepared to lead the way
Of course you do. "Me" is probably worth $500, whereas your "we" is worth $393,000,000,500.
Look, my post was meant to prove one fundamental thing: if you have the right to redistribute someone else's wealth based on your own standards, well then so do I. So you might want to hide your shirts before I decide to give them away for you.
simplifying it to this basic principle makes absolutely no sense ...
we live in a societal system where we pay taxes for a form of governence ... it's obvious you don't like it - and we are all entitled to that opinion ... but to simplify social spending and corporate welfare as you have serves no purpose ...
u don't wanna pay for other people's education, health care, etc - that's fine ... i believe in it wholeheartedly ... i don't believe in giving already wealthy industries direct access to gov't policy nor specific tax breaks so they can make massive massive profits ...
Don't worry. Some of us get it, Polaris.
Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth.
-Oscar Wilde
Hehe...why not??? Is the principle not exactly what you're founding your stance on? Namely, that men have a fundamental right to the products of the labor of others?
I haven't simplified it at all. The system has. It has declared itself the arbiter on ownership, thereby pitting men against each other to protect their wealth from each others' whims. I'm simply calling a spade a spade. Can you tell me how what you're proposing is different?
Cool. Since I don't believe in it, I can choose not to then? Or are you going to force me to? And, following that logic, would you support a system wherein I could force you not to?
Me neither. Nowhere am I defending Exxon's tax breaks. I'm simply defending their right, my right, and your right, to own the products of their labor.
Wait, that's not how that song goes.
Anyway, your money isn't really yours to begin with. Its a note on the value of the currency of this country, of which you get to share right along with the rest of us. You keep the lion's share, of which you are allowed to spend on just about anything you want. The rest is used for overhead.