Exxon Mobil post $39.5 Billion profit in 2006

flywallyfly
flywallyfly Posts: 1,453
edited February 2007 in A Moving Train
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
Post edited by Unknown User on
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Comments

  • polaris
    polaris Posts: 3,527
    hey ... lets not give money to the poor ... lets give it to these guys instead!! ...
  • Pacomc79
    Pacomc79 Posts: 9,404
    What was thier profit margin?

    Lets compare that to other industries first.
    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.
  • farfromglorified
    farfromglorified Posts: 5,700
    polaris wrote:
    hey ... lets not give money to the poor ... lets give it to these guys instead!! ...

    How about neither?
  • blackredyellow
    blackredyellow Posts: 5,889
    How about everyone that is irate about this, not buy gas from exxon/mobile? Granted some other oil company will just make more money, but when their earnings are announced, we can avoid them too... eventually the big oil companies will cut their prices...

    or we can just sit around and bitch and keep buying their gas.
    My whole life
    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
  • polaris
    polaris Posts: 3,527
    farfromglorified wrote:
    How about neither?

    naw ... the poor have nothing ... exxon has lots ...
  • Uncle Leo
    Uncle Leo Posts: 1,059
    blackredyellow wrote:
    or we can just sit around and bitch and keep buying their gas.

    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).
    blackredyellow wrote:
    How about everyone that is irate about this, not buy gas from exxon/mobile? Granted some other oil company will just make more money, but when their earnings are announced, we can avoid them too... eventually the big oil companies will cut their prices...

    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.
    I cannot come up with a new sig till I get this egg off my face.
  • blackredyellow
    blackredyellow Posts: 5,889
    Uncle Leo wrote:
    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.
    My whole life
    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
  • farfromglorified
    farfromglorified Posts: 5,700
    polaris wrote:
    naw ... the poor have nothing ... exxon has lots ...

    You have lots too. I propose we give it all to Somali children.
  • farfromglorified
    farfromglorified Posts: 5,700
    Uncle Leo wrote:
    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.

    This is an excellent post.
  • Keller
    Keller Posts: 177
    Yeah. One problem with alot of people in this country is that they are always looking down upon people making money. I don't understand, i always viewed making money as a good thing.

    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.
    "Be what you want to be, see what you came to see"
  • macgyver06
    macgyver06 Posts: 2,500
    Keller wrote:
    Yeah. One problem with alot of people in this country is that they are always looking down upon people making money. I don't understand, i always viewed making money as a good thing.

    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
  • jeffbr
    jeffbr Seattle Posts: 7,177
    farfromglorified wrote:
    You have lots too. I propose we give it all to Somali children.

    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?
    "I'll use the magic word - let's just shut the fuck up, please." EV, 04/13/08
  • know1
    know1 Posts: 6,801
    farfromglorified wrote:
    You have lots too. I propose we give it all to Somali children.

    Yep - that's what I always say. Don't be surprised when there is no response to that one.
    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.
  • ThumbingMyWay32
    ThumbingMyWay32 Posts: 1,224
    I really need to get more involved with the in the oil industry. Especially since there isn't much left.
    "Sarcasm: intellect on the offensive"

    "What I lack in decorum, I make up for with an absence of tact."

    Camden 5-28-06
    Washington, D.C. 6-22-08
  • know1
    know1 Posts: 6,801
    If we want to do anything beneficial for the poor, we should give them Exxon stock...
    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.
  • polaris
    polaris Posts: 3,527
    farfromglorified wrote:
    You have lots too. I propose we give it all to Somali children.

    you're right ... i do have lots ... i give lots too ... no one is saying anything about giving everything ... just something ...
  • know1
    know1 Posts: 6,801
    polaris wrote:
    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?
    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.
  • blackredyellow
    blackredyellow Posts: 5,889
    know1 wrote:
    How much does Exxon give? Do you know?

    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.
    My whole life
    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
  • farfromglorified
    farfromglorified Posts: 5,700
    polaris wrote:
    you're right ... i do have lots ... i give lots too ... no one is saying anything about giving everything ... just something ...

    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.
  • farfromglorified
    farfromglorified Posts: 5,700
    jeffbr wrote:
    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?

    Well said.

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