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Posted: 1/30/2006 2:46:25 PM EDT
[Last Edit: 1/30/2006 2:46:45 PM EDT by XDBACKUPGUN]
Fuckers


10.7 billion in the 4th quarter.




Link Posted: 1/30/2006 2:47:31 PM EDT
Yep, Exxon should give you free gas, just so you don't refer to them as "fuckers".
Link Posted: 1/30/2006 2:48:13 PM EDT
Record DUPE
Link Posted: 1/30/2006 2:48:46 PM EDT
[Last Edit: 1/30/2006 2:49:17 PM EDT by CFII]
Good for them. My uncle works for them, and Im glad his company does well. This is NOT the fucking USSR. Its called capitalism, try it sometime.

Link Posted: 1/30/2006 2:49:41 PM EDT
[Last Edit: 1/30/2006 2:51:09 PM EDT by XDBACKUPGUN]

Originally Posted By Max_Mike:
Record DUPE



Got a link to a previous thread on this?

Are you guys going to enjoy paying 3-5 bucks/gallon for gas?

What about have 300%-400% higher heating bills?

If you enjoy that more power to you.
Link Posted: 1/30/2006 2:50:37 PM EDT
quit buying gas?

it's called capitalism.

go kick your rep in the nutz if he voted against drilling in the artic, drilling in the gulf, drilling off the CA coast, or drilling anywhere for that matter.

Link Posted: 1/30/2006 2:50:58 PM EDT
Link Posted: 1/30/2006 2:51:03 PM EDT
They made exactly as much as the market would bear. Good.

Link Posted: 1/30/2006 2:51:19 PM EDT
good for them... mm lets think about this shall we... your markup is usually a percent of price... price goes up, markup percent stays the same... well looky here more profits...

its called capitolism
Link Posted: 1/30/2006 2:53:02 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By Max_Mike:
Record DUPE



Got a link to a previous thread on this?

IF NOT STFU!



Still a…

DUPE

Find your own link lazy boy. And grow up.
Link Posted: 1/30/2006 2:53:14 PM EDT
That was net income, not profit.
Link Posted: 1/30/2006 2:53:18 PM EDT

Originally Posted By The_Beer_Slayer:

Originally Posted By XDBACKUPGUN:

Originally Posted By Max_Mike:
Record DUPE



Got a link to a previous thread on this?

IF NOT STFU!



www.ar15.com/forums/topic.html?b=1&f=5&t=432357



Lock it up then.
Link Posted: 1/30/2006 2:53:29 PM EDT
jealous crybaby
Link Posted: 1/30/2006 2:53:34 PM EDT
it is capitalism. But it is also as much a monopoly as debeers or microsoft ever were.
Link Posted: 1/30/2006 2:54:58 PM EDT

Originally Posted By sp1shooter:
That was net income, not profit.



Wrong.

It also topped the record for quarterly profits it set in the third quarter, when it earned $9.9 billion.
Link Posted: 1/30/2006 2:56:03 PM EDT

Originally Posted By Red_Beard:
jealous crybaby





Do you really enjoy being raped at the gas pump or by your heating bill?
Link Posted: 1/30/2006 2:57:34 PM EDT

Originally Posted By Red_Beard:
jealous crybaby



+87!
Link Posted: 1/30/2006 2:57:57 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By sp1shooter:
That was net income, not profit.



Wrong.

It also topped the record for quarterly profits it set in the third quarter, when it earned $9.9 billion.



A whole 10.7% profit margin… a 10.7% profit margin is considered a failure in many businesses.

Factored for in inflation gas is STILL cheap.
Link Posted: 1/30/2006 2:58:17 PM EDT
The nation's largest oil company reported net income in the fourth quarter of $10.7 billion, or $1.71 a share, compared to $8.4 billion, or $1.30 a share, a year earlier.

Link Posted: 1/30/2006 2:58:30 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By Red_Beard:
jealous crybaby





Do you really enjoy being raped at the gas pump or by your heating bill?



I enjoy the benefits of our capitalist society. I dig a system that rewards the best and shuns the mediocre.

Of course, I can see why the mediocre celebrate socialism, but I consider those people my mortal enemy.
Link Posted: 1/30/2006 2:59:28 PM EDT

Originally Posted By Max_Mike:

Originally Posted By XDBACKUPGUN:

Originally Posted By sp1shooter:
That was net income, not profit.



Wrong.

It also topped the record for quarterly profits it set in the third quarter, when it earned $9.9 billion.



A whole 10.7% profit margin… a 10.7% profit margin is considered a failure in many businesses.

Factored for in inflation gas is STILL cheap.



Which ones would be considered failures with a 10.7% profit margin?

Link Posted: 1/30/2006 3:00:13 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By Red_Beard:
jealous crybaby





Do you really enjoy being raped at the gas pump or by your heating bill?



It is NOT Exxons fault they are not allowed to explore for oil in most of this country. If you got a beef it ain't with Exxon.

And you are not being raped gas is still CHEAP as hell when adjusted for inflation.
Link Posted: 1/30/2006 3:00:56 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By Red_Beard:
jealous crybaby





Do you really enjoy being raped at the gas pump or by your heating bill?



Are you trying for some troll record? 1000 posts in your first month?
Link Posted: 1/30/2006 3:01:18 PM EDT
[Last Edit: 1/30/2006 3:01:51 PM EDT by XDBACKUPGUN]

Originally Posted By sp1shooter:
The nation's largest oil company reported net income in the fourth quarter of $10.7 billion, or $1.71 a share, compared to $8.4 billion, or $1.30 a share, a year earlier.




NET INCOME=Profit


Business 101
Link Posted: 1/30/2006 3:01:41 PM EDT
Link Posted: 1/30/2006 3:03:34 PM EDT
Whatever.....

I got better shit to worry about.
Link Posted: 1/30/2006 3:03:52 PM EDT
[Last Edit: 1/30/2006 4:46:59 PM EDT by XDBACKUPGUN]

Originally Posted By The_Beer_Slayer:
actually i'd kinda like to know if the profit margin is figured off the price actually paid the crude oil or the price on the speculation market. i am betting those numbers have been monkey'd with a bit to low them.



Good question.


For the year the company earned $36.1 billion, with a profit of 10.7 billion.
How does that equal 10.7% profit Max_Mike?


My math says it is roughly a 29.5% profit.
Link Posted: 1/30/2006 3:04:08 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By sp1shooter:
The nation's largest oil company reported net income in the fourth quarter of $10.7 billion, or $1.71 a share, compared to $8.4 billion, or $1.30 a share, a year earlier.




NET INCOME=Profit


Business 101



OK, I'm stupid.
Link Posted: 1/30/2006 3:06:53 PM EDT

Originally Posted By Max_Mike:

Originally Posted By XDBACKUPGUN:

Originally Posted By sp1shooter:
That was net income, not profit.



Wrong.

It also topped the record for quarterly profits it set in the third quarter, when it earned $9.9 billion.



A whole 10.7% profit margin… a 10.7% profit margin is considered a failure in many businesses.

Factored for in inflation gas is STILL cheap.



I am going to meet my CPA for dinner.

Earlier today he told me how much I made in 05........bottom line profit of 22.4%

Hell yeah, I'm buying.

As I said last time.

With record sales if you are only squeezing 10% profit, you are risking losing in upcoming quarters. I would be raising the price.

Link Posted: 1/30/2006 3:10:19 PM EDT
I just love it. ExxonMobil, Chevron, Shell , etc do not dictate the price of oil. The world market does. The oil companies profit run about 8% which is not a great return as comparred to banking, high teck companies, drug makers......which run over 10% maybe 15%. There are alternates to cutting your use of hydro carbon products but no one wants to do anything that may "burden them". Use you car 10% less, buy a smaller car, ride a bike, live in a smaller house.
Link Posted: 1/30/2006 3:42:22 PM EDT
Where were all these bitchy complainers when the oil industry was losing money every year in the late 90's and gas was 99 cents per gallon?
Link Posted: 1/30/2006 3:45:53 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By Red_Beard:
jealous crybaby





Do you really enjoy being raped at the gas pump or by your heating bill?


You will bend over and you WILL like it.
Link Posted: 1/30/2006 3:46:39 PM EDT
Link Posted: 1/30/2006 4:33:59 PM EDT

Originally Posted By The_Beer_Slayer:

Originally Posted By IowaSam:
Where were all these bitchy complainers when the oil industry was losing money every year in the late 90's and gas was 99 cents per gallon?



i wasn't bitching because gas was .99 a gallon


I can remember paying .80 to .99 a gallon in '96.


Link Posted: 1/30/2006 4:35:42 PM EDT

Originally Posted By bastiat:

Originally Posted By XDBACKUPGUN:

Originally Posted By Red_Beard:
jealous crybaby





Do you really enjoy being raped at the gas pump or by your heating bill?



Are you trying for some troll record? 1000 posts in your first month?



+1
Link Posted: 1/30/2006 4:37:41 PM EDT
Good deal! I work in the oil and gas industry.

My paychecks just keep getting fatter.

I don't mind paying an extra $5 a tank. W00t!!
Link Posted: 1/30/2006 4:39:30 PM EDT
Link Posted: 1/30/2006 4:40:12 PM EDT

Originally Posted By Bubblehead597:

Originally Posted By bastiat:

Originally Posted By XDBACKUPGUN:

Originally Posted By Red_Beard:
jealous crybaby





Do you really enjoy being raped at the gas pump or by your heating bill?



Are you trying for some troll record? 1000 posts in your first month?



+1



Musta flunked out last semester.
Link Posted: 1/30/2006 4:40:58 PM EDT
Meanwhile, the government continues to screw you over in taxes and provide nothing in return...
Link Posted: 1/30/2006 4:41:38 PM EDT
Buy Exxon.
Link Posted: 1/30/2006 4:42:50 PM EDT

Originally Posted By 1Andy2:
Meanwhile, the government continues to screw you over in taxes and provide nothing in return...





Any thing else to add?
Link Posted: 1/30/2006 4:42:50 PM EDT

Originally Posted By sp1shooter:
That was net income, not profit.



Net Income and Profit are essentially the same thing.

Sales and Revenue are essentially the same thing.

Simply put, Net Income is what is left over from Revenue after taxes and expenses.

My XOM stock has doubled in 2 years, good deal!
Link Posted: 1/30/2006 4:43:05 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By Red_Beard:
jealous crybaby





Do you really enjoy being raped at the gas pump or by your heating bill?



Back in 1998, the price for regular was as low as $0.73/gallon because crude was under $11 a barrel. Back then, we were getting RAPED based on the cost of oil when compared to today's cost of crude.
Link Posted: 1/30/2006 4:44:20 PM EDT
Don't blame them (ExxonMobil). They exist to make money from selling people petro products. Bitching about it won't change anything.
Link Posted: 1/30/2006 4:46:22 PM EDT
[Last Edit: 1/30/2006 4:47:19 PM EDT by XDBACKUPGUN]

Originally Posted By Max_Mike:


Musta flunked out last semester.



For the year the company earned income of $36.1 billion with 10.7 billion in profit.
How does that equal 10.7% profit Max_Mike?


My math says it is roughly a 29.5% profit.

Hey Math Wizard are you going to answer my question or just admit you are wrong?
Link Posted: 1/30/2006 4:48:15 PM EDT

Originally Posted By txgp17:
Don't blame them (ExxonMobil). They exist to make money from selling people petro products. Bitching about it won't change anything.



So who is to blame?

The OPEC cartel?
Link Posted: 1/30/2006 4:49:14 PM EDT
[Last Edit: 1/30/2006 4:51:38 PM EDT by sp1shooter]
For the year they earned $371 billion with a profit of $36 billion. That's according to Fox news.

Linky
Link Posted: 1/30/2006 4:49:15 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By 1Andy2:
Meanwhile, the government continues to screw you over in taxes and provide nothing in return...





Any thing else to add?



Yeah.

There is no law against making money.
Link Posted: 1/30/2006 4:49:34 PM EDT
We should institute price controls. For the good of the people, of course!

Link Posted: 1/30/2006 4:49:53 PM EDT

Originally Posted By XDBACKUPGUN:

Originally Posted By Max_Mike:


Musta flunked out last semester.



For the year the company earned income of $36.1 billion with 10.7 billion in profit.
How does that equal 10.7% profit Max_Mike?


My math says it is roughly a 29.5% profit.

Hey Math Wizard are you going to answer my question or just admit you are wrong?



Reading is fundamental, Francis.


NEW YORK (Reuters) - Exxon Mobil Corp. (XOM.N: Quote, Profile, Research), the world's largest publicly traded oil company, on Monday reported a quarterly profit of $10.7 billion, capping a year of record earnings dominated by surging oil and gas prices.

The results pushed up Exxon's profit for the year to a staggering $36.13 billion -- bigger than the economies of 125 of the 184 countries ranked by the World Bank. Profit rose 42 percent from 2004.



Link for the comprehension challenged.
Link Posted: 1/30/2006 4:50:23 PM EDT

Originally Posted By Tomislav:
We should institute price controls. For the good of the people, of course!

www.poster.russie.net/images/china_11.jpg




And the children.
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