Exxon Profits

I guess that would make some stock holders happy. Be interesting to see where the stock will be in a year. Just keeps going down this past month.
 
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So what? There performance is pretty average, maybe even below average.

Revenues = 138,072 billion
COS = 115,866
Income before Taxes = 22,206

giving a margin of 19%

Taxes were a whopping 10,526 billion. That is 47% of there income. They need better tax planning.

Their net income of 11,680 billion gives them a margin after taxes of 10%. What's so special about that?

They have equity of 124,826 billion, so their after tax return on that equity is 9.4%. That is okay but nothng spectacular, especially when you factor in the long term risks associated with a company that the government doesn't like.

I fail to see a "WOW!" factor in their numbers, unless you only look at the raw number that seems to make the headlines.
 
The way to get back at the huge profits the oil companies get these days is buy oil company stock. If we raise the oil companies' taxes, they'll just pass that on and gas will be even more expensive.
 
They still pay a penalty for the Exxon Valdez incident I read about it somewhere it's a lot of money.:smt089 Too bad they had a drunk Capt doing slalom runs with icebergs. (Good Will Hunting anybody?):smt115
 
I wonder how much of Exxon's record profits is due to the conversion of foreign earnings into US dollars. After all government has allowed the US to sink to a very low level a good way to export unemployment and to have international companies report record earnings due to translation. Exxon's earnings while big in terms of numbers are not impressive.

Mr Salt
2001 540 CPMY
Caterpillar C-12's
 
wastinaweigh said:
Taxes were a whopping 10,526 billion.
Click to expand...

Holy crap! So why does the IRS need my measley couple of bucks? It's a rounding error on Exxon's bill.

Best regards,
Frank
 
wastinaweigh said:
So what? There performance is pretty average, maybe even below average.

Revenues = 138,072 billion
COS = 115,866
Income before Taxes = 22,206

giving a margin of 19%

Taxes were a whopping 10,526 billion. That is 47% of there income. They need better tax planning.

Their net income of 11,680 billion gives them a margin after taxes of 10%. What's so special about that?

They have equity of 124,826 billion, so their after tax return on that equity is 9.4%. That is okay but nothng spectacular, especially when you factor in the long term risks associated with a company that the government doesn't like.

I fail to see a "WOW!" factor in their numbers, unless you only look at the raw number that seems to make the headlines.
Click to expand...
I agree to the nth degree. I am surprised on a site with so many capitalists here, and the entrepreneurship that exists as it seems many of us are business owners, that the 10% profit isnt a seemingly LOW number.

I know at 10% profit here, Id be starting to look at where I was bleeding.
 
Ya'll must own gas stocks, I look at the raw numbers baby, all that money is coming from somewhere and I think it comes "out" of the pockets of the people. Alot of whom can least afford it. How far do we kill the middle class? You know when the middle class runs out of money, you'll be fighting amongst each other for the crumbs. Then we become like Russia! Ha, I don't know what the heck I'm talking about. I beat you to it!
 
Cant agree with you there Hopper. Oil companies make 8-10% return on their investment in profit. That is super low. Let's look at some other industries. How about the movie industry. What was the new batman, $150M revenue in the first weekend. I think they may end up with a windfall profit, must be coming out of our pockets. Why is it so bad for a company to make a measly 8% profit? What gives anyone the right to take it away? Besides that most of our 401 retirement plans own oil stocks, so we are benefitting from the profit. Like the previous post said, they pay more than their share in taxes. And the government squanders most of it. If the govt tries to take more from the oil companies, we will just pay it at the pump. So who is really squeezing the middle class?
 
And let me tell you the stock holders aren't getting crap back from it. Dividends suck and the stock has lost $10 a share since the first of the year!!!! BP isn't doing any better either! Not sure what the better investment is, these companies or MicroSoft!!!!!!!

I think we're just screwed:(

How do ya'll put those cute little smiley faces in here?
 
islandhopper00 said:
Ya'll must own gas stocks, I look at the raw numbers baby, all that money is coming from somewhere and I think it comes "out" of the pockets of the people. Alot of whom can least afford it. How far do we kill the middle class? You know when the middle class runs out of money, you'll be fighting amongst each other for the crumbs. Then we become like Russia! Ha, I don't know what the heck I'm talking about. I beat you to it!
Click to expand...

:lol: That was a great rambling post that ended perfectly!
 
If I owned a company that grossed say $100,000.00 a year and 10% was profit, I can see your point. But when a company grosses 12 billion a year and takes 10% profit of 1.2billion, I could handle that. "Takes money to make money". "Nature of the beast" Ect, Ect. I would have to say, (conspiracy theory coming) I'd bet the books are cooked pretty well to grease whom they need to and allow whom needs to skim their margin off as they need it. IE, do you really think in the Nuclear industry a hammer costs $500.00 OR maybe, is that what it costs to get some engineer to certify that it is in fact a hammer. Bottom line is we all chose in america what line of bussiness to be in. They know their margins. Someone is getting a kick back, and someone is taking a hell of a retirement package. Like I said, I don't know what the heck I'm talking about, I only deal with that kind of mentality every day in the Nuclear bussiness. Can you guess how much it costs to generate electricity by way of Nuclear fission? I'll bet it would stagger most people. You don't hear that industry crying. "WE" know what profit margin we can accept. Specially when "we" are government subsidized. Meaning "we" decide what profit "we" want then the government ensures "we" make it by covering operating costs. I'm just saying I don't feel bad for them at all. They are in the black.
Now thoes airlines, red, red, red!
 
Instead of trying to whine and get the government to limit what companies can make, go build your own company and make all the money you want... no one is stopping you.
 
Part of the problem is that some of the general population (as 'Hopper said) believe that there is a fixed amount of money to go around, and that if someone does well for themselves, someone else must be doing poorly to compensate. The idea that everyone can be successfull at the same time escapes them.

Its actually the same kinda thing that is going on in the oil market. Some boob comes up with a theory called "peak oil" and has the world believing that we have already past the point in time where we can get the maximum amount of oil production out of the Earth. People that believe it think that there simply isn't any more oil to be found, that we can't drill for it without wiping out every tree frog on the planet, and that the Earth has mysteriously stopped producing oil. Its all doom and gloom from here on. So, the market drives up the price of oil...

It takes a real moron to believe that the Earth will not produce any more oil. Crud, for all we know, the Earth might be producing oil faster than we can pump it out. Its just be produced in different places than we currently drill...

Stupid (non boating) population :smt021

Michael
 
I also have to wonder if there were rain forests and a hot climate up at the north pole during the Jurassic period, aren't we just trying to put the Earth back the way it was?
 
Or do we need to go back to when the world was an Ice Planet? The "modern era" ice ages were nothing compared to some earlier periods in world history.
 
Hopper,
You've got my curiousity. Are you saying that nuke power is cheaper than we think or more expensive? I'm all for nukes. I live 15 miles from 3 Mile Island. Unfortunately, it is not my electric company that owns it. they have recently deregulated the electric power industry and my state is going to get whacked with a 30-40% increase in 09. I have a place in Md also and we got hit down there last year. My electric bill in MD, for weekends only is almost as much as my full-time bill in Pa. My house is total electric and they are warning us that within 2 years our rates will double. Build more nukes!!
 
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