douglee25
Well-Known Member
How about Exxon 2nd quarter profits came in at 11.6 Billion dollars!! WOW!!!
Doug
Doug
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Taxes were a whopping 10,526 billion.
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.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.
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!
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.