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***EXON--MOBIL*** What do you think???

Discussion in 'Uncategorized Threads' started by Jim101, Feb 1, 2008.

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  1. Jim101

    Jim101 Active Member

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    Mash on the link for the complete article. Here is another part of the report. Jim


    Refining and marketing, or downstream, earnings were $2.3 billion, up from nearly 2 billion in the year-ago quarter, as improved refining operations offset lower U.S. refining margins.

    In the U.S., downstream earnings were off sharply from a year ago -- $622 million in the most-recent quarter versus $945 million in 2006.
     
  2. quicky

    quicky Member

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    Why is profit a dirty word? Our Gov't. made over 100 billion dollars from this co. in taxes and did not risk one red cent in infrastructure and investment. What a deal!, 100 billion in profit and no risk! How can I get in on some of this action? Our own governments' extortion tactics make a corporation look like a pauper. Consider the taxes you pay on a gallon of fuel and then consider the taxes you pay for Exxon. That is right, you (we) are paying the 100 billion our gov't. extorted from Exxon. So, all the road taxes and corporate taxes as well are all paid by us. Put that in your pipe and smoke it.

    OBTW, we got word today at work that with the carbon trading bill wending its way through our wonderful gov't's gilded halls, our company will need to find from somewhere an additional 50 million dollars for our carbon tax. So much for my job, we won't be able to stay in business. All for a false science being hustled by scaremongers and our elected officials prostituting themselves to get their grimy hands on even more of our dollars. Quicky 3604522
     
  3. trappermike

    trappermike Well-Known Member

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    What about all of the bad years? What about the amount of their investment? If you don't like it, quit buying their gasoline and they will not have as much profit. What about the other oil companies. Maybe EXXON, yes two XX's made better investment decisions. If you want to be part of the profit, buy their stock. If we want to control profits or tax the productive companies, let's nationalize them and let the government control all of them. OOPS, bad idea. They have it, you want it. Let's look at the ten year profits and losses and then decide. You can buy the stock and participate in the profits or not. It is called Capitalism, don't like it, become a competitor. I am not happy with fuel prices, but we also don't allow companies to drill in Alaska or offf the coast of California or in the Gulf. Blame your government for restricting access to oil reserves, not the companies.

    :) Mike
     
  4. nipper

    nipper TS Member

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    Its because the people making the profit could care less about me or you

    Bill
     
  5. quicky

    quicky Member

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    Who cares whether they care about you or me? It is completely immaterial to anything whether they care for me or not. I care that I can buy fuel when I need it. They care that they have it available for me so I can buy it. That is the extent of the caring necessary. We are so mushy. On the news you always hear: "Well, how do you feel that (pick a subject) is going to be for you?" I would much rather hear: "How do you THINK such and such is going to affect you...." We are so 'feelings' driven that it turns my stomach. Quicky, 3604522
     
  6. coyote268

    coyote268 TS Member

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    Well, lets take a look at this. How many young Americans have lost their lives or been crippled for life to keep the oil flowing. Every company has the right and should make a profit if they are to stay in business but, if they are making a huge profit on the sacrifices of young Americans, that sucks. I know I will be chastized for my comments but this situation has hit home with me. Blood money for profit. Sorry, I'll get off my soapbox.
    Dan
     
  7. nipper

    nipper TS Member

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    And the blood sport is costing you as of now around 35,000 to pay back.

    Bill
     
  8. gbatch

    gbatch TS Member

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    Let's give every person in the US their own home, a free college education, a car and a job that pays them $100k per year. Why not? Because we don't live in that socialist country - Yet. The libs are doing all they can to get us there, but I'd still rather live in a country where a company (or a person) can, through their work and willingness to take a risk, be rewarded for it, even after paying the gov't. its confiscatory share.

    Put it in perspective folks. Net income before tax is ~$10 billion on Gross Revenues of ~$100 billion. After taxes that net amount is likely to be about 5% of revenues or $5 billion. Do you honestly think that keeping a nickel for every dollar of sales is a crime? Just cause the numbers are large, don't get carried away with the BIG OIL boogey man thing and the 'blood for oil' democrap.

    I doubt that any of you would complain if were earning 5% on your own investments. Although, if you are maybe you should tell us all here and then turn it over to the government if it'll make you feel better.

    Now hear this. Capitalism isn't meant to be fair. It's meant to be productive and produce wealth.

    Gene Batchelar
    Wheaton, IL

    PS How many of you have a pension plan, a mutual fund, an IRA, or 401(k) etc.? Check and see if it's invested in BIG OIL at all and then think about it.
     
  9. halfmile

    halfmile Well-Known Member

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    The consumer is not the party that is entitled to benefit from tne operations of the corporation(any corporation).

    Unless you are a stockholder you have no right to expect anything at all from them.

    The part I didn't like was the 700 million the retiring CEO got as a bonus.

    He is a lot more than a simple earl or duke. At least a Baron, maybe a Prince.

    HM
     
  10. new loader

    new loader Member

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    If I owned a company like that, I would want it to be just as profitable, even more. The business of America is Business.-Ronald Reagan
     
  11. Bocephas

    Bocephas Well-Known Member

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    I could care less what they make.There is nothing we can do anyway.
    Much rather see it this way than big oil going broke and our government bailing them out like they have Amtrack and a few others.

    Bo
     
  12. admiral Art

    admiral Art TS Member

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    New Loader

    Sorry, that was Silent Cal Coolidge that made the statement, "<i>"The business of the country is business."</i>
     
  13. oz

    oz Active Member

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    the bad guys should figure out how to rob oil companies instead of banks and
    7-11's. But i guess they would just pass the loss on to us anyway. we get most of our oil from canada but we pay prices that the arabs set. go figure? I guess we are lucky the supermarkets don't charge us what it costs the arabs to grow produce in the desert. oz
     
  14. Bisi

    Bisi TS Member

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    2/3 of ExxonMobil's revenues come from outside the US. Look at it this way, they make the majority of their profit outside the US, and then they bring that profit home to mostly US stockholders.
     
  15. darr

    darr Well-Known Member

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    Until the congress allows these companies to tap U.S. oil reserves and build refineries you might as well get used to everything,not just oil,being more expensive.Until the left in this country is defeated and fair and free business can be done the middle class that the democrats "care" so much about will be screwed.Vote with your brain.

    Darr Wilson
     
  16. wm rike

    wm rike Member

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    All you guys bitching about corporate profits, why for God's sake can't you conceptualize the purchase of stock? If you really think they are making so much money and you see things with such clarity, cut your self in and shut up. I might ask, too, what you were doing to balance things out in the two decades from 1985 to 1995 when the collective American oil industry was running on vacuum?
     
  17. Tripod

    Tripod Well-Known Member

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    Iowa man!!
    Exxon-mobil made roughly 10% profit on the value of their company. Pepsi and Coca Cola both made almost 20% profit. The drug companies and financials, at least through last year, made several times more than that. My point is that since XOM is the biggest company in the world, they stand a pretty good chance of making the most money in dollars. If you had 5 trillion dollars, and put it in a cert of deposit, you would make 5% on your money, but you would make record profits on the dollar amount. Exxon Mobil is making twice the money they would if they sold the company and put the proceeds in the bank. There is risk involved in any business and it is rewarded with profits. Don't frett liberals out there, both Obama and Clinton have said they will take the profits of "big oil" and make grants for "alternative" energy.
     
  18. Jerbear

    Jerbear TS Member

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    The problem is you don't know if you are buying any Exon/Mobil gas because the Joe no name gas station will buy gas from anyone they can. Does anyone know who Costco buys their gas from? We have a lot of off brand gas stations here in MI and sometimes you get good gas milage from the gas you buy and then sometimes you don't. I'm quite sure as a gas station owner they shop prices as well. I have seen BP trucks at Costco and Atlas oil trucks there as well.One tank of gas from Costco will get me farther then another. Go figure...



    Jerbear
     
  19. Jerbear

    Jerbear TS Member

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    On the news yesterday that gas here in SE MI will be $3.50 on adverage this summer. So much for shooting a lot of ATA rounds this year.


    Jerbear
     
  20. phirel

    phirel TS Member

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    Hoosier Daddy- You have totally misinterpreted the First Amendment in your post. Is it also possible you have misunderstood the role of corporate profits in our economy?

    Pat Ireland
     
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