Forum Index
Jeep Horizons HomeLinksJeep Horizons Tech Write-upsJeep newsLand useContact

 Watched TopicsWatched Topics   FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Exxon Mobile 10 billion dollars profit last three months.


 
Post new topic   Reply to topic     Forum Index -> General BS
View previous topic :: View next topic  
Author Message
ZG77_OzZ
Member


Joined: 25 Oct 2005
Location: USA NJ

PostPosted: Thu Oct 27, 2005 5:22 am    Post subject: Exxon Mobile 10 billion dollars profit last three months. Reply with quote

Exxon Mobile 10 billion dollars profit last three months.

Are you kidding me?
10 billion dollars I guess the 3 dollars a gallon was not because of shortages. HMMMM
Who else in the oil companies did well.

Exxon Mobile I am not buying any of there gas or oil Nothing. :temper:

Unreal to rip off people like theses guys have been doing. Finger tool pissed
_________________
Ron C
NJ AMSOIL Dealer
http://www.RCSynthetics.com
Disclamer : This is my opinion, my opinion only!!!
Back to top
View user's profile Send private message Send e-mail Visit poster's website AIM Address
Code3TJ
Hacker
Hacker


Joined: 01 Jan 2004
Location: Uzbekistan

PostPosted: Thu Oct 27, 2005 1:52 pm    Post subject: Reply with quote

Here's an interesting article:
Quote:
And how much money are these gougers really making? The past 12 months have been good for the major integrated oil companies. ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), and the rest of the industry have seen prices skyrocket. Yet even after all of their price increases, the industry's net margin was only 8.9%, compared with the S & P 500's net margin of 7.8%. Return on equity was very good at 27.4% -- almost double the 14.9% of the S&P 500 but still nowhere near the 48% return on equity in the personal-products industry. Is Avon (NYSE: AVP) gouging with an 82% return on equity? How about Valero (NYSE: VLO), Tesoro (NYSE: TSO), Amerada Hess (NYSE: AHC), and the rest of the refining and marketing segment of the industry? Net profit margin for that segment was actually lower than the S&P's at 6%, and return on equity was 19.6% over the past 12 months ended in June. Not bad, but hardly the boom that prompts industry critics to call for an excess-profits tax. By the way, I don't recall anyone calling for industry subsidies in 2002, when ConocoPhillips had a net profit margin of 1.4% and a return on equity of 2.4%, and Valero had a net profit margin of 0.3% and a return on equity of 2.1%.

http://www.fool.com/News/mft/2005/mft05101808.htm

Also, don't forget simple economics, the price of gas is set by the speculators who buy gas and oil contract futures hoping to make a quick buck and drive up the prices during tightened supply periods.
_________________
Nothing to see here.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic     Forum Index -> General BS All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Visit links4jeeps.com for write-ups, forums and clubs




Jeep®, Wrangler, Cherokee, Liberty and Grand Cherokee are copyrighted and trademarked to Chrysler LLC.
jeephorizons.com is not in any way associated with or endorsed by the Chrysler LLC.
All other content is copyright Jeep Horizons 2004-2008.
Tech write-ups Links Discussion board Land use News Site Map Terms of Use

Powered by phpBB © 2001, 2005 phpBB Group