Exxon Mobile
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Joined: Dec 2003
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From: Mount Airy,MD
Originally Posted by risupercrewman
If you buy into the belief that Exxon Mobile is only making a 8-9% net profit........you my friend are way beyond repair!.......Do you still believe in Santa Claus too?............Do some research & find out what the previous CEO of Exxon Mobile retirement severance package consisted of..........8-9%, have some more "Medical Marijuana!.............
Revenue at Exxon Mobil rose 30 percent in the fourth quarter to $116.6 billion from $90 billion a year ago. For the year, sales rose to $404.5 billion — a figure just slightly lower than the U.S. Defense Department's fiscal 2007 budget.
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From: Pacific Northwest
Originally Posted by TexfordD
OMG $11,000,000,000 this last quarter. $40,000,000,000 year total profit!!!
That is enough to fill every car,truck and SUV in America 4 times with gas !!!
That is enough to fill every car,truck and SUV in America 4 times with gas !!!
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From: Mount Airy,MD
Originally Posted by Ken07Harley
Oil companies should be non-profit like other energy suppliers. All profits should be returned to the customers.
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From: Alberta, Canada
Originally Posted by Ken07Harley
Oil companies should be non-profit like other energy suppliers. All profits should be returned to the customers.
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From: Iowa
April 14, 2006 ABC News (Lee Raymond CEO Retires)
The Guy had to work until he was 66 years old! He had been with Exxon for 42 years.
"Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes."
I would think he could get by ok on that amount if he watches his budget.
The Guy had to work until he was 66 years old! He had been with Exxon for 42 years.
"Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes."
I would think he could get by ok on that amount if he watches his budget.
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From: Pacific Northwest
Originally Posted by cndcowboy
Are you also going to cover all the exploration and drilling costs? What incentive is there for a company to be a company if there isn't any profit? I sure as hell wouldn't be doing what I am doing if there wasn't money in it. The people that are so against capitalism should move to a communist country.
In today's world the equitable need for affordable energy transcends capitalism. The price of energy affects the price of EVERYTHING and needs proper regulation. Capitalism belongs in the realm of non-essential products and services. It has no place in fundamental resources.
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From: Southeastern Virginia
They have set records consistently over several years....
Originally Posted by Screw50
"The company also set a new record for largest quarterly profits, posting net income at $11.6 billion for the three months ending December 2007, up 14 percent over 2006's fourth quarter profits of 10.2 billion. The figures represent a gain of $2.13 per share, versus $1.76 per share in 2006."
Return on Equity (TTM): 33.10%
Return on assets (TTM): 16.60%
Return on Investment (TTM): 31.2%
Return on Equity (TTM): 33.10%
Return on assets (TTM): 16.60%
Return on Investment (TTM): 31.2%
I wonder what their paid tax rate is and what type jump is that over the last 4 years?
Originally Posted by Ken07Harley
Non-profit does not equate free. Of course all costs and salaries are covered. Have you ever belonged to a credit union or other kind of co-op?
In today's world the equitable need for affordable energy transcends capitalism. The price of energy affects the price of EVERYTHING and needs proper regulation. Capitalism belongs in the realm of non-essential products and services. It has no place in fundamental resources.
In today's world the equitable need for affordable energy transcends capitalism. The price of energy affects the price of EVERYTHING and needs proper regulation. Capitalism belongs in the realm of non-essential products and services. It has no place in fundamental resources.
Maybe people would be more receptive to allowing drilling...take the good with the bad instead of always just paying for the fallout and cleanup.
Last edited by Old Dogg™; Feb 3, 2008 at 04:29 AM.
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From: Mount Airy,MD
Originally Posted by Old Dogg™
I have been thinking this for years....They often use federal/public land.
As far as taxes, my guess is that on that 400B gross, they would pay between 80 and 120B. Especially since a an international company they will be paying taxes to more than 1 country. Not just the US.
Edit - just found this.
It also noted its U.S. tax bill from 2002 to 2006 was $59.9 billion, and that its worldwide effective income tax rate for 2006 was 43 percent.
Last edited by kingfish51; Feb 3, 2008 at 10:27 AM.
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From: Nebraska
Theres some thing wrong when the price on some thing that has been around for 100 years shoots up almost 90% in 1 year.
I know the demand is greater then it has ever been, but it isnt growing that fast.
We are getting hosed. I also think that the tax rate on this stuff is getting to be a bit rediculous. At this point, The government is making more money off of gasoline sales then the guy who sells it at the gas station.
I know the demand is greater then it has ever been, but it isnt growing that fast.
We are getting hosed. I also think that the tax rate on this stuff is getting to be a bit rediculous. At this point, The government is making more money off of gasoline sales then the guy who sells it at the gas station.
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From: Burleson, Texas
What's more rediculous id the amount of tax subsidies these oil companies get. We are the ones paying.
http://news.yahoo.com/s/usnw/2008020...rket_oversight
Congress also failed last year to pass a proposal in the federal energy bill to recoup about $14 billion in oil company tax subsidies over five years. The companies currently receive an estimated $32 billion five-year total of such subsidies.