[N8 v2.0]

And with an all time high in oil production and refining capacity too.

Thank you oil speculators!!!

http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/060727markets.aspx?GT1=8380

 

[LordOpie]

revenues were $100 billion?

10% profit margin seems rather reasonable.

 

[DaveW]

How much ya wanna bet they paid piss all tax on that..........

 

[Tenchiro]

Putting it into perspective, Exxon earned $114 million per day in the second quarter. That's $79,000 per minute or $1,300 per second.

I guess that money the Bush administration gave them sure helped them get back on their feet...

 

[dhbuilder]

revenues were $100 billion?

10% profit margin seems rather reasonable.

that's the same load of dogcrap that we're fixing to hear from the oil co's and their media apologists.

if i and a few other woodworkers had the stranglehold on the cabinetmaking and millwork industry worldwide like they do with the petroluem industry.
i'd be happy with 10% also.(that's the 10% that they tell you they're making.)

they control and profit off of it every step of the way. from the hole in the ground all the way to the hole in our wallets.

10% my @$$.

 

[LordOpie]

they control and profit off of it every step of the way.

then declare it a monopoly and let the gov't run/regulate it.

 

[rooftest]

then declare it a monopoly and let the gov't run/regulate it.

Yeah... let the government run it... that'll work great.

 

[ohio]

then declare it a monopoly and let the gov't run/regulate it.

They can't. It's a multinational. It's the corporations that are now regulating the government.

 

[Toshi]

whoa, you're alive. hi marc.

 

[Ciaran]

They can't. It's a multinational. It's the corporations that are now regulating the government.

That's what I've been saying for years.

 

[valve bouncer]

I always get Enron and Exxon confused. Exxon were the ones who f*cked Alaska and Enron were the ones who f*cked their workers and Bush was the one who f*cked everyone else, right?

 

[LordOpie]

Yeah... let the government run it... that'll work great.

i was being sarcastic.

 

[N8 v2.0]

That's what I've been saying for years.

how profound... you just now figure that one out?

 

[fluff]

how profound... you just now figure that one out?

Yup - he's just figured out that he's been saying that for years.

N8, do you find that wherever you are it is always high tide?

 

[DRB]

Yup - he's just figured out that he's been saying that for years.

N8, do you find that wherever you are it is always high tide?

Are you saying that N8 sucks more than gravity?

 

[MMike]

Yup - he's just figured out that he's been saying that for years.

N8, do you find that wherever you are it is always high tide?

Ahahaaaa

It's a good thing DRB translated that for him. He never would have figured that one out.

And now we wait for a poorly thought out, dim-witted rebuttal, aimed at your sexual preferences and/or testosterone levels....

 

[fluff]

Ahahaaaa

It's a good thing DRB translated that for him. He never would have figured that one out.

And now we wait for a poorly thought out, dim-witted rebuttal, aimed at your sexual preferences and/or testosterone levels....

To be fair to N8 he does much better on that score than many others. His ability to be obtuse does still amaze however.

On a completely different note, can anyone here do a decent breakdown of why Exxon's profits and whether it really is a 10% profit margin?

 

[MTB_Rob_NC]

On a completely different note, can anyone here do a decent breakdown of why Exxon's profits and whether it really is a 10% profit margin?

If you could get a clear picture of what that actually was from the outside you would need to be a financial genius with inside information. There is so much that does and does not go into things like "Cost of Sale" for the oil and other like minded industries. R&D, land/mineral future costs etc etc. It isnt like it is a simple manufacturing or sales industry where you can see, or back into what they pay for something.

 

[MMike]

N8 exceeds 90 degrees but is less than 180....



(WKRP was a great show)

 

[DRB]

To be fair to N8 he does much better on that score than many others. His ability to be obtuse does still amaze however.

On a completely different note, can anyone here do a decent breakdown of why Exxon's profits and whether it really is a 10% profit margin?

If they are saying 10% then any information available is going to reflect 10%. So everything that you can reasonably expect to find is in the following information.

Here are the quarterly statements as issued....

http://library.corporate-ir.net/library/11/115/115024/items/206828/2Q06supplement.pdf

http://home.businesswire.com/portal/site/exxonmobil/index.jsp?epi-content=GENERIC&newsId=20060727005480&ndmHsc=v2*A1072962000000*B1154032188000*C4102491599000*DgroupByDate*J2*N1001106&newsLang=en&beanID=2030803304&viewID=news_view



Here are there income statements for the last 4 years.
http://money.cnn.com/quote/financials/financials.html?symb=XOM&sid=161455&report=1&period=annual

Here are their balance sheets for the last 4 years.
http://money.cnn.com/quote/financials/financials.html?symb=XOM&sid=161455&report=2&period=1

Here are their cash flow statements for the last 4 years.
http://money.cnn.com/quote/financials/financials.html?symb=XOM&sid=161455&report=3&period=1

 

[N8 v2.0]

To be fair to N8 he does much better on that score than many others. His ability to be obtuse does still amaze however.

Humm.... I'm sure that isn't a good thing... or is it...???

 

[jonKranked]

They can't. It's a multinational. It's the corporations that are now regulating the government.

So when are they going to rename 'North America' and 'South America' to 'North Haliburton' and 'South Haliburton'?

 

[fluff]

If they are saying 10% then any information available is going to reflect 10%. So everything that you can reasonably expect to find is in the following information.

Here are the quarterly statements as issued....

http://library.corporate-ir.net/library/11/115/115024/items/206828/2Q06supplement.pdf

http://home.businesswire.com/portal/site/exxonmobil/index.jsp?epi-content=GENERIC&newsId=20060727005480&ndmHsc=v2*A1072962000000*B1154032188000*C4102491599000*DgroupByDate*J2*N1001106&newsLang=en&beanID=2030803304&viewID=news_view



Here are there income statements for the last 4 years.
http://money.cnn.com/quote/financials/financials.html?symb=XOM&sid=161455&report=1&period=annual

Here are their balance sheets for the last 4 years.
http://money.cnn.com/quote/financials/financials.html?symb=XOM&sid=161455&report=2&period=1

Here are their cash flow statements for the last 4 years.
http://money.cnn.com/quote/financials/financials.html?symb=XOM&sid=161455&report=3&period=1

OK, maybe I was unclear; I assumed that they must file accounts and that these may be accessible. I was futher thinking that there may be someone who is familiar with the ways that these accounts are generally constructed who may be able to see why the $10billion is a net figure and what has been dropped from the gross figure. I am also aware that applying what I know (and it's not much) about UK accountancy to US figures may not be too useful.

I do accept that I was being hopeful.

 

[ohio]

OK, maybe I was unclear; I assumed that they must file accounts and that these may be accessible. I was futher thinking that there may be someone who is familiar with the ways that these accounts are generally constructed who may be able to see why the $10billion is a net figure and what has been dropped from the gross figure. I am also aware that applying what I know (and it's not much) about UK accountancy to US figures may not be too useful.

I do accept that I was being hopeful.

Unless you're a pro, the details won't be that important. Like any other corp the profits will be buffered by investments (which will rise with profits) and buried by depreciation (which lags behind investment). So it looks likeless than it is, but that's true of any corp for whom avoiding taxes and scrutiny is more important than inflating share price.

For our purposes, all you need to know is they are raking it in hand over fist.

 

[ohio]

So when are they going to rename 'North America' and 'South America' to 'North Haliburton' and 'South Haliburton'?

Well, it depends on what agreement they come to with Bechtel.

 

[Ciaran]

how profound... you just now figure that one out?

What part of "sayin it for YEARS" don't you understand?

 

[Greyhound]

10.46% profit margin off of 99.03 billion.......not bad at all, but not the best out there. Most pharmaceutical and banking companies earn higher. Hey...don't shoot the messenger.

The amount of profit earned is directly tied to the price of the product that you are selling.....and also the market situation for said profit. All these higher profits mean, is that the cost of Exxon Mobil's products (primarily petroleum-based products) has gone up along with demand.

Did you also know that during the quarter, Exxon spent close to 5 billion of this profit on capital projects and exploration for new sources of oil, and another $7.9 billion was sent to shareholders in the form of dividends and share repurchases? My dad is one of those shareholders, so perhaps you might want to blame him for your high gas prices. Besides my dad, you have some of teacher's union pension funds out there who invest heavily in Exxon Mobil. These dividends, which came from the Exxon profits, will be spent to cover pension checks to retired teachers. Now that's pretty nasty, isn't it! How DARE these teachers receive pension checks funded by investments in a successful corporation like Exxon Mobil when the government could be getting that money thorough a windfall profits tax?


Perhaps if you don't like the profits these companies are making, you might want to start your own oil company, hmmmm?

 

[LordOpie]

did these oil companies invest years and years of R&D into exploration, distribution, refining?

Isn't it possible that all the years of hard work are simply paying off?

 

[ohio]

did these oil companies invest years and years of R&D into exploration, distribution, refining?

Isn't it possible that all the years of hard work are simply paying off?

That investment is the cost of doing business in oil. On an investment by investment basis, you could say that some are paying off and some aren't. For the industry as a whole, they actually at a peak of investment right now, and were investing relatively little over the "years and years" of low oil prices.

So no, that isn't possible.

 

[DaveW]

Did you also know that during the quarter, Exxon spent close to 5 billion of this profit on capital projects and exploration for new sources of oil, and another $7.9 billion was sent to shareholders in the form of dividends and share repurchases?

No the capital projects/exploration is accounted for under operating costs and is NOT part of the profit. Also a large chunk of capital projects money for refinery construction post hurricane katrina was subsidised via USA federal govenment money.....This is after the US govenment paid for them to shut down some refinerys a decade ago.

 

[jaydee]

Nobody says the oil companies that run the world shouldn't make money, but all their whining about how they have to raise the price of oil because of inflation or recession, or because there's a war going on or not enough wars going on, or the dollar is rising or the dollar is falling, or because April 14th falls on a Tuesday is getting pretty boring. They could just come right out and say, "Greed is us and we're sticking it to you because we can charge you as much as we want since we make the rules, and you can't do anything about it."

 

[Chunky Munkey]

YA! You'd think the US GOV and people of this nation would force Exxon to give that 100 billion to continue the cleanup and fix the lives of all those who depending on their lives as fisherman now ruined and F(*KED by the EXXON VALDEEZ!

 

[DaveW]

Oh come on!!!!
big bussiness and govenments the bigger they get the more they take and don't give.
Everyone knows that!

 

[DRB]

YA! You'd think the US GOV and people of this nation would force Exxon to give that 100 billion to continue the cleanup and fix the lives of all those who depending on their lives as fisherman now ruined and F(*KED by the EXXON VALDEEZ!

If you only knew what you were talking about.

 

[Chunky Munkey]

If you only knew what you were talking about.

Obviously I DO KNOW more than YOU dumbass. I could sit here an banter with you but I'll just let the MSNBC article prove what a true imbecile you really are. Here's just one exerpt from it.

"A study by researchers at the National Marine Fisheries Service in Juneau, Alaska, indicates about six miles of shoreline around Prince William Sound is still affected by the spill, with 100 tons of oil remaining in the area."

And here's the article on MSNBC to pound it into your air filled head.

http://www.msnbc.msn.com/id/12820658/

Here's one more to drill it into your hollow skull.

http://www.npr.org/templates/story/story.php?storyId=5344108

And here's a few more to impregnate your empty cranial cavity.

http://news.bbc.co.uk/1/hi/world/americas/3333369.stm

http://www.planetark.com/dailynewsstory.cfm/newsid/36392/story.htm

Get the picture dumby? Guess you're not as smart as you think you are. Now, what was it that you were saying if I only knew what I was talking about? Hmmm?

 

[I Are Baboon]

stuff

Simmer down. If you can't post without the insults, maybe this forum isn't for you.

 

[N8 v2.0]

Simmer down. If you can't post without the insults, maybe this forum isn't for you.

You hear that Mr BeerDemon???!!!

 

[Chelseapiggy]

I work for a oil Co.. My co owns a few Exxons and BPs. Funny thing is the news keeps talking about how everything in the middle east is making the oil go up.. We do not get once ounce of oil from the middle east.. Our supplier is Canada... Most Oil Co. Have already found another oil supplier or looking for one...

 

[DirtyDog]

You hear that Mr BeerDemon???!!!

Insulting you isn't against the rules.

 

[N8 v2.0]

Insulting you isn't against the rules.

dammit!!! I figured that was the deal....


:looney: