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Old 02-01-2008, 08:07 AM   #1
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CNN headline today
EXXON SHATTERS PROFIT RECORDS - $1300 a SECOND!


I will never buy another drop of fuel from Exxon. I'll take my business where they only make $900 a second
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Old 02-01-2008, 08:07 AM   #2
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CNN headline today
EXXON SHATTERS PROFIT RECORDS - $1300 a SECOND!


I will never buy another drop of fuel from Exxon. I'll take my business where they only make $900 a second
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Old 02-01-2008, 08:37 AM   #3
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Yeah, ironic that the economy is in the dumps and the Fed is cutting rates like crazy to stimulate it but the oil companies are making record profits. Gee, a Texas oilman in the white house, a Wyoming oilman as his #2. Never saw that one coming
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Old 02-01-2008, 09:18 AM   #4
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Look out guys, this sounds political, and the Boss may censor it for it's content.
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Old 02-01-2008, 09:38 AM   #5
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Nope, not political, just an observation.
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Old 02-01-2008, 09:46 AM   #6
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The stockholders of Exxon are getting rich, wait a minute, does your retirement fund have stocks in it?
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Old 02-01-2008, 09:59 AM   #7
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2007 Revenue - $404.5B
2007 Profit - $40.6B
2007 Profit as % of Revenue - 10.0%

2006 Revenue - $377.6B
2006 Profit - $39.5B
2006 Profit as % of Revenue - 10.5%

Actually, ExxonMobil experienced margin erosion in 2007, and 10.0% profit margin is surpassed by any number of other industry segments. For instance, our company earned $500.9M in 2007 on revenues of $4.666B, or 10.74%

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Old 02-01-2008, 12:01 PM   #8
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Thanks Rusty,
I was trying to figure out how to word that. There is a lot of difference in profit and profit margin.
How upset would folks be if they owned Exxon Mobile stock?
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Old 02-01-2008, 12:56 PM   #9
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Hillbilly2:
The stockholders of Exxon are getting rich... </div></BLOCKQUOTE>

I beg to differ. Believe me, Exxon's profits don't trickle down far enough to make me rich. I only wish.

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Old 02-01-2008, 01:10 PM   #10
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by NLOVNIT:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Hillbilly2:
The stockholders of Exxon are getting rich... </div></BLOCKQUOTE>

I beg to differ. Believe me, Exxon's profits don't trickle down far enough to make me rich. I only wish.

L- </div></BLOCKQUOTE>
Yes, Wall Street isn't overly impressed. ExxonMobil closed today about $10/share off its 52-week high.

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Old 02-01-2008, 02:15 PM   #11
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So all that money just evaporates, huh.
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Old 02-01-2008, 03:28 PM   #12
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British Petroleum just announced profits of 13 Billion!!!!

Mostly generated from crued oil. Fuel here in England cost 0.32p but with British Tax we pay 1.02 per ltr Not sure who actually makes the most profit there
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Old 02-01-2008, 03:39 PM   #13
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Ice-Man:
British Petroleum just announced profits of 13 Billion!!!!

Mostly generated from crued oil. Fuel here in England cost 0.32p but with British Tax we pay 1.02 per ltr Not sure who actually makes the most profit there </div></BLOCKQUOTE>

What were their sales??
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Old 02-01-2008, 04:17 PM   #14
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<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Hillbilly2:
So all that money just evaporates, huh. </div></BLOCKQUOTE>
No, aside from dividends, much of it gets plowed back into exploration, production, transportation, refining and distribution facilities - unfortunately, due to our environmental laws and NIMBY (not in MY back yard!!), the new refineries are overseas.

For example, BP's Thunder Horse platform shown below cost over $1 billion and was damaged in 2005 by a Gulf of Mexico hurricane before it produced its first barrel of oil.



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