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02-01-2008, 07:07 AM
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#1
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Senior Member
Join Date: Feb 2001
Location: Texas hillcountry USA
Posts: 530
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__________________
Robert & Nancy with "Murphy the EOG"
Murphy has passed on, but Micah and Bogie have assumed the watch! 02 Holiday Rambler 5ver, 2015 Indian Chief Vintage. 98 Coachmen truck camper.
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02-01-2008, 07:07 AM
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#2
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Senior Member
Join Date: Feb 2001
Location: Texas hillcountry USA
Posts: 530
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__________________
Robert & Nancy with "Murphy the EOG"
Murphy has passed on, but Micah and Bogie have assumed the watch! 02 Holiday Rambler 5ver, 2015 Indian Chief Vintage. 98 Coachmen truck camper.
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02-01-2008, 07:37 AM
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#3
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Senior Member
Join Date: Dec 2007
Location: Tampa, FL
Posts: 284
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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 
__________________
2008 Itasca Sunstar 32 K
2005 Honda Element
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02-01-2008, 08:18 AM
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#4
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Senior Member
Mid Atlantic Campers
Join Date: Feb 2006
Location: McVeytown, PA
Posts: 2,259
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Look out guys, this sounds political, and the Boss may censor it for it's content. 
__________________
Steve, Pat, Hakbar, & Root Motor
2007 National RV Pacifica 36'
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02-01-2008, 08:38 AM
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#5
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Senior Member
Join Date: Dec 2007
Location: Tampa, FL
Posts: 284
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Nope, not political, just an observation.
__________________
2008 Itasca Sunstar 32 K
2005 Honda Element
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02-01-2008, 08:46 AM
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#6
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Senior Member
Join Date: Dec 2007
Location: Blairsville,GA
Posts: 257
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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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02-01-2008, 08:59 AM
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#7
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Senior Member
Texas Boomers Club
Join Date: Jul 2000
Location: Cypress, Texas USA
Posts: 8,854
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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%
Rusty
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02-01-2008, 11:01 AM
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#8
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Senior Member
Appalachian Campers
Join Date: Sep 2002
Location: Dixie !! (north Georgia) USA
Posts: 4,114
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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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02-01-2008, 11:56 AM
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#9
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Community Administrator
Pond Piggies Club LA Gulf Coast Campers Outdoors RV Owners Club Entegra Owners Club Skyline Owners Group
Join Date: Mar 2002
Posts: 40,728
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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.
L-
__________________
Lori (& Dave, my spirit guide) - RV/MH Hall of Fame Lifetime Member | My iRV2 Photo Albums
2016 Phoenix Cruiser 2350S, 2018 Phaeton 40IH,2006 Bounder 36Z, 2004 Cougar 285EFS, 2000 Aerolite 25FBR
There is great need for a sarcasm font. 
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02-01-2008, 12:10 PM
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#10
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Senior Member
Texas Boomers Club
Join Date: Jul 2000
Location: Cypress, Texas USA
Posts: 8,854
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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.
Rusty
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02-01-2008, 01:15 PM
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#11
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Senior Member
Join Date: Dec 2007
Location: Blairsville,GA
Posts: 257
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So all that money just evaporates, huh.
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02-01-2008, 02:28 PM
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#12
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Senior Member
Join Date: Nov 2007
Location: Cheltenham, England
Posts: 125
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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 
__________________
Icey
in Blighty
Maybe a Winnebago 38+ or ... 
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02-01-2008, 02:39 PM
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#13
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Senior Member
Winnebago Owners Club Pond Piggies Club Appalachian Campers Mid Atlantic Campers
Join Date: Dec 2002
Location: Sarver, PA/Crystal River, FL/Shelocta, PA
Posts: 4,671
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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??
__________________
Sarver, PA/Crystal River, FL/Shelocta, PA · FMCA 335149 · W3TLN 2005 Suncruiser 38R · W24, no chassis mods needed · 2013 Honda Accord EX-L · 2008 Honda Odyssey EX-L
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02-01-2008, 03:17 PM
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#14
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Senior Member
Texas Boomers Club
Join Date: Jul 2000
Location: Cypress, Texas USA
Posts: 8,854
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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.
Rusty
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