citationbob
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San Bernardino
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Message Posted:
11/19/2008 2:39:29 AM
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ok
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rockinrog
Champion Author
Ontario
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Message Posted:
11/18/2008 10:42:53 AM
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I'm sure Exxon is making the case...to add to there already over inflated fat profits.
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starfighter08
Veteran Author
Illinois
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Message Posted:
11/18/2008 10:10:55 AM
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Folks, like it or not, BO will always show a profit. No matter what. The Dems raise taxes on them...no problem, business always passes taxes on to the consumer. Crude oil prices go up, same thing. Refinery blows up, again, the costs are passed on to us. Compared to other products, BO profit is not that much. It just seems so much because of the huge volume of petroleum products that we use. For every gallon of fuel, they average somewhere around 8 cents profit. Multiply that by the hundreds of millions of gallons of gas that are sold to consumers EVERYDAY and you will wind up with huge profits.
You smokers out there, a pack of smokes only costs 12 cents to make. How much do you pay for a pack? How much of the price is taxes? Believe me, the tobacco industry doesn't pay those taxes. You do.
Take a look at the pharmaceutical industry. Anyone ever looked at their profit margins? Tell me how a tiny little pill can cost $5 or even $10 ?
The only way a company loses money, is if income outstrips costs.
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CSFireFish
Rookie Author
Colorado Springs
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Message Posted:
11/18/2008 10:04:20 AM
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Drill baby drill!
And how about getting rid of that E85 crap! You get worse mialage, it polutes more and it causes food priv=ces to rise!
What a bunch of crap!!!!!
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CSharpGuy
Champion Author
Colorado Springs
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Message Posted:
11/18/2008 10:00:54 AM
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The Democrats have always been against the big companies: big oil, big pharmacy, big software, and big whatever. They wanted to punish these companies. But this is what we want now, big strong companies to keep the economy strong. What makes you believe the Democrats are going to solve this crisis? No confidence whatsoever.
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jayeman
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Pennsylvania
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Message Posted:
11/18/2008 9:59:29 AM
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competitive advantage? yet on average i would say exxon prices are higher than most. guess you gotta keep them margins the same....
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rjb21760
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Chicago
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Message Posted:
11/18/2008 9:59:24 AM
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OK
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rtw777
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Florida
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Message Posted:
11/18/2008 9:58:46 AM
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Seems Exon can't lose.
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DooDaa
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Massachusetts
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Message Posted:
11/18/2008 9:58:37 AM
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they just want more money in the pocket!!
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ss70
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Detroit
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Message Posted:
11/18/2008 9:58:11 AM
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go get the easy money somewhere else
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REVLAW
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San Antonio
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Message Posted:
11/18/2008 9:57:24 AM
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Self-absorbed and confident, the Exxon chief sees bright bonuses on the horizon.
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DrakIII
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San Diego
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Message Posted:
11/18/2008 9:56:45 AM
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Of course they're all smiles, it's a win-win situation for them.
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AlaRedNeck
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Kansas
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Message Posted:
11/18/2008 9:55:17 AM
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They need to start hustling and get into development of alternative fuels or they will be the GM of the energy world.
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parsec
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Toronto
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Message Posted:
11/18/2008 9:53:48 AM
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Too mighty.
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gaswatcherCA
Sophomore Author
Oakland
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Message Posted:
11/18/2008 9:53:22 AM
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Wait until summer and see what his reason is for raising the price is.
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GasholeMI
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Lansing
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Message Posted:
11/18/2008 9:52:46 AM
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Exxon has it made. It can make billions or it can do poorly. If it does poorly, the government will bail them out because they are too big to fail.
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farmersboy
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Madison
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Message Posted:
11/18/2008 9:49:26 AM
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Big Bucks
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MightyDude
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Minnesota
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Message Posted:
11/18/2008 9:49:02 AM
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really
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sidhall142
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Twin Cities
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Message Posted:
11/18/2008 9:48:54 AM
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hm
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BoerneWatch
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San Antonio
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Message Posted:
11/18/2008 9:48:32 AM
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It is profit margin.
Exxon has been able to keep a pretty big one across the board.
They produce the stuff that manufacturers need to supply us.
If Exxon just produced gasoline and diesel, they would not be nearly as profitable.
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jaysun420
Sophomore Author
Kansas City
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Message Posted:
11/18/2008 9:48:18 AM
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More gibberish from Exxon...
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cableman31
Champion Author
New York
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Message Posted:
11/18/2008 9:48:12 AM
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EXXON is the biggest thieves.
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ww2gas
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Virginia
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Message Posted:
11/18/2008 9:47:53 AM
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Never had any doubt Exxon would be around as gas will never go so low that they won't make money.
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AC-302
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Los Angeles
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Message Posted:
11/18/2008 9:46:51 AM
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ExxonMobil as the world's largest oil company? Publicly traded, maybe. SABIC and GAZPROM are actually larger, but they're state-owned.
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nyfinest23
Rookie Author
Albany
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Message Posted:
11/18/2008 9:45:52 AM
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Low prices is great right now!
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RedRam2005
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San Antonio
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Message Posted:
11/18/2008 9:43:16 AM
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If we nationalize oil companies we can ruin most of the retirement funds in America and become just like the other socialist countries.
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Overfill
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Albuquerque
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Message Posted:
11/18/2008 9:41:03 AM
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Old news
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VTROCK
Sophomore Author
Detroit
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Message Posted:
11/18/2008 9:40:09 AM
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Perhaps Exxon should invest some of their billions in profits and shore up GM or Ford so they keep building vehicles that burn their product.
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rod1965
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Portland
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Message Posted:
11/18/2008 9:39:34 AM
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Sounds like balderdash to me.
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frede2
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Texas
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Message Posted:
11/18/2008 9:36:49 AM
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Why don't they send Tillerman to get the Somali pirates off of the Saudi ship? He can kill them with b.s.! and just take the ship back.
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Badmoon
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Massachusetts
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Message Posted:
11/18/2008 9:36:02 AM
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With Quarterly profits around 2.5 - 4.5 Billion for the last few years they have quite a pile to burn thru if they need to. Don't think they put anywhere near that into R&D for oil or green energy.
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Expdn2000
Sophomore Author
Hartford
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Message Posted:
11/18/2008 9:35:59 AM
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OK! ?
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Lonewolftx
Champion Author
Houston
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Message Posted:
11/18/2008 9:33:02 AM
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Whatever . . .
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drloud
Rookie Author
Louisiana
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Message Posted:
11/18/2008 9:32:22 AM
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ATTA' BOY EXXON...KEEP UP THE GOOD WORK....EITHER CHEAPER GAS OR HIGHER PRICE STOCKS. WE GOT IT MADE EITHER WAY.
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Nogeekme
Champion Author
Baltimore
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Message Posted:
11/18/2008 9:31:41 AM
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who cares
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spadilla
Veteran Author
San Antonio
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Message Posted:
11/18/2008 9:30:49 AM
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Hopefully, big oil will put big pressure on giant OPEC.
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fairchildd
Champion Author
Kansas City
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Message Posted:
11/18/2008 9:30:21 AM
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hopefully they saved some of those profits for now
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DFleming
Veteran Author
Alberta
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Message Posted:
11/18/2008 9:30:08 AM
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Exxon is making money now, but the future of the company is grim. The cost of finding new oil is rising, contracts are getting more competitive, countries are demanding a bigger cut of the profits, etc. The key to a companies survival is growth and an Exxon is looking at a peak, not growth.
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Mazdaman7Q
Champion Author
South Carolina
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Message Posted:
11/18/2008 9:27:15 AM
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What??? Exxon is one of the most expensive!
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seville04
Veteran Author
Albuquerque
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Message Posted:
11/18/2008 9:26:37 AM
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"weather the slowdown"?! They just made billions in profit last quarter!
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tobasco
Champion Author
Los Angeles
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Message Posted:
11/18/2008 9:25:38 AM
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Exxon didn't raise prices, speculators did. Exxon didn't lowered prices, speculators did. Exxon just reaped the benefits since the cost of getting the oil out did not change.
[Edited by: tobasco at 11/18/2008 9:26:50 AM EST]
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RdHogg
Champion Author
Houston
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Message Posted:
11/18/2008 9:23:08 AM
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Keep it up..
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Oldwolf
All-Star Author
Raleigh
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Message Posted:
11/18/2008 9:22:21 AM
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Keep conserving.
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BazooQC
Veteran Author
Montreal
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Message Posted:
11/18/2008 9:22:18 AM
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After 2 years of record profits fleecing the flock, of course they can weather lower prices!
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Retowered
Champion Author
Colorado
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Message Posted:
11/18/2008 9:22:01 AM
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Lower the prices on all fuel.
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yeehaw1073
Sophomore Author
Indiana
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Message Posted:
11/18/2008 9:21:13 AM
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In other words: "We've got you by the short hairs and we're not letting go."
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Mikey8494
Champion Author
Dayton
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Message Posted:
11/18/2008 9:17:07 AM
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Lower them prices.....
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357revo
Champion Author
Pittsburgh
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Message Posted:
11/18/2008 9:15:22 AM
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thwadi said,
"Break up the oil companies like standard oil was ages ago.
It has already been proven that huge companies are not beneficial to society."
Proven by whom, thwadi? A bunch of social scientists who couldn't earn a living in the real world if their life depended on it, so they live in Academia and pollute the minds of yet another generation. Preaching their mantra that making money is GREED, oppression of the little guy, and "not beneficial to society."
So instead we have a move toward socialism, where Big Brother government provides cradle to grave goodies to more than half the population, so that their re-election is secured for the foreseeable future. And the productive members of society, including those EVIL corporations that actually produce something of value, get to pay for the drones on society. But that's OK with you, so long as you're on the receiving end.
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cudatim
All-Star Author
San Antonio
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Message Posted:
11/18/2008 9:14:15 AM
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Am I suppose to feel sorry for them or something??
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91Acclaim
All-Star Author
Maryland
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Message Posted:
11/18/2008 9:13:45 AM
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Rex W. somebody sounds like a well polished snake oil salesman.
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