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Author Topic: Exxon Mobil: Biggest profit in history !!!!  (Read 6768 times)

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Offline Thor

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #25 on: October 30, 2008, 07:51:29 PM »
Quote from: PatriotGame on October 30, 2008, 07:04:33 PM
I do not recall where I read this other than hearing Michael Savage talking about this but, Exxon-Mobil the consumer paid several hundred MILLION bucks in taxes during this same period.
Evil bastards are they not?

Fixed for you........
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Offline Happy Fun Ball

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #26 on: October 30, 2008, 07:58:33 PM »
Exxon may be getting a 10.77% profit margin, or 10-11 cents profit on the dollar, but how much of a profit margin is the government getting in the form of taxes? 40...50 cents on the dollar? And people are complaining about how much profit Exxon is making? At least they do all the work. If there is a perfect example of a "windfall profit", it's the government taking in the form of taxes several times the amount Exxon is making, and they haven't done a thing. They didn't drill for a drop of oil. In fact, they (the democrats actually) have been actively hindering their efforts to get to more oil. They didn't transport a bit of oil to the gas stations. They haven't sold a gallon of gas. Nothing. Yet, Exxon and the other oil companies are the eeeevil ones here.
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Offline Peter3_1

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #27 on: October 30, 2008, 08:11:19 PM »
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Offline Jim

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #28 on: October 30, 2008, 08:12:50 PM »
Quote from: Rebel on October 30, 2008, 02:59:15 PM
I'm paying 2.35 here.



you live in Russia ?  $1.94 here
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Offline Crazy Horse

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #29 on: October 30, 2008, 08:13:13 PM »
Quote from: Thor on October 30, 2008, 07:51:29 PM
Fixed for you........

Ahh................your inner socalist comes out

Federal tax...18.6

State tax..............that all depends but NC 32+

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Offline DixieBelle

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #30 on: October 30, 2008, 08:37:21 PM »
We had numerous threads on this here. They key words are "profit margin" as others have pointed out. I think those posts are in the ammo section.

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Offline Thor

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #31 on: October 30, 2008, 09:13:30 PM »
I want argue that the government is laughing all the way to the bank. Their taxes are absurd, at best. This is what we get for allowing such a large Government.
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Offline Chris_

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #32 on: October 30, 2008, 09:27:49 PM »
Quote from: Thor on October 30, 2008, 09:13:30 PM
I want argue that the government is laughing all the way to the bank. Their taxes are absurd, at best. This is what we get for allowing such a large Government.

And now that the government owns the bank (that they're laughing all the way to)...
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Offline Rebel

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #33 on: October 30, 2008, 10:01:52 PM »
Here's a clue for the Exxon haters. They work on investment dollars. 10+% is a LOW ROI. If you guys want them to only get 5%, say hello to the end of Exxon. Maybe you're OK with it. I'm not. Who do we replace it with? Someone in Saudi? Maybe Citgo?
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Offline JohnnyReb

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #34 on: October 31, 2008, 04:37:39 AM »
At least this time around the liberal news media is printing some dollar amounts, some numbers. Back in the 70's they were reporting "....and in other news. EXXON, SHELL and MOBIL all doubled their profits last quarter and still paid very little in federal taxes. blah-blah-blah." The news media had everyone hating the oil companies. I tried to tell some people, "Lets see some numbers DAMMIT. They could have made just $1 the previous quarter and then $2 in the last quarter, in which case they doubled their profit and would owe very little federal taxes....lets see the numbers DAMMIT."

So, now the numbers are large enough to throw out there to the public who only see XX billion, thinks that's a lot of money and goes "They're screwing us. They should nationalize the oil companies."
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Offline Chris_

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #35 on: October 31, 2008, 06:36:48 AM »
Well I doubt they will make that next quarter since gas has dropped so much. Also I wonder how much tax they paid compared to the 14 billion they made. I bet it was like last quarter. 3 dollars paid in taxes for every 1 dollar in profit. That my friends should be a ****ing crime.
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Offline Lord Undies

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #36 on: October 31, 2008, 07:37:00 AM »
This news thrills me.  I cannot imagine a world where Exxon is teetering on the brink of failure.  I want my gas and I want it when I want it.  God bless 'em! 
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Offline Splashdown

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #37 on: October 31, 2008, 07:59:44 AM »
Exxon/Mobil is in my 401(k). If they do well, I do well. I'm happy.
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Offline Rebel

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #38 on: October 31, 2008, 08:15:26 AM »
Quote from: Splashdown on October 31, 2008, 07:59:44 AM
Exxon/Mobil is in my 401(k). If they do well, I do well. I'm happy.

You should share your "wellness".  :-)
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Offline Splashdown

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #39 on: October 31, 2008, 08:24:09 AM »
Quote from: Rebel on October 31, 2008, 08:15:26 AM
You should share your "wellness".  :-)

Don't worry! It very well could be taxed and part of the General Fund on Jan 23.  :bawl:
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Offline Peter3_1

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #40 on: October 31, 2008, 01:18:44 PM »
The after tax margin for EXXON-MOBILE is 8.5%. Not much, is it?
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Offline Ptarmigan

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #41 on: October 31, 2008, 01:24:20 PM »
$14.8 billion is a lot, but from a percentage stand point, it is not a lot. 10% of ROI is not a lot. The self-help industry (Oprah, Dr. Phil, etc.) is also a huge industry, I believe $60 billion industry and ROI is muche larger in terms of percentage. Where's the complaint for that?
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Offline Red October

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #42 on: October 31, 2008, 01:45:54 PM »
Quote from: Thor on October 30, 2008, 02:34:02 PM
Exxon is reporting a profit of $14.8 BILLION !!! And we were paying $4.00+/ gallon for why ?!?!?!?

It's dropped down to $2.30 where I live. 
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Offline Thor

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #43 on: October 31, 2008, 03:56:52 PM »
Quote from: Ptarmigan on October 31, 2008, 01:24:20 PM
$14.8 billion is a lot, but from a percentage stand point, it is not a lot. 10% of ROI is not a lot. The self-help industry (Oprah, Dr. Phil, etc.) is also a huge industry, I believe $60 billion industry and ROI is muche larger in terms of percentage. Where's the complaint for that?

I don't complain about the self help industry because I don't NEED their help. I haven't used any of that stuff ever, anyways.
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Offline djones520

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #44 on: October 31, 2008, 04:30:09 PM »
Quote from: Hawkgirl on October 30, 2008, 03:59:43 PM
Gas is a need, not a want, it gets us to work, heats our home (well, not me because I live in South Florida...but you get the idea)  While, they should certainly be profitable, the gov't should protect us from gouging.

Mythbusters proved that Diesal vehichles can run off of used vegetable oil.  Mileage isn't as good (not horrible, but nothing like 30mpg), but if you pull up to a Taco Bell at the end of the night and ask them to give you the 3 or 4 gallons worth of oil their about to toss out, you could save yourself a pretty penny.
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Offline thundley4

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #45 on: October 31, 2008, 04:47:54 PM »
Quote from: djones520 on October 31, 2008, 04:30:09 PM
Mythbusters proved that Diesal vehichles can run off of used vegetable oil.  Mileage isn't as good (not horrible, but nothing like 30mpg), but if you pull up to a Taco Bell at the end of the night and ask them to give you the 3 or 4 gallons worth of oil their about to toss out, you could save yourself a pretty penny.

Do you really believe the fast food joints use fresh oil every day?  ::)
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Offline djones520

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #46 on: October 31, 2008, 04:52:29 PM »
Quote from: thundley4 on October 31, 2008, 04:47:54 PM
Do you really believe the fast food joints use fresh oil every day?  ::)

I worked at Taco Bell for 2 years.  They'd dump the oil every 2 or 3 days dependant on how bad it was getting.
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Offline JohnnyReb

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #47 on: October 31, 2008, 05:33:33 PM »
Quote from: djones520 on October 31, 2008, 04:30:09 PM
Mythbusters proved that Diesal vehichles can run off of used vegetable oil.  Mileage isn't as good (not horrible, but nothing like 30mpg), but if you pull up to a Taco Bell at the end of the night and ask them to give you the 3 or 4 gallons worth of oil their about to toss out, you could save yourself a pretty penny.

Did they also tell you what straight veggie oil will do to your diesel engine?
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Offline MrsSmith

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #48 on: October 31, 2008, 06:12:42 PM »
Quote from: Rebel on October 30, 2008, 10:01:52 PM
Here's a clue for the Exxon haters. They work on investment dollars. 10+% is a LOW ROI. If you guys want them to only get 5%, say hello to the end of Exxon. Maybe you're OK with it. I'm not. Who do we replace it with? Someone in Saudi? Maybe Citgo?
You know, anyone who really hates the American gas producers should just not buy their gas.  It works for abortion "rights," should work for gas "rights."
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Offline Peter3_1

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Re: Exxon Mobil: Biggest profit in history !!!!
« Reply #49 on: October 31, 2008, 06:14:10 PM »
Yes, you need to filter it , add some chemical treatment (refine it), and stabelize it, but if you get the oil "free" it still costs under $1 a gallon. But it is NASTY work.
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