View Full Version : Exxon Mobil and more good news
With all the bad news currently on the tv, I thought we should share some good news.
First Exxon Mobil is again showing record profits.
http://news.yahoo.com/s/nm/20060727/bs_nm/energy_exxon_earns_dc_6
Thank the Lord the Grand Oil Party gave them that tax break after Kartrina.
And then we have another newspaper dropping Coulter's column. Her penis envy must be raging about now.
And last but not least we find the faux christian Ralph Reed has fallen from grace in Georgia.
Better days are coming, don't you all think ?
Well, let's take a look at this.
Exxon - big profits.
GM - losing money.
Exxon - paying big dividends to stockholders, aiding economy.
GM - laying off people, costing unemploymeny strains on local governments, not helping economy thorugh investing
Exxon - paying high wages and benefits, helping economy
GM - closing plants
So, if you take the liberal positon of profits are bad, then you are certain of a poor economy,
Ljb - just shut up and buy some stock! I did. hehehe......
Well Tom,
If you think 1.9 percent is a big dividend, enjoy. Hope you own enough stock to buy another tank of gas with your dividend check.
ps I said good news not bad.
schweitz
07-27-2006, 05:44 PM
$1.65---Who gets it?---People who drill, transport and sell crude oil, including Middle Eastern companies, but also American firms like ExxonMobil and Chevron.
Why?---It costs these folks 12 to 24 cents to produce a gallon of gas. So why do they get $1.65? It isn't because they set the price. They don't. Oil is traded like any other commodity in the financial markets. So oil companies, investment fund managers, banks, airlines---anyone who has an interest in oil--are behind the pricing. All commodities are up, particularly gold and silver, but we don't get fired up about them because they don't really impact us. There is plenty of oil, but not enough refineries to turn it into gas (many were damaged by Katrina). This year's hurricane season and other world events will help determine whether prices rise even more.
$0.60---Who gets it?---Refineries
Why?---It's what they charge to thermally heat and molecularly crack the oil, turning it into gas.
$0.45---Who gets it?---Governments, which tax 30-70 cents a gallon, based on where you live.
Why?---The feds get 18.4 cents for every gallon; your state and local governments get the resr to pay for roads, bridges and clean air initiatives. For instance, California state laws demand only the cleanest gas, so those residents pay more.
$0.14---Who gets it?---Gas station owners.
Why?---Most stations with big names like Mobil or Exxon are actually owned and run by individual owners, not the companies whose name they bear.
The above was in the Aug 2006 Reader's Digest---I thought it was of interest.
blind squirrel
07-27-2006, 06:06 PM
I see that EXXON made $1319 per second;if they do a little better
next year they'll be making A-ROD money!
Yahoo!! Baby!!
Tom is indeed right on the money. Exxon has to distribute that sea of money to the owners of the company. aka: the shareholders. As a proud owner of the company I cannot wait for my share of the dividends. Making money on Exxon is easier then playing Spectacular Bid to show in the Belmont.
Tom, you are forgetting one thing -- Toyota and Honda are taking it to GM. Survival of the fittest. Toyota and Honda just make better cars. Period!
oop sorry, I have to go, my 12 step meeting for recovering capitalist is about to start.
_________________
OutSource congress.
Plusm the transplant companies are not burdened with unions - a definate roadblock to profitablilty.
Good examples - the auto industry - of just how good a company can be when not saddled down by human anchors.
UAW - Useless Auto Workers.
Wiley
07-28-2006, 12:39 AM
There is plenty of oil, but not enough refineries to turn it into gas (many were damaged by Katrina).
Last I saw U.S. daily refining capacity is around 17 million barrels of oil. U.S. daily consumption is around 20 million barrels of oil. Supply and demand. The last refinery built in the U.S. was 1976, envirnonmental restrictions and low profit margins are factors.
Lefty
07-28-2006, 01:46 AM
People bitch about gas prices, yet they're not cutting back on gas consumption. Good it be the economy is good and they can afford it? Hmmm...
chrisg
07-28-2006, 01:53 AM
I try to stay away from Off Topic, but boy did this bull see red:
1- When is Exxon going to pay Alaskans what it owes them?
2. GM - I've had numerous relatives work for them for decades, so it sucks to say this, but if you build crap, you're selling crap. GM needs to get it gear.
Plusm the transplant companies are not burdened with unions - a definate roadblock to profitablilty.
Good examples - the auto industry - of just how good a company can be when not saddled down by human anchors.
UAW - Useless Auto Workers.
Tom,
I find some amusement in your disparagement of an American company. Almost showing a glee with their misfortunes. While at the same time rooting for a foreign enterprise. Seems your patriotism is rather shallow.
I also am amused by your distaste for the UAW. Here is an organization that lifted hundreds of thousands of American workers up to middle class living. It was the UAW that brought us Dental care creating many rich Dentists and dental hygienists.
Well you will be glad to hear the UAW is on the way out. As you know Delphi has filed for bankruptcy allowing them to force buyouts and early retirements on many of their employees. People working for $14.00 an hour with no benefits are replacing these workers. This of course lowers the living standard of the Delphi workers. Not to worry though, the executives that managed this company into bankruptcy will be receiving $60 million in bonuses. So of course their standard of living will remain the same.
Not sure what it is about you and some others on this board that makes you shudder at the thought of working class people getting more money but don’t blink an eye at exorbitant executive bonuses.
In conclusion, the neocon agenda, lower wages for the working class and higher bonuses for the top class, appears to be working for you. Hope your luck continues.
Lefty
07-28-2006, 12:28 PM
lbj, I was working class most of my life. So I don't shudder when they get more money. But when that same worker gets priced out of the mkt because of artificial wage increases; and crazy dem theorys, THEN, I shudder.
lbj, I was working class most of my life. So I don't shudder when they get more money. But when that same worker gets priced out of the mkt because of artificial wage increases; and crazy dem theorys, THEN, I shudder.
Ambiguous. Are you trying to say something here ?
See, Ljb, you have to dig deeper.
GM is outsourcing jobs to other countries, closing plants here to do it. Destroying American jobs,
Transplants are investing in brick and morter HERE, creating jobs for Americans.
Honda is more of an American company than GM will ever be.
Lefty
07-28-2006, 07:56 PM
Ambiguous. Are you trying to say something here ?
I didn't think it was ambiguous but i guess if you have to repond and you have no argument, you can just throw words like ambigious out there. Tom has translated for you, so read most carefully.
See, Ljb, you have to dig deeper.
GM is outsourcing jobs to other countries, closing plants here to do it. Destroying American jobs,
Transplants are investing in brick and morter HERE, creating jobs for Americans.
Honda is more of an American company than GM will ever be.
So you don't like gm cause they are outsourcing ? And what American company is not outsourcing jobs ? Honda is a Japanese company no matter where they build a few plants. The profits and taxes end up in Japan. And your opinion on the Delphi fiasco ? They appear to be downsourcing their jobs.
I didn't think it was ambiguous but i guess if you have to repond and you have no argument, you can just throw words like ambigious out there. Tom has translated for you, so read most carefully.
Ok Lefty,
I'll let Tom do your talking for you. It would probably save bandwidth if you just posted "ditto". You know kinda like with limpbow.
Lefty
07-28-2006, 10:26 PM
So you don't like gm cause they are outsourcing ? And what American company is not outsourcing jobs ? Honda is a Japanese company no matter where they build a few plants. The profits and taxes end up in Japan. And your opinion on the Delphi fiasco ? They appear to be downsourcing their jobs.
This just proves you don't understand a damn thing Tom or I wrote. Please go back, read what we wrote most carefully, hold your response till you understand. I don't know about Tom, but i'm tired of trying to simplify the obvious.
Lefty, the guy's lack of understanding anything is outta sight!
HE butches abou the economy, and loss of jobs, I back a company creating jobs, and he bitches about that!
Honda IS a Janapenese compnay, investing in our country. WE get the taxe base, the wages, the economic benefits. A GM plant is Armpit, Mexico doens't benefit anyone, except those huge exectuive salaries you also bitch about.
Left is right - you just like to bitch.
Delphi - they need to cut out the deadwood. A 67% cut in pay and benefits is completely fair, considering the amount they make ( through back handed, unfair union bargaining practices) and the value they add on the job. Delphi people are way overpaid.
Now check this out - Delphi is buying out people - then hiring new people at a reasonable wage. Good for everyone.
Pay based on marhket, not union extorion is healthy.
Lefty
07-28-2006, 11:49 PM
Tom, couldn't agree more. Especially that last line.
Tom, couldn't agree more. Especially that last line.
Almost as powerful as pay based on the MARKET! :lol:
Vegas711
07-29-2006, 12:50 AM
Exxon makes record profits by screwing us all over , you would thunk that people would get so mad at their reps that their phones would be a ringing off the hook.
The facts are that people are so conditioned to being screwed over that they just have given up, maybe this is why there are so many viagra commercials on tv.
Lefty
07-29-2006, 01:23 AM
vegas, nah, people bitch like crazy when they're screwed over but the fact is most people can afford these gas prices. Demand is high and supply is limited; ergo higher prices. Too bad the dems have resisted drilling in Anwir and other prime spots in this country for last 30 yrs or so. There would be a bigger supply.
That's who I am mad at and blame for high prices - those dam tree hugging lib.
We might sitting ontop of the world's largest oil suppy - in shale. The technology is there to extact it profitable, but the locals are concerned it will affect thier bass fishing.
Libs are just programmed to lose.
We could be very much more oil independent if it were not for libs - the bane of this country.:ThmbDown::ThmbDown::ThmbDown:
Lefty and little lefty (Tom),
I am in a hurry this morning so will make this short.
What about the thousands of cars arriving by ship daily ? The plants in America are just a pr project by the Japanese mfgrs. And based on you guys opinions the pr is working well.
Second, a negoiated wage is not based on market ? Let us not forget management signed these contracts.
When you have more time, I will try to explain it to you.
You will need to focus, so plan accordingly.
Obviously, you have no clue as to how unions operate.
JustRalph
07-29-2006, 02:57 PM
What about the thousands of cars arriving by ship daily ? The plants in America are just a pr project by the Japanese mfgrs.
you don't know what the hell you are talking about. 50 million bucks a year to the Ohio economy is not a PR project....you show your ignorance once again.
you don't know what the hell you are talking about. 50 million bucks a year to the Ohio economy is not a PR project....you show your ignorance once again.
Wow 50 million a year, thats like a couple days profit for Exxon. Wonder how many days it takes Honda to cover this expense ?
JustRalph
07-30-2006, 11:38 PM
Wow 50 million a year, thats like a couple days profit for Exxon. Wonder how many days it takes Honda to cover this expense ?
50 million dollars buys a lot in Ohio.
His frame of reference is all the money the DNC spent in 2004 and how many (few) votes they got for it! :lol:
Secretariat
07-31-2006, 10:01 PM
I don't get it. Exxon makes the second largest amount of any company ever made in a quarter, while gas prices continue to rise under no oversight by an oil administration.. (btw..Exxon also had the largest profitable amount for a quarter last year in US history).
You honestly, don't see something wrong with people paying a huge direct User TAX to Exxon directly? Maybe they'll make a deal to help China drill in the Gulf between Cuba and US.
You've really been suckered in by this oiul administration.
Free enterprise, baby.
You don't HAVE to buy it.
Go get some of your poll-people to all get together and....CUT BACK.
So far demand is NOT waning.
50 million dollars buys a lot in Ohio.
You mean like an election maybe ? :lol: :lol:
Free enterprise, baby.
You don't HAVE to buy it.
Go get some of your poll-people to all get together and....CUT BACK.
So far demand is NOT waning.
Some do have to buy it. There work requires it. Others need transportation to the doctors office or the grocery store. Discretionary use of gasoline has decreased and will continue to do so.
Secretariat
08-02-2006, 09:59 AM
Some do have to buy it. There work requires it. Others need transportation to the doctors office or the grocery store. Discretionary use of gasoline has decreased and will continue to do so.
Good point. Besides the many mergers of gas companies allowed under this administration, don't give us a lot of choice in terms of which companies we can buy from anymore. Tom, what exactly are our options in terms companies to buy gas from? I guess we can walk.
Some do have to buy it. There work requires it. Others need transportation to the doctors office or the grocery store. Discretionary use of gasoline has decreased and will continue to do so.
Let's see some evidence of that.
Secretariat
10-30-2008, 08:56 PM
Since I've not seen LJB around here in ages, I thought I'd post this in honor of some of his previous post.s
http://news.yahoo.com/s/ap/20081030/ap_on_bi_ge/earns_exxon_mobil
Exxon Mobil posts biggest US quarterly profit ever
HOUSTON – Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.
Yet numbers contained within the company's most recent financial report revealed production numbers that continue to sag, and shares slipped 3 percent in midday trading.
The Irving, Texas-based company has reported unprecedented back-to-back quarters, the end of the most recent coinciding with a rapid plunge in crude prices. Benchmark oil prices fell another $2.91 to $64.59 Thursday on the New York Mercantile Exchange, about 56 percent off record highs in July.
Exxon said net income jumped nearly 58 percent to $2.86 a share in the July-September period. That compares with $9.41 billion, or $1.70 a share, a year ago.
The previous record for U.S. corporate profit was set in the last quarter, when Exxon Mobil earned $11.68 billion.
Revenue rose 35 percent to $137.7 billion.
On average, analysts expected the company to earn $2.39 per share in the latest quarter on revenue of $131.4 billion.
Lefty
10-30-2008, 09:13 PM
Of course they made big profits selling a product that's in demand all over the world. Why did you not post that Exxon also pd record taxes.
We know yo're a corporation hating socialist sec, but you insist on demonstrating it adfinitum. BORING...
Lefty
10-30-2008, 09:22 PM
BTW, sec, who did those profits go to? Do you have frickin clue?
They go to, get this, wait for it........INVESTORS. Many prob. live close to you. oooh, spooky. If you're sec, anyway.
alydar
10-30-2008, 09:50 PM
I do think that oil comapnies suffer a bum rap. Sure they are recording record profits, but they have sunk billions into development. It's the American way, they took the risk, they get to reap the rewards. It wasn't always this way, when oil prices plumeted in the early eighties.
That being said, tax subsidies for them need to be closely scrutinized. It is neither politically viable or appropriate to give large tax benefits to corporations that are making profits like this. They should be able to live on their own. They win they get the benefit, they lose they pay the price. That is the American way as well.
I week to go until the election and Sec is dumpster diving! :lol:
Hey, your last sentence said it all...."per share." Google it.
Sec wrote:
Since I've not seen LJB around here in ages, I thought I'd post this in
honor of some of his previous post.s
ljb was injured a while back. He was struck by a thought.
robert99
10-31-2008, 08:19 PM
As regards Toyota there are jobs and there are temporary jobs:
" As of November 2005, approximately 13,000 people, which accounts for 40% of the total workforce of Toyota, are employed as temporarily or with a fixed term, though their work is no different from the work done by regular employees. Only with the reason that their status is not full-time, their wage is discounted down to half of full-timers' while they are placed under constant fears that they can be discharged anytime from the companies. "
With a recession coming perhaps people will be grateful for having any job but when the better times come the way workers are treated will not return to the prosperous and more equitable days when Unions were able to negotiate on their behalf. Divide and rule - take or leave it will apply to all "industries" in a race to the bottom.
JustRalph
10-31-2008, 08:36 PM
Sec wrote:
ljb was injured a while back. He was struck by a thought.
:lol:
delayjf
11-03-2008, 04:07 PM
the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.
One thing your post fails to mention is that EXXON Mobile paid record taxes also. Exxon Mobil, which operates within a 43.3% tax rate, paid $11.3 billion in income taxes, $9.3 billion in sales taxes and $11.85 billion in other taxes. That comes to $32.51 billion in taxes during the current quarter.
witchdoctor
11-03-2008, 05:18 PM
One thing your post fails to mention is that EXXON Mobile paid record taxes also. Exxon Mobil, which operates within a 43.3% tax rate, paid $11.3 billion in income taxes, $9.3 billion in sales taxes and $11.85 billion in other taxes. That comes to $32.51 billion in taxes during the current quarter.
No wonder gas prices are so high. :bang: :bang:
delayjf
11-03-2008, 05:30 PM
Indeed, what's it going for in OU these days? 2.44 out here in Disneyland.
RaceBookJoe
11-03-2008, 05:53 PM
I filled up at Costco here in vegas last night....$2.47 for 91 octane. rbj
witchdoctor
11-03-2008, 06:51 PM
Indeed, what's it going for in OU these days? 2.44 out here in Disneyland.
$1.90 today
wonatthewire1
11-03-2008, 07:40 PM
good one witchdr.
$2.29 this morning on the way into work this morning
Saw $2.79 in town - about 10 miles from the $2.29!
Steve 'StatMan'
11-03-2008, 09:10 PM
Finally down to $2.69 across from me, 1mi from AP. $2.55 with car wash. I'd been so delighted 2 weeks ago when it got down to $2.89 from about $4.29 that I filled up for the first time since July.
ElKabong
11-03-2008, 09:19 PM
Interesting thread. I wonder if the liberals here that bitch and moan about high gas prices will do the same when 0bama's plan makes electric rates "skyrocket"? Will they ask for 0b0's head like they have GWB and Cheney? Or will they shpw themselves as nothing but partisan yellow dog democrats?
Vote for Mccain so we don't have to find out. Watching liberals whine and moan like lbj, little painted girl and sec is a daily moment of schadenfreude that soothes the soul....
witchdoctor
11-03-2008, 09:28 PM
good one witchdr.
$2.29 this morning on the way into work this morning
Saw $2.79 in town - about 10 miles from the $2.29!
That what it is in Tulsa.($1.90). Sorry it looks like youcan get it at Sam's Club for $1.87.
http://www.tulsagasprices.com/
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