krickster
Florida
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Just a couple of points...If you take all the profit out of a gallon of gas, you're only talking .20-.25 cents. While 11 billion sounds like a lot, it really isn't when you compare how much foreign countries are making from our fuel purchases. At least Exxon is an American company that pays taxes, and employs people.
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jorn
Twin Cities
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jtel wrote:That profit they are showing is not just fuel. It is ALL the cross products they have. Everyone just thinks all they do is fuel.
What percentage is that of their operating expenses? Wanna be angry at an industry? How about the drug companies. But feel free to hate the oil companies, too. 
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kmb1966
Houston
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jorn wrote:jtel wrote:That profit they are showing is not just fuel. It is ALL the cross products they have. Everyone just thinks all they do is fuel.
What percentage is that of their operating expenses? Wanna be angry at an industry? How about the drug companies. But feel free to hate the oil companies, too.
Hmmm. one saves lives the other makes my car go..... strange comparison.
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BaldyD1
Central Florida area
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Used this simple example many times:
Man starts company in 1 state, hires 9 employees, company makes $100K profit each year, $10K for each employee, and $10K for owner - is this equitable? Group agrees it is. Same man does same thing in 9 more states and each employee gets $10K and the owner gets $10K from each company. All 90 employees get $10K each and owner gets $100K per year - is this equitable? Group still agrees it is. Same man does same thing in remaining 40 states. Each company's profit is still $100K per year, each of the 450 employees still gets $10K per year, and owner gets $10K from each company for a total of $500K per year - is this equitable? Group is now in major disagreement! Some say owner receives too much, some say it is totally wrong and owner should take less and give more to employees, and a very few give a half hearted "probably OK". Results almost same each time this example was presented. Socialism is alive and well in people if one person/company receives much more than "we/they" do.
It seems as if posters on this subject reflect very simular views.
$11.7 Billion profit is not much profit on Trillions of gallons of fuel/gas WORLD WIDE and other products purchased at fueling/gas stations.
NOTE: I aint got much learning nor edgumacation and I got no reason to be Exon/Mobile's defenderer, but, did work for ni-on to 41 of dem dare years and saw owners have things I couldn't git. I also do not enjoy high fuel/gas prices and have reduced travel because of fuel/gas costs.
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rcchallenger
La Mirada, California
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BaldyD1 wrote:
$11.7 Billion profit is not much profit on Trillions of gallons of fuel/gas WORLD WIDE and other products purchased at fueling/gas stations.
All true, yet it's still a record quarterly profit for an American company.
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JohnMo
Kentucky
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kmb1966 wrote:If you look back through MY POSTS, I never said the oil companies were GOUGING. Gouging? No. But to tell me a company like Exxon that made more profit than ANY company EVER in the history of the USA, is really not making much money because those total profit dollars came from large volume sales at low margins is a bunch of hogwash.
kmb1966 wrote:ruth_anne_b wrote:I think their profit just proves the old adage, “A fast nickel beats a slow dime.” They may not be making a lot per gallon, but they are selling so many gallons it adds up.
Dadgumit that is a good one. I am gonna remember that one. well said.
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Boarhog
Los Angeles California
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"And you never ever hear from those that complain where a good majority of those profits go... Retired workers, pensions, 401K’s, research….Oh those awful oil companies doing research and paying their investors…. Good thing BHO wants to tax them more…..that way those dirty rich people wont make any more money."
Really? All you listed are expenses, which are paid before the 11.7 Billion dollars of profit.
Everybody picks on the poor oil companies. Lucky of them they have a couple of big oilmen in the White House to look out for their interests.
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D & M
Laurel, MD
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ruth_anne_b wrote:I think their profit just proves the old adage, “A fast nickel beats a slow dime.” They may not be making a lot per gallon, but they are selling so many gallons it adds up.
Exactly correct . That's how businees works. With all of the oil products that the world depends on, they can't help but make money. In the end, after all of their investment, 8% in their pocket isn't all that much.
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chuckster11
Idaho
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It is far too easy to blame the "big oil companies" for all our energy woes.
Look not at the producer of the oil--they have more than enough customers for their product--here and around the world--they are simply filling the demand and if they make a profit, so much the better--profit provides income and taxes.
Want to blame someone that is more responsible? Blame the politicians that have tied the hands of energy producers for years--those that oppose drilling, those that oppose hydro-electric generation, those that oppose the development of nuclear energy--those politicians and the party they represent are much more responsible for $4.00 gas than any oil company.
Simple as that--to everyone of you out there that have winced and failed to support offshore, Alaska, any drilling and those of you that have winced and failed to support the building of nuclear energy generation plants throughout America are equally responsible.
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zsr22
Atlanta, GA
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Home Depot could sell 100x the amount of lumber at half the profit margin as the local Mom and Pop lumber yard and still turn 50x the profit.
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