Exxon Profit - $1.8 Billion in Three Months
Apr 30, 2016 08:01:15 #
Exxon declared a quarterly profit of $1,800,000,000 for the last three months. While that might sound like a lot of money to some people, it's their lowest profit in 16 years. All the bills were paid, all the salaries were paid, all the research was done, and they had that much left over.
"Profit - the excess of returns over expenditure in a transaction or series of transactions; especially : the excess of the selling price of goods over their cost."
"Profit - the excess of returns over expenditure in a transaction or series of transactions; especially : the excess of the selling price of goods over their cost."
Apr 30, 2016 08:08:00 #
jerryc41 wrote:
Exxon declared a quarterly profit of $1,800,000,000 for the last three months. While that might sound like a lot of money to some people, it's their lowest profit in 16 years. All the bills were paid, all the salaries were paid, all the research was done, and they had that much left over.
"Profit - the excess of returns over expenditure in a transaction or series of transactions; especially : the excess of the selling price of goods over their cost."
"Profit - the excess of returns over expenditure in a transaction or series of transactions; especially : the excess of the selling price of goods over their cost."
Yep, sure sounds like a lot of money left over to me. ;) Remember, that is a quarter.....multiply that times 4 for projected annual. Quite a tidy sum for the boys at the top.
Apr 30, 2016 08:29:09 #
Dngallagher wrote:
Yep, sure sounds like a lot of money left over to me. ;) Remember, that is a quarter.....multiply that times 4 for projected annual. Quite a tidy sum for the boys at the top.
Yep, capitalism sucks, for sure.
Apr 30, 2016 08:31:04 #
Jakebrake wrote:
Yep, capitalism sucks, for sure.
Not for a minority of the population, and their servants in Congress.
Apr 30, 2016 08:33:14 #
Dngallagher wrote:
Yep, sure sounds like a lot of money left over to me. ;) Remember, that is a quarter.....multiply that times 4 for projected annual. Quite a tidy sum for the boys at the top.
No. The boys at the top already got their millions. This is what is left over, assuring those guys that they will continue to earn enough to maintain their lifestyles.
It's like the same person winning the lottery four times a year.
Apr 30, 2016 08:37:01 #
[quote=jerryc41] While that might sound like a lot of money to some people, it's their lowest profit in 16 years.
My heart bleeds for them. I guess it's time to start a canned food drive for them along with raising the prices of gas... again!
My heart bleeds for them. I guess it's time to start a canned food drive for them along with raising the prices of gas... again!
Apr 30, 2016 08:42:54 #
jerryc41 wrote:
No. The boys at the top already got their millions. This is what is left over, assuring those guys that they will continue to earn enough to maintain their lifestyles.
It's like the same person winning the lottery four times a year.
It's like the same person winning the lottery four times a year.
Ohhh, sometimes we call that the TIP ;)
Apr 30, 2016 08:44:54 #
Actually, it's the scale of operations that makes it look more lucrative than it really is. Exxon Mobile is the world's largest petroleum company. Stockholders have about $170 Billion invested in the company. So, that $1.8 Billion in profit is about 1.1% return on all that money invested. That's about 43 cents for each share of investment. Not so much if you put it into the right perspective.
Apr 30, 2016 09:25:01 #
ecblackiii wrote:
Actually, it's the scale of operations that makes it look more lucrative than it really is. Exxon Mobile is the world's largest petroleum company. Stockholders have about $170 Billion invested in the company. So, that $1.8 Billion in profit is about 1.1% return on all that money invested. That's about 43 cents for each share of investment. Not so much if you put it into the right perspective.
Thank you.
Apr 30, 2016 09:39:43 #
If all you whiners think it is so good, why don't you buy their stock?
You do realize that those profits are for the benefit of investors. And who are the investors?......largely pension funds. In fact, most of us probably have some of our retirement invested in them. So so you still want less profit?
Some of you are just too stupid to realize how capitalism works.
You do realize that those profits are for the benefit of investors. And who are the investors?......largely pension funds. In fact, most of us probably have some of our retirement invested in them. So so you still want less profit?
Some of you are just too stupid to realize how capitalism works.
Apr 30, 2016 09:54:21 #
GregWCIL wrote:
If all you whiners think it is so good, why don't you buy their stock?
You do realize that those profits are for the benefit of investors. And who are the investors?......largely pension funds. In fact, most of us probably have some of our retirement invested in them. So so you still want less profit?
Some of you are just too stupid to realize how capitalism works.
You do realize that those profits are for the benefit of investors. And who are the investors?......largely pension funds. In fact, most of us probably have some of our retirement invested in them. So so you still want less profit?
Some of you are just too stupid to realize how capitalism works.
Oops, I think this thread is headed for the attic. :lol:
Apr 30, 2016 10:13:23 #
Apr 30, 2016 11:55:18 #
ecblackiii wrote:
Actually, it's the scale of operations that makes it look more lucrative than it really is. Exxon Mobile is the world's largest petroleum company. Stockholders have about $170 Billion invested in the company. So, that $1.8 Billion in profit is about 1.1% return on all that money invested. That's about 43 cents for each share of investment. Not so much if you put it into the right perspective.
Thank you for pointing out what the folks who don't understand how the world works think.
Apr 30, 2016 12:56:21 #
f8lee wrote:
Thank you for pointing out what the folks who don't understand how the world works think.
:thumbup:
Apr 30, 2016 17:03:09 #
ecblackiii wrote:
Actually, it's the scale of operations that makes it look more lucrative than it really is. Exxon Mobile is the world's largest petroleum company. Stockholders have about $170 Billion invested in the company. So, that $1.8 Billion in profit is about 1.1% return on all that money invested. That's about 43 cents for each share of investment. Not so much if you put it into the right perspective.
Right. About 1.1% for the top 1.1%.
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