DrCashFlow
Champion Author
Massachusetts
Posts:5,276
Points:1,270,200
Joined:Jun 2008
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Message Posted: Feb 7, 2012 7:58:30 PM
Raise the dividend
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52MPG
Champion Author
Dayton
Posts:5,430
Points:1,380,305
Joined:Apr 2006
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Message Posted: Feb 7, 2012 5:36:06 PM
High gas prices have to go somewhere.
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ObieDog
All-Star Author
Maryland
Posts:971
Points:525,120
Joined:Sep 2010
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Message Posted: Feb 7, 2012 10:41:41 AM
Oops, they did it again.
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WalkingWV
Champion Author
West Virginia
Posts:2,374
Points:509,795
Joined:May 2008
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Message Posted: Feb 7, 2012 4:29:48 AM
obscene
x-rated
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acvw74
All-Star Author
Illinois
Posts:525
Points:337,125
Joined:Apr 2011
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Message Posted: Feb 7, 2012 1:24:18 AM
9.4 Billion....
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Eliano
Champion Author
Baltimore
Posts:1,396
Points:272,925
Joined:Jun 2011
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Message Posted: Feb 7, 2012 1:14:05 AM
ok
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doeslayersr
Champion Author
Illinois
Posts:5,804
Points:508,150
Joined:Dec 2010
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Message Posted: Feb 7, 2012 1:09:22 AM
Do not hear any outrage about the 17%+ NET profit which UPS posted, which by the way dwarfed the profit of virtually every oil company, both in pure percentage and just plain dollars.
Nothing but a bunch of mind numbed dunderhead robots reading from your talking points memos.
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nurdco
Champion Author
Colorado Springs
Posts:7,216
Points:1,330,310
Joined:Apr 2008
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Message Posted: Feb 6, 2012 11:27:20 PM
GREED...
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Pozole
Champion Author
Portland
Posts:7,216
Points:1,230,575
Joined:Mar 2005
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Message Posted: Feb 6, 2012 10:36:24 PM
...is that all ?...poor little hosers...
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OWENALOTT
Champion Author
Appleton
Posts:1,420
Points:347,970
Joined:Apr 2011
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Message Posted: Feb 6, 2012 7:50:08 PM
That is a very nice profit. All from higher gas prices?
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LilRedWagonIN
Champion Author
Indiana
Posts:5,932
Points:1,204,575
Joined:Oct 2008
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Message Posted: Feb 6, 2012 5:22:25 PM
A goof-ball article written by a goof-ball reporter working for a goof-ball dot com company. Who compares a company's quarterly income with some random country's GNP. Ah, let's look on a website that will list countries' annual GNP and for fun, compare it with a company we don't like, because we hate the free enterprise system.
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joekayak
All-Star Author
Massachusetts
Posts:756
Points:405,040
Joined:May 2010
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Message Posted: Feb 6, 2012 4:39:03 PM
I'd gladly take the .4 billion off their hands so that they don't have to deal with decimals.
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majormarket
All-Star Author
Houston
Posts:588
Points:521,610
Joined:May 2008
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Message Posted: Feb 6, 2012 4:22:40 PM
No matter how you slice it, $9.4 billion in a quarter is a lot of cash.
Yet, as a fervent capitalist, I don't have much pity for Big Oil when they beg for more tax breaks while millions of Americans wonder how to put food on the table.
I'm just hoping they will reward their shareholders with some of this bonanza. To paraphrase Mitt Romney, shareholders are people, too. :)
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aquarinut
Champion Author
British Columbia
Posts:1,193
Points:274,025
Joined:Jul 2011
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Message Posted: Feb 6, 2012 4:02:18 PM
I definitely am not a greenie, tree hugging, 1%'er!!!
But...... $9.4 BILLION NET INCOME!!! In one quarter!!
Even if the NET profit were $8 billion, that would be impressive as heck! If only they could afford the $1.4 billion dollars to help lower the price of domestic gas,,,, then I would be really impressed!
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djvanbeek45
Sophomore Author
Twin Cities
Posts:102
Points:308,370
Joined:Sep 2010
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Message Posted: Feb 6, 2012 3:26:17 PM
This is highway robbery at its finest.
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tnfran
Champion Author
Arizona
Posts:2,546
Points:492,740
Joined:Dec 2010
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Message Posted: Feb 6, 2012 2:02:01 PM
AND ALL ON SELLING LESS PRODUCT!!!!!!!!!!!!!!!
GREEDY THIEVES!!!!!!
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drpepperTX
Champion Author
Texas
Posts:4,901
Points:391,280
Joined:Apr 2011
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Message Posted: Feb 6, 2012 1:58:37 PM
As kx250 points out, a 7 73% profit margin and the whiners come out.
XOM PROFIT MARGIN
Displayed as a percentage, profit margin can be thought as the amount of profit that a company keeps per dollar of revenue. For example, if a company has a profit margin of 7.73%, the company keeps $.0773 of each dollar of revenue.
That's right 7 and 3/4 pennies out of every dollar of revenue.
PIG GOVERNMENT loves ya now baby!
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Joeski1
Champion Author
New Jersey
Posts:7,449
Points:1,377,735
Joined:Dec 2004
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Message Posted: Feb 6, 2012 1:39:48 PM
are the numbers incorrect??
did msnbc make them up??
what numbers did exxon/mobil give??
[Edited by: Joeski1 at 2/6/2012 7:40:25 PM EST]
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DerHahn
Champion Author
Illinois
Posts:11,741
Points:1,755,885
Joined:May 2004
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Message Posted: Feb 6, 2012 12:51:28 PM
almost 10 billion in profit in a 3 month period yet they complain that an increase in taxes would take away from the profit margin. let me get my violin.
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bigmoo63
All-Star Author
Kalamazoo
Posts:881
Points:56,300
Joined:Nov 2009
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Message Posted: Feb 6, 2012 12:49:31 PM
Look at the source MSNBC. Not exactly fair and balanced either.
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nels1jac
Veteran Author
Minnesota
Posts:394
Points:299,850
Joined:May 2011
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Message Posted: Feb 6, 2012 12:39:16 PM
Good for them, they deserve it...
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BJWI
Champion Author
Milwaukee
Posts:4,192
Points:372,290
Joined:May 2011
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Message Posted: Feb 6, 2012 11:58:20 AM
I am not against capitalism or companies making a profit. However, I am against market manipulation, price fixing, and excessive profits that hinders our country's economic growth. Remember the saying, sometimes you need to sacrifice the few to save the many. In this case, the few could have been the penny per share profit above expectation that was already based on record profits.
People who claim, "Stockholders have a right to make a profit" are wrong, stockholders do not have a RIGHT to a profit, they have an EXPECTATION that a company will make a profit.
BTW - the article was old news that was published more than 6 days ago at least.
[Edited by: BJWI at 2/6/2012 5:59:49 PM EST]
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Lugi1967
Champion Author
Ohio
Posts:3,107
Points:646,870
Joined:Jun 2010
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Message Posted: Feb 6, 2012 11:51:47 AM
Of course they did We all helped pad their bank account
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buckets42
All-Star Author
New Jersey
Posts:993
Points:191,845
Joined:Oct 2011
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Message Posted: Feb 6, 2012 11:15:29 AM
Wow.
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MotherNatureCT
Sophomore Author
Connecticut
Posts:193
Points:59,475
Joined:Dec 2011
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Message Posted: Feb 6, 2012 10:58:40 AM
They are spitting in our faces all the way to the bank....
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drpepperTX
Champion Author
Texas
Posts:4,901
Points:391,280
Joined:Apr 2011
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Message Posted: Feb 6, 2012 10:56:12 AM
LOL, this news is old, but I guess the oil haters have nothing better to post.
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humblepie
Champion Author
Toledo
Posts:17,240
Points:2,007,270
Joined:Mar 2006
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Message Posted: Feb 6, 2012 10:42:37 AM
now lets here all the GREED cry babies
this company employes hundred of thousands of people
unlike solyndra.............
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mwc407
All-Star Author
North Carolina
Posts:807
Points:334,340
Joined:Jan 2011
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Message Posted: Feb 6, 2012 10:39:38 AM
If you can't beat em - join em. Buy those oil stocks now and get in on the profits. You rarely see big oil losing money.
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kx250
Champion Author
Michigan
Posts:1,406
Points:767,925
Joined:Oct 2008
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Message Posted: Feb 6, 2012 10:17:31 AM
Here we go again. Exxon mobil profit 7.7%, Apple (who apparently can't afford to assemble i-phones in America) 28%
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paguy2012
Sophomore Author
Pennsylvania
Posts:109
Points:21,885
Joined:Jan 2012
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Message Posted: Feb 6, 2012 10:07:55 AM
The way the oil industry has been pushing up prices, I'm surprised they didn't post higher profits. They must be sending more on management bonuses!
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bandannaman
Champion Author
New Jersey
Posts:1,129
Points:220,645
Joined:Dec 2010
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Message Posted: Feb 6, 2012 10:00:44 AM
Tough quarter
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