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View Full Version : EXXON/Mobile $10 billion profit last quarter


tony hipchest
07-28-2006, 02:23 PM
stocks are at an all time high, the c.e.o. received a $400 million "golden parachute".

but if this excess profit is taxed the oil companies say they will just produce less, which will increase the price of gas. :dang:

isnt Vaseline made of petroleum? the least they could do is give that out for free before they f*** us!

Hammer67
07-28-2006, 03:45 PM
stocks are at an all time high, the c.e.o. received a $400 million "golden parachute".

but if this excess profit is taxed the oil companies say they will just produce less, which will increase the price of gas. :dang:

isnt Vaseline made of petroleum? the least they could do is give that out for free before they f*** us!

Seriously...that's crazy.

But, I think the market dictates the price of oil but I am sure they could cut prices on their end or at least reinvest some fo that money into improving refinery or buying reserves....

LambertIsGod58
07-28-2006, 07:50 PM
The amazing thing is we are talking about profit......Not sales! That means the supposed BS in the Middle East isn't really causing any of this. If there was an increase in costs to the oil companies, the profits wouldn't climb. It's all BS, but we as American consumers don't do anything about it.

tony hipchest
07-28-2006, 08:54 PM
i think you are correct lambert

Seriously...that's crazy.

But, I think the market dictates the price of oil but I am sure they could cut prices on their end or at least reinvest some fo that money into improving refinery or buying reserves.... actually it appears that its the profit margins and the ammount of gas the oil companies decide to produce is what dictates the price.

war could end. demand could decrease. but the profit margin all these rich oil tycoons have become accustomed to will ALWAYS remain the same. they pretty much stated as much

MasterOfPuppets
07-28-2006, 09:01 PM
i thought i heard o'reilly say 36 billion....

tony hipchest
07-28-2006, 09:19 PM
i thought i heard o'reilly say 36 billion....what i heard on the local news today was that oil companies overall posted about a 40 billion dollar increase in profit margins for all oil companies in general. this is just for the spring quarter!

Jeremy
07-28-2006, 09:27 PM
I think you should watch Syrianna. It will make you take a long hard look at how politics affect oil.

tony hipchest
07-28-2006, 09:42 PM
I think you should watch Syrianna. It will make you take a long hard look at how politics affect oil.
it is a movie i look forward to seeing despite several reviews saying its too difficult for the mass public to understand and not worth the bother. those type of reviews usually suggest theres something someone would rather you not see. big oil perhaps. God forbid if hollywood jumps in in tarnishing their image.

Maidenarcher
07-29-2006, 01:38 PM
I have whined and moaned about the gas prices just like everyone else. I have complained when I found out about the profits these oil and gas companies are making...
However, are you really interested in seeing gas prices drop?
Then stop driving gas guzzling automobiles. It comes down to basic supply and demand. This country is no where near being concerned about conservation. We seem to be very decadent with and in everything we do.
If we conserved a little more or drove fuel efficient automobiles, then the demand would decrease, which increases supply, which will make gas prices fall.

Hammer67
08-01-2006, 06:53 PM
I think you should watch Syrianna. It will make you take a long hard look at how politics affect oil.

Good movie but i never take anything i see from Hollywood as honest fact.

tony hipchest
11-02-2008, 02:16 PM
hmmmm....

2 years and a quarter later and EXXON is still recording RECORD profits. BP (british petroleum also recorded a record high in profits last week.

atleast with the recent drop in prices we all can afford our own jars of vaseline (im sure the price of that has shot through the roof though).

stillers4me
11-02-2008, 02:18 PM
hmmmm....

2 years and a quarter later and EXXON is still recording RECORD profits. BP (british petroleum also recorded a record high in profits last week.

atleast with the recent drop in prices we all can afford our own jars of vaseline (im sure the price of that has shot through the roof though).

Vaseline -100% White Petroleum

GBMelBlount
11-02-2008, 03:28 PM
hmmmm....

2 years and a quarter later and EXXON is still recording RECORD profits. BP (british petroleum also recorded a record high in profits last week.

atleast with the recent drop in prices we all can afford our own jars of vaseline (im sure the price of that has shot through the roof though).

Yep, government is making record profits too. They fleeced motorists for over $25,000,000,000 of pure profit for doing nothing. At least the oil companies invested, drilled, refined and got it to the pumps. The government just sat back like a fat, lazy POS and taxed the hell out of the american motorists. All reward, no risk. gotta love Uncle Sam.

tony hipchest
11-02-2008, 04:04 PM
yeah, cause roads and highways maintain themselves.

instead of constantly bitching about paying taxes, im thankful im not travelling via horse and buggy. i'd much rather fly cross country as opposed to taking the "oregon trail".

all things come with a cost.

RunWillieRun
11-02-2008, 04:35 PM
hmmmm....

2 years and a quarter later and EXXON is still recording RECORD profits. BP (british petroleum also recorded a record high in profits last week.

atleast with the recent drop in prices we all can afford our own jars of vaseline (im sure the price of that has shot through the roof though).



Capitalism BAD!!!

GBMelBlount
11-02-2008, 04:55 PM
yeah, cause roads and highways maintain themselves.

instead of constantly bitching about paying taxes, im thankful im not travelling via horse and buggy. i'd much rather fly cross country as opposed to taking the "oregon trail".

all things come with a cost.

Come on Tony. You think when you fill up a tank of gas and pay $10 in taxes that is how much road and highway you damaged? 25% of your gas price is tax. Pleeeaase.

Government is the most overpriced and worst quality product America produces and we're gonna get lots more of it if Obama wins.

tony hipchest
11-02-2008, 05:10 PM
where can i join the "whine about taxes" club.

as a smoker, i got 3 choices

whine about cigarette tax.
quit smoking and not pay them.
smoke away and pay the price.

if one doesnt like the gasoline tax, maybe they should quit driving and paying them.

or move to a different country where the current tax code isnt in place.

"freedom" to do whatever you want, when you want, doesnt come for free.

GBMelBlount
11-02-2008, 05:13 PM
where can i join the "whine about taxes" club.


It's next door to YOUR "Whine about capitalism and free markets" club. In fact, I'll stop over after my "taxes suck" meeting to meet you for a drink. :wave:

tony hipchest
11-02-2008, 05:20 PM
It's next door to the "Whine about capitalism and free markets" club. In fact, I'll stop over after my "taxes suck" meeting to meet you for a drink. :wave:actually the "whine about taxes club" is founded, sponsored and chartered by the members of the "capitalist and free markets" club. :noidea:

seriously, id like to join you great minds and find out what it is that youre drinking. its gotta be good! :drink:

"cigarettes dont cause cancer" :toofunny::toofunny::toofunny:

GBMelBlount
11-02-2008, 05:34 PM
seriously, id like to join you great minds and find out what it is that youre drinking. its gotta be good! :drink:



Sounds good Tony, then you can try to explain to my why oil companies giving me a great product at a fair price in a capitalistic society is worse than the government charging me 25% of the price of gas ($10 a tank!) to drive on a shitty road with potholes...... :thumbsup: And when they do get around to fixing the roads, there's 20 guys standing around pointing at the one worker and yelling at him to hurry up because they're behind schedule.

tony hipchest
11-02-2008, 06:00 PM
why oil companies giving me a great product at a fair price in a capitalistic society is worse .OPEC..... is that you?

GBMelBlount
11-02-2008, 06:08 PM
OPEC..... is that you?

The high prices of gas are more a result of 35 years of draconian energy polices by the left and excessive government taxes as opposed to Exxon's profit. We can argue this but you will find that I am right.

tony hipchest
11-02-2008, 06:17 PM
The high prices of gas are more a result of 35 years of draconian energy polices by the left and excessive government taxes as opposed to Exxon's profit. We can argue this but you will find that I am right.c'mon, admit it... in the name of free markets and capitalism you would prefer multi billion dollar a year corporations to be allowed continue to dump cancerous sludge into the allegheny, monongohelia, ohio, rivers in the name of profit, as opposed to expensive taxpayer paid govt regulations and enforcement.

GBMelBlount
11-02-2008, 06:35 PM
c'mon, admit it... in the name of free markets and capitalism you would prefer multi billion dollar a year corporations to be allowed continue to dump cancerous sludge into the allegheny, monongohelia, ohio, rivers in the name of profit, as opposed to expensive taxpayer paid govt regulations and enforcement.

It seems like you changed the direction of our discussion tony. Are you saying that the only reason the left can be blamed for skyrocketing gas prices is because of environmental regulations to protect us from sludge and cancer? You lost me. And are you saying that if they allowed more new drilling and refineries we would be somehow be overrun with the problems you are alluding too? I honestly don't follow you.

MACH1
11-02-2008, 06:42 PM
The dem's are the ones that voted for no new refineries, no new drilling.

tony hipchest
11-02-2008, 06:57 PM
You lost me. And are you saying that if they allowed more new drilling and refineries we would be somehow be overrun with the problems you are alluding too? I honestly don't follow you.why keep drilling and refining when cars can be fueled on water and hydrogen?

lobby's.

God forbid all that black gold in the ground become worthless.

lobbyests have their hands so deep in politicians pockets and there are still plenty of nuts that need to be tickled. just ask the bush's and their big oil ties (although i doubt you will get an honest answer).

GBMelBlount
11-02-2008, 07:58 PM
Tony, you're changing direction so fast I honestly can't keep up with you. You bumped a very old thread to demonize Exxon's profits and I told you the government and draconian left wing energy policies for the last 35 years are far more to blame for high gas prices.

Your first response pertained to sludge and cancer, now your talking about water and hydrogen and lobbyists and bush. And you're the one accusing me of having too much too drink? :chuckle:

tony hipchest
11-02-2008, 10:14 PM
...I honestly can't keep up....:

congrats! :drink:

your the 1st person ive actually encounted (EVER) who tried to justify americans paying $4/gallon at the pump. :thumbsup:

Preacher
11-02-2008, 10:28 PM
why keep drilling and refining when cars can be fueled on water and hydrogen?

lobby's.

God forbid all that black gold in the ground become worthless.

lobbyests have their hands so deep in politicians pockets and there are still plenty of nuts that need to be tickled. just ask the bush's and their big oil ties (although i doubt you will get an honest answer).

Nope.

Not lobbies...

The technology hasn't stabilized in the market yet. What do I mean by that?

Will the cars be straight Hydrogen fuel cell cars? If so, then the infrastructure of filling stations must be built to support the cars. Or by electrolyzed water? But then, what about all the money that WAS put into fuel cell stations (gov. Schwarzenegger is already trying to get 200 Billion in the stations built). Or will there be dual use motors, whereby the transition can be made easier and a bit slower (allowing fueling stations to make the switch). On top of that, auto companies are not going to invest the money in the infastructure to build the cars until these market questions settle themselves out. Furthermore, not many will by until it settles itself out, because no one wants to get caught leaning the other way.

Beta vs. VHS. Hi Def DVD vs. BLU Ray. When you buy the wrong one, it is useless after a little while. Who wants to take that risk with a 20,000 dollar plus purchase?

Don't push "Evil Oil" what can be more easily applied to the process of transition.

Here is a link talking about some of different modes of cars that may be offered...

http://www.hydrogencarsnow.com/

Here is an example of a tri-flex car that is trying to allow the what I talked about above... http://www.hydrogencarsnow.com/ford-superchief-f250-pickup.htm

GBMelBlount
11-02-2008, 10:50 PM
congrats! :drink:

your the 1st person ive actually encounted (EVER) who tried to justify americans paying $4/gallon at the pump. :thumbsup:

I'm just saying, if you break it down and analyze it, our energy policy for the last 35 years and taxes on gas ( $.47 / gallon ) are larger culprits than Exxon's profit. The scary thing is that Obama is getting away with demonizing "excess" profits which sounds awfully socialistic to me, yet he has no problem increasing the income of the largest and worst run corporation in the world (the U.S government) by one trillion dollars as soon as he is elected and doesn't think twice. sounds fishy to me.

GBMelBlount
11-02-2008, 11:17 PM
Btw, what is their profit percentage? 10%? Is that excessive? Not to mention 41% (almost half!) of their profits goes to the government! The government taxed Exxon for $30 BILLION dollars last year. Now THAT is "excessive".

tony hipchest
11-02-2008, 11:31 PM
....the largest and worst run corporation in the world (the U.S government) .....

i, in the other hand, am proud to be an american and think were the best run corporation in the world. :usa: (though not w/o some faults)

tell me GB were you a big fan of enron? cause it sure sounds like you were.

*insert lee greenwood song here*

tony hipchest
11-02-2008, 11:35 PM
Btw, what is their profit percentage? 10%? Is that excessive? Not to mention 41% (almost half!) of their profits goes to the government! The government taxed Exxon for $30 BILLION dollars last year. Now THAT is "excessive".why dont you look it up :noidea: and you tell me, as you try to convince the rest of us that corporations shouldnt pay any tax because of capitalism and free enterprize...

:doh:

KeiselPower99
11-03-2008, 02:02 AM
Only thing people talk about is profit. They neglect to mention the billions they pay for that oil. Syriania isnt bad at all. I need to rewatch it to get the full effect.

Preacher
11-03-2008, 02:30 AM
i, in the other hand, am proud to be an american and think were the best run corporation in the world. :usa: (though not w/o some faults)

tell me GB were you a big fan of enron? cause it sure sounds like you were.

*insert lee greenwood song here*

Being an american and wanting a big government has nothing in common with each other...

Its a logical fallacy.

And by the way.... government ITSELF is a horribly ran corporation. Whether it is an American government or not. But please, find another govt. that wastes as much money as our does studying the third toe of the two toed horse deer fly... but of course they can't find it... So now its a global warming issue because the fictional creature is now extinct, so the govt. gives another few billion to study the extinction process and how global warming affected it... :rolleyes:.

GBMelBlount
11-03-2008, 06:43 AM
i, in the other hand, am proud to be an american and think were the best run corporation in the world. :usa: (though not w/o some faults)

tell me GB were you a big fan of enron? cause it sure sounds like you were.

*insert lee greenwood song here*

It's funny Tony, you bring up very specific Incidents like Enron and project that as something I endorse, yet you never discuss the most corrupt business in our country, the U.S. government. It is a cesspool of corruption that is documented all over the paper and news every day. It's embarrassing that you are trying to paint greed and corruption as a trait of capitalism when it is simply a human trait equally possessed by those in government and you know it.

The point is, I would rather have less government and problems like Enron than government solutions by arrogant social engineers like Obama, an attorney who has never even run a successful business and you foolishly want to put in charge of the biggest, worst run business in this country, our government, and his first order of business is to take another trillion dollars at gunpoint and make it even bigger. In the REAL world when a business is failing, you make cut backs and fix the problems before you throw a trillion new dollars into it.......

I am proud to be an American too tony. I believe in the principles on which this country was founded. Where I think we are different is that I believe what makes us the greatest country is that people are inherently good, and if allowed the freedom and opportunity to work hard, better themselves and keep what the earn, we will always be better off. You on the other hand, appear to believe that more money being taken from those who have earned it and redistributed will somehow make things better. Your posts smack of class envy and that capitalism exploits the workers. My beliefs are based on sound and proven economic principles, yours and Obama's are not.