Exxon Mobil made nearly $1,500 per second

[Enigma]

Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter. That profit works out to $1,485.55 a second. That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007.

http://money.cnn.com/2008/07/31/news/companies/exxon_profits/index.htm?cnn=yes

[Stealth Hunter]

Jesus Christ Bananas!:o :o :o :o :o

[TDK1044]

The article doesn't attempt to differentiate between profit and profit margin. To do so would produce a much less explosive article, because once people understand the difference between them, they can then see how much money is actually being made on every Dollar of sales.

[AVGWarhawk]

The article doesn't attempt to differentiate between profit and profit margin. To do so would produce a much less explosive article, because once people understand the difference between them, they can then see how much money is actually being made on every Dollar of sales.

Absolutely correct.

[FIREWALL]

I could care less.:yep:

My car runs on recycled tv remote control batteries.:p

[Jimbuna]

I created a mod ingame and replenish batteries for my car using the renown I earn :p

[SUBMAN1]

The article doesn't attempt to differentiate between profit and profit margin. To do so would produce a much less explosive article, because once people understand the difference between them, they can then see how much money is actually being made on every Dollar of sales.
Absolutely correct.
Yep. If you analyze Exxons profit margin, its about 12%. Much lower than many other companies.

-S

[Platapus]

The article doesn't attempt to differentiate between profit and profit margin. To do so would produce a much less explosive article, because once people understand the difference between them, they can then see how much money is actually being made on every Dollar of sales.


Well this would be an excellent chance to educate people on the differences. Care to learn us a few things about profit terminology? :D

[AVGWarhawk]

The article doesn't attempt to differentiate between profit and profit margin. To do so would produce a much less explosive article, because once people understand the difference between them, they can then see how much money is actually being made on every Dollar of sales.
Absolutely correct.
Yep. If you analyze Exxons profit margin, its about 12%. Much lower than many other companies.

-S

As they say, " Don't believe the hype!"

[Zachstar]

Yep the responses here are about what I expected.

Profit Margin.. Ok.. LoL

I'll just say I would not want to purchase stock from them right about now. They will not get ANWR or extra Drilling rights and their investments in Alt Energy research are pathetic.

Therefore regardless of ones flag waving political slant. These companies are dinos. They have chosen not to adapt and people arent buying the bull. That is what I call a looming business failure.

[Frame57]

The article doesn't attempt to differentiate between profit and profit margin. To do so would produce a much less explosive article, because once people understand the difference between them, they can then see how much money is actually being made on every Dollar of sales.
Absolutely correct.
Yep. If you analyze Exxons profit margin, its about 12%. Much lower than many other companies.

-SRight on Subman! I heard it was even lower than that. Who gets the rest of the money. Those are the real crooks here, but no one ever asks that one do they

[SUBMAN1]

Yep. One thing I find funny is America and it backwardness.

You are taught from day one to work hard and provide a great service.

You work hard and provide a great service and in the process you get rich

Now you are evil because you worked hard and did a great service and got rich for doing what they taught you to do!

Am I the only one that finds this ironic?

-S

[Enigma]

Yep. If you analyze Exxons profit margin, its about 12%. Much lower than many other companies.


...and this number comes from where?

[SUBMAN1]

Yep. If you analyze Exxons profit margin, its about 12%. Much lower than many other companies.

...and this number comes from where?Its a public company - hello? Look it up. The link is in the GT forum even.

-S

PS. Its even lower this year - 7.6% - Wow! - http://www.usnews.com/articles/business/economy/2008/02/01/exxons-profits-measuring-a-record-windfall.html

[Enigma]

Its a public company - hello? Look it up. The link is in the GT forum even.


Well, yeah. My point was that it's certianly lower than 12%. So, you know, it's kinda been proven recently that your credibility is pretty low, since you post B.S as fact, and given that you managed to go find yourself a number even lower than the initial 12% you posted, proves that perhaps you should take your own advice. As in:


Its a public company - hello? Look it up.



But, what do you need me for. You manage to make that point all by your lonesome. :up:

[SUBMAN1]

Its a public company - hello? Look it up. The link is in the GT forum even.

Well, yeah. My point was that it's certianly lower than 12%. So, you know, it's kinda been proven recently that your credibility is pretty low, since you post B.S as fact, and given that you managed to go find yourself a number even lower than the initial 12% you posted, proves that perhaps you should take your own advice. As in:


Its a public company - hello? Look it up.



But, what do you need me for. You manage to make that point all by your lonesome. :up:

Hahahaha! You are funny! I'd care to say your credibility is the one in question. All my numbers turn out to more or less true. You have yet to provide anything at all - in almost any post! What was that about credibility? Don't make me laugh when I'm trying to drink something. :D

And if my credibility is so low - prove it! :p

-S

[Zachstar]

Subman got Own3d

Then again those who defend oil companies in the face of such damning news do that to themselves anyway.

[SUBMAN1]

The hate subman list:

Enigma

Zachstar

Skybird

Thats for sure.

The Uneasy list I'd probably include Tchosky - though he is rather smart probably more or less likes to engage in conversation more than anything.

Thats about it, or did i miss somebody?

-S

[Enigma]

Hate is a strong word. I just think your a giant putz.

The Obama quote thread sealed the deal for most of the folks here, Sub. Mod's saved your ass on that one. You took a pretty good whoopin....

Anyway, OT. Back to discussing how Exxon are misunderstood angels.

[SUBMAN1]

Hate is a strong word. I just think your a giant putz.

The Obama quote thread sealed the deal for most of the folks here, Sub. Mod's saved your ass on that one. You took a pretty good whoopin....

Anyway, OT. Back to discussing how Exxon are misunderstood angels.Glad you cleard that up for me because I don't remember getting a good whipping! :D I don't even remember the thread!

-S

[Enigma]

How convenient.

[SUBMAN1]

How convenient.I'm sorry. Maybe it made a big impression on you somehow, but thats easy to do.

-S

[Mikhayl]

It's hard to keep track of things in your never ending stream of BS eh ? :D

[SUBMAN1]

It's hard to keep track of things in your never ending stream of BS eh ? :DOh - add one more to the list. Sorry!

-S

[Zachstar]

I could care less if they are angels or dudes in devil costumes smoking cuban cigars. It's the trying to defend the actions of dinos that annoys me.


And yes they are dinos. They have the funds to really change the energy landscape yet they fiddle fart with funds. They are sealing the deal with PR disasters, Congressional failings and being related to a president who cant say Nuclear right and is outright hated by many Americans to the point where counties have warrants for his arrest.

It's like the fanboys defending Sony when they completely failed to hold on to IMPORTANT exclusives and failed to sweep the market when its competitor was a console who's daddy was mainly bought to hack into media centers.

[Zachstar]

It's hard to keep track of things in your never ending stream of BS eh ? :DOh - add one more to the list. Sorry!

-S
Stop calling out members.

[SUBMAN1]

I could care less if they are angels or dudes in devil costumes smoking cuban cigars. It's the trying to defend the actions of dinos that annoys me.


And yes they are dinos. They have the funds to really change the energy landscape yet they fiddle fart with funds. They are sealing the deal with PR disasters, Congressional failings and being related to a president who cant say Nuclear right and is outright hated by many Americans to the point where counties have warrants for his arrest.

It's like the fanboys defending Sony when they completely failed to hold on to IMPORTANT exclusives and failed to sweep the market when its competitor was a console who's daddy was mainly bought to hack into media centers.Sorry for going against you. I don't have a problem with the big profits. Its is not really their fault, but the speculators fault! The ex Enron guys. That is what irks me if you really want to know.

-S

[SUBMAN1]

It's hard to keep track of things in your never ending stream of BS eh ? :DOh - add one more to the list. Sorry!

-S
Stop calling out members Subman.Excuse me? I am the one being called out here. i didn't start this! But I am taking notes.

-S

[Zachstar]

The hate subman list:

Enigma

Zachstar

Skybird

Thats for sure.

The Uneasy list I'd probably include Tchosky - though he is rather smart probably more or less likes to engage in conversation more than anything.

Thats about it, or did i miss somebody?

-S

This is calling out

[Zachstar]

Oh for heavens sake SubMan PLEASE tell me you do not believe in that speculation conspiricy theory!!

[SUBMAN1]

The hate subman list:

Enigma

Zachstar

Skybird

Thats for sure.

The Uneasy list I'd probably include Tchosky - though he is rather smart probably more or less likes to engage in conversation more than anything.

Thats about it, or did i miss somebody?

-S
This is calling outYes - but that is after the above posts. Go a little farther back! Start with Enigma. Then you joined him.

or did you forget already?

-S

[Enigma]

Excuse me? I am the one being called out here. i didn't start this! But I am taking notes.

Like Santa!

[SUBMAN1]

Oh for heavens sake SubMan PLEASE tell me you do not believe in that speculation conspiricy theory!!I do. Did you listen to the Enron guys when they were laughing on the phone about cutting the power in Cali? They were all bailing and they said they were all going into oil. Guess what? They did!

-S

[Zachstar]

Even if that was the case aren't you acting a bit childish?

HE DID IT SO I DID IT TOO!!111!one

#1 Saying I hate you is libel. An untrue statement or an opinion stated as fact.

#2 Lists of members or things related to that cause flame wars and factions to form. Thus banned on many forums.
etc..

[SUBMAN1]

For you Zachstar because I am trying to have a normal conversation regardless that you guys feel the need to attack me.

This is a very left leaning magazine. Skybirds favorite. Skybird even posted this article here before in the GT thread, but I am reposting it for you so you know where I am coming from:

http://www.spiegel.de/international/business/0,1518,538412,00.html

-S

[Zachstar]

Oh for heavens sake SubMan PLEASE tell me you do not believe in that speculation conspiricy theory!!I do. Did you listen to the Enron guys when they were laughing on the phone about cutting the power in Cali? They were all bailing and they said they were all going into oil. Guess what? They did!

-S

Oh man *sigh*.......

So you are one of these people who thinks the value of oil is under 100 and "dark markets" are conspiring to raise prices and destroy the poor?

[SUBMAN1]

Even if that was the case aren't you acting a bit childish?

HE DID IT SO I DID IT TOO!!111!one

#1 Saying I hate you is libel. An untrue statement or an opinion stated as fact.

#2 Lists of members or things related to that cause flame wars and factions to form. Thus banned on many forums.
etc..No - not at all. Just defending myself. This is what is childish:

Subman got Own3d

Then again those who defend oil companies in the face of such damning news do that to themselves anyway.

-S

[SUBMAN1]

Oh man *sigh*.......

So you are one of these people who thinks the value of oil is under 100 and "dark markets" are conspiring to raise prices and destroy the poor?
See my Skybird / Spiegel post.

it has nothing to do with destroying the poor, but raping everyone for their last cent by a few evil people.

-S

[Zachstar]

For you Zachstar because I am trying to have a normal conversation regardless that you guys feel the need to attack me.

This is a very left leaning magazine. Skybirds favorite. Skybird even posted this article here before in the GT thread, but I am reposting it for you so you know where I am coming from:

http://www.spiegel.de/international/business/0,1518,538412,00.html

-S

I will trudge through this pile of crap but I can already tell it is exactly that.

Anyone saying there is "dark markets" etc.. Is just trying to find excuses to not face the cold hard fact that cheap oil is running out. That China is growing faster than you can say "WTF mate!" It is a REAL problem on forums like DU when data showing quota failures from OPEC from Russia and other areas is often laughed by a small group at and said is made up "just in time" to raise prices.

The real value of oil is over 100 USD. Accept it! Move on!!

[Mikhayl]

Spiegel, "very left leaning magazine" ? :doh:

[SUBMAN1]

I will trudge through this pile of crap but I can already tell it is exactly that.

Anyone saying there is "dark markets" etc.. Is just trying to find excuses to not face the cold hard fact that cheap oil is running out. That China is growing faster than you can say "WTF mate!" It is a REAL problem on forums like DU when data showing quota failures from OPEC from Russia and other areas is often laughed by a small group at and said is made up "just in time" to raise prices.

The real value of oil is over 100 USD. Accept it! Move on!!Well read it and take it or leave it. It is only 2 pages long. It opens up your eyes to many things. I'm not saying the oil companies don't like what happened, but they are not the cause, just one of the benefactors.

-S

[Zachstar]

Ok I read that pile of horse droppings and now my eyes want to bleed.

This is the same type of conspiricy style writing that the moon hoaxers use.

BTW, The next time you want to display a news item as "evidence" please be sure it is atleast semi-recent.

Wooo man subman I just do not know what to say. First GW is a conspiricy and now Oil prices are a conspiracy.


In my view and I am not a doctor so it is an opinion. I think you need to get examined. You know.. See if the clock is turning clockwise up there?

[SUBMAN1]

Ok I read that pile of horse droppings and now my eyes want to bleed.

This is the same type of conspiricy style writing that the moon hoaxers use.

BTW, The next time you want to display a news item as "evidence" please be sure it is atleast semi-recent.

Wooo man subman I just do not know what to say. First GW is a conspiricy and now Oil prices are a conspiracy.


In my view and I am not a doctor so it is an opinion. I think you need to get examined. You know.. See if the clock is turning clockwise up there?Feb 2008 is fairly recent.

Why don't you ask Skybird about it since i cannot obvioulsy open your eyes to anything no matter how overwhelming the evidence. You think I'm too far right to have a correct opinion, so ask someone who is really far left what they think. Sound like an idea? It is the only way to see eye to eye.

-S

[Zachstar]

Ok first of all I am no fan of Skybird's.. I don't know where you got that idea but regardless it is wrong.

2nd I am not some "Far Left" person. I am a "Progressive" Which is right of liberal and slightly left of libertarian. Get it right!

And there is no "Eye Opening" on this. I have done my homework. And what is causing the prices is not "dark markets" but falling supply (Like the recent OPEC quota failure) and RAPIDLY growing demand (Recent article about citizens of china falling in love with SUVs and Trucks)

[SUBMAN1]

Ok first of all I am no fan of Skybird's.. I don't know where you got that idea but regardless it is wrong.

2nd I am not some "Far Left" person. I am a "Progressive" Which is right of liberal and slightly left of libertarian. Get it right!

And there is no "Eye Opening" on this. I have done my homework. And what is causing the prices is not "dark markets" but falling supply (Like the recent OPEC quota failure) and RAPIDLY growing demand (Recent article about citizens of china falling in love with SUVs and Trucks)Then you didn't do your homework as you claim.

-S

[VipertheSniper]

Spiegel, "very left leaning magazine" ? :doh:

I guess for citizens of the US of A, almost any magazine from Continental Europe might appear very left leaning (although I can only speak from experience with Austrian, German and English magazines here)

Heh, I've read the report in the paper back then, and since then, the allegations that dealers and speculators are driving up the price were proven, just need to find a link to the actual report of the research that was undertaken to prove it.

Damn, can't find it, should've kept the newspaper I've read that in as reference to search in the right places.

[SUBMAN1]

Spiegel, "very left leaning magazine" ? :doh:
I guess for citizens of the US of A, almost any magazine from Continental Europe might appear very left leaning (although I can only speak from experience with Austrian, German and English magazines here)You're probably right. We see things differently over here. Are left probably looks like your right over there.

-S

[Zachstar]

Ok first of all I am no fan of Skybird's.. I don't know where you got that idea but regardless it is wrong.

2nd I am not some "Far Left" person. I am a "Progressive" Which is right of liberal and slightly left of libertarian. Get it right!

And there is no "Eye Opening" on this. I have done my homework. And what is causing the prices is not "dark markets" but falling supply (Like the recent OPEC quota failure) and RAPIDLY growing demand (Recent article about citizens of china falling in love with SUVs and Trucks)Then you didn't do your homework as you claim.

-S

Don't borrow every statement from Alex Jones... Or the Moon Hoaxers..

[SUBMAN1]

Don't borrow every statement from Alex Jones... Or the Moon Hoaxers..I'm not quite who these people are. I'm sure you will tell me if i ask though since I think you brought it up somewhere else.

-S

[Zachstar]

Why so you can forget it again? Wiki it Subman! And bookmark it!

I tire debating with conspiricy theorists. Only time removes the movements not reason. You want to believe GW is a conspiricy and the "dark markets" are out to get us go RIGHT ahead. I'm done and I am sure many others on subsim are done reading the idiocy as well.

Whats next Subman? Democrats paying for Chemtrails so we vote for Obama?

[SUBMAN1]

Why so you can forget it again? Wiki it Subman! And bookmark it!

I tire debating with conspiricy theorists. Only time removes the movements not reason. You want to believe GW is a conspiricy and the "dark markets" are out to get us go RIGHT ahead. I'm done and I am sure many others on subsim are done reading the idiocy as well.

Whats next Subman? Democrats paying for Chemtrails so we vote for Obama?I'm not going to take the time. Either you do it for me, or I don't really care! I'm probably not alone in asking this question I would bet either!

-S

[Zachstar]

Of course you don't really care. Just like the moon hoaxers of old.

[SUBMAN1]

Of course you don't really care. Just like the moon hoaxers of old.Whatever. Suit yourself.

Nice picture by the way.

-S

[McBeck]

This thread is going nowwhere...closing.