05-05-08, 07:52 PM
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#7
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Navy Seal 
Join Date: Nov 2005
Location: Houston, TX
Posts: 9,404
Downloads: 105
Uploads: 1
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Quote:
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Originally Posted by Ducimus
If fuel prices were going up to maintain the status quo on profit margins, i can understand that. HOWEVER, in this day and age when prices are going up, and they keep announcing record breaking profits, thats f'ing bullschitt, and the smell is coming from big oil.
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Look at Exxon's average profit margin after taxes for the past 5 years (10.6%) and compare it to their profit margin for the last quarter (11.23%). I don't think it's ridiculously out of line.
http://finapps.forbes.com/finapps/js...os.jsp?tkr=xom
http://finance.yahoo.com/q/ks?s=XOM
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