Exxon Mobil made nearly $1,500 per second

Enigma · 07-31-08, 08:10 AM

Quote:

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...ex.htm?cnn=yes

Stealth Hunter · 07-31-08, 08:24 AM

Jesus Christ Bananas!

TDK1044 · 07-31-08, 08:37 AM

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 · 07-31-08, 08:52 AM

Quote:

Originally Posted by 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.

Absolutely correct.

FIREWALL · 07-31-08, 08:56 AM

I could care less.

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

Jimbuna · 07-31-08, 09:14 AM

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

SUBMAN1 · 07-31-08, 10:11 AM

Quote:

Originally Posted by AVGWarhawk

Quote:

Originally Posted by 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.

Absolutely correct.

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

-S

Platapus · 07-31-08, 01:51 PM

Quote:

Originally Posted by 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.

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

AVGWarhawk · 07-31-08, 02:16 PM

Quote:

Originally Posted by SUBMAN1

Quote:

Originally Posted by AVGWarhawk

Quote:

Originally Posted by 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.

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 · 07-31-08, 02:36 PM

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 · 07-31-08, 02:38 PM

Quote:

Originally Posted by SUBMAN1

Quote:

Originally Posted by AVGWarhawk

Quote:

Originally Posted by 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.

Absolutely correct.

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

-S

Right 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 · 07-31-08, 03:36 PM

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 · 07-31-08, 03:50 PM

Quote:

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

...and this number comes from where?

SUBMAN1 · 07-31-08, 03:51 PM

Quote:

Originally Posted by Enigma

Quote:

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/busin...-windfall.html

Enigma · 07-31-08, 04:31 PM

Quote:

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:

Quote:

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.

07-31-08, 08:56 AM	#5
FIREWALL Eternal Patrol Join Date: Mar 2006 Location: CATALINA IS. SO . CAL USA Posts: 10,108 Downloads: 511 Uploads: 0	I could care less. My car runs on recycled tv remote control batteries.:p __________________ RIP FIREWALL I Play GWX. Silent Hunter Who ???

07-31-08, 09:14 AM	#6
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,473 Downloads: 63 Uploads: 13	I created a mod ingame and replenish batteries for my car using the renown I earn :p __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

07-31-08, 02:36 PM	#10
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	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. __________________

07-31-08, 03:36 PM	#12
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	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 __________________

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

07-31-08, 08:24 AM	#2
Stealth Hunter Silent Hunter Join Date: Nov 2006 Location: Y'ha-Nthlei Posts: 4,262 Downloads: 19 Uploads: 0	Jesus Christ Bananas!

07-31-08, 08:37 AM	#3
TDK1044 Ocean Warrior Join Date: Mar 2005 Location: Georgia, USA Posts: 2,674 Downloads: 25 Uploads: 0	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.