Bullsh*t OIl Company Profits

[sandor_]

fact:

Exxon made $10.49 billion profit on $99.59 billion in revenue last quarter.

thats a 10.53% return.




we (people) bitch and bitch and bitch about the "reocrd" profits for oil companies. this is the second highest profit ever for a publicly traded 'Murikan company.




fact 2:

Apple made $549 million profit on $4.84 billion in revenue last quarter.

thats an 11.34% return






what does this mean? it means Apple Computers is MORE profitable than the MOST profitable oil compnay. While the actual dollar amount of profits are high, the amount of money the oil companies need to spend is extrodinarily high.



So, quit bitching about oil compnaies total profit # and start looking at the return on investment, my 401k makes more than 10% return in any given quarter.

[Viper007Bond]

Not to mention Apple doesn't have to go dig random holes in the ground to find PCs nor do they have to build tubes for their product to be transported in, although Apple's products do hook up to a series of tubes...

[ESPNSTI]

I'm kind of curious what their % was during the time gas was cheap, any idea?

My 401k is currently at a 12.21% return for the year overall, and one of my funds is at 20.40%.

[jeffy777]

Regardless of percentages, the companies are still greedy sleezeballs

[sandor_]

Originally Posted by jeffy777

Regardless of percentages, the companies are still greedy sleezeballs

as is the vast majority of corporate america. especially at the companies we think are "good" (look at the once heralded Enron, heros of the people, who were secretly stealing from them all)

[jeffy777]

Originally Posted by sandor_

as is the vast majority of corporate america. especially at the companies we think are "good" (look at the once heralded Enron, heros of the people, who were secretly stealing from them all)

Yeah, but this topic is about oil companies, so let's concetrate on that portion of the corporate sleeze

[sandor_]

Originally Posted by ESPNSTI

I'm kind of curious what their % was during the time gas was cheap, any idea?

My 401k is currently at a 12.21% return for the year overall, and one of my funds is at 20.40%.

Q4 2005 was the most profitable point for Exxon - $10.7 billion, only 10.75 return however.


Q4 1999 Exxon made $2.7 billion on $55.9 billion - 4.8% return.



this graph puts it all in perspective (% return) Yes, the graph is compiled by the oil companies, but all data is from Pricewaterhouse Coopers!!

[sandor_]

Originally Posted by jeffy777

Yeah, but this topic is about oil companies, so let's concetrate on that portion of the corporate sleeze

coolio.

then we go right to the heart of the sleaze - OPEC. ----->

Hmmm, prices are dropping a little too much. Let's cut output tomorrow by 1.2 million barrels a day.

a day passes.


Hmm, we just changed our mind. Right now we are instituting a 2 million barrel a day cut.

[epp_b]

Oh, c'mon, you know that oil execs are still a bunch of greedy sleazebags...

[sandor_]

Originally Posted by epp_b

Oh, c'mon, you know that oil execs are still a bunch of greedy sleazebags...

no more so than any other industry.

[andrebsd]

Originally Posted by epp_b

Oh, c'mon, you know that oil execs are still a bunch of greedy sleazebags...

Exactly... Though I do wonder what the CEO compensation percentage was compared to other industrys. The oil company might make less percentage wise but I would think the CEO's & senior execs get paid very well.

[No Boss]

Originally Posted by sandor_

fact:

Exxon made $10.49 billion profit on $99.59 billion in revenue last quarter.

thats a 10.53% return.




we (people) bitch and bitch and bitch about the "reocrd" profits for oil companies. this is the second highest profit ever for a publicly traded 'Murikan company.




fact 2:

Apple made $549 million profit on $4.84 billion in revenue last quarter.

thats an 11.34% return






what does this mean? it means Apple Computers is MORE profitable than the MOST profitable oil compnay. While the actual dollar amount of profits are high, the amount of money the oil companies need to spend is extrodinarily high.



So, quit bitching about oil compnaies total profit # and start looking at the return on investment, my 401k makes more than 10% return in any given quarter.

Man, I loved you in "Thank You for Smoking"!

[jeffy777]

Originally Posted by sandor_

no more so than any other industry.

I don't know. They seem especially sleezy.

[sandor_]

capitalism capitalism capitalism


Exxon's CEO had a salary of $51 million in 2005.
high. but during his 12 year reign, the company's stock increased 500%


Pfizer's CEO raked in $16 million in '05. high, but his company's stock LOST 40% of its value over his 4 year reign.


IAC/Interactive's CEO made the most - $295 million. (expedia, etc)


Capital One's CEO raked in $249 million. thanks for the credit card interest.
(made $587 million off $3.05 billion in revenue last quarter - 19.27% return)



again, people bitch about oil companies making a 10% return, while they ignore their credit card company making a 20% return.... oil is only an "average" industry when it comes to profit margins.





capitalism capitalism capitalism.

[sandor_]

one last one for everyone

Last quarter Pepsico made $1.48 billion off $8.95 billion in revenue.

PepsiCo made 16.5% off your liquid consumption! oh the brutality! the god-less ness

[YF19pilot]

Originally Posted by jeffy777

I don't know. They seem especially sleezy.

That's just because the media moguls are focusing their attention on them. Enviromentalists want you to think they're the villians as a way to help push their reasoning for you to buy a Toyota Prius, or better yet, a Huffy. That and the fact that despite his push for funding of alternative fuels, they like to paint a tarnished picture with the fact that Pres. Bush has oil connections, and because Iraq has oil, we're gonna start pumping...

[Blind_Io]

So, just because another company is pulling our pants down makes it ok for all companies to do the same? Have you seen the prices for Macs? I was helping someone shop for a laptop and the BASE model from Apple was about $1,300! A smaller, more powerful laptop with more memory and HDD space from HP was only $700.

The difference is that with Apple you have a choice, with oil companies you don't. They don't seem to play by the same rules as everyone else and the entire industry is corrupt and price-fixing. In my home town of Salt Lake City we have three refineries, all of which were shut down at exactly the same time for "maintenance." Prices soared and our little city was higher than New York, L.A., or San Francisco; a total reversal of the trend to date. The actions were so suspicious that the Governor launched an investigation, which was stonewalled by all three companies.

"They are just like any other industry" my achin' ass.

[jeffy777]

Originally Posted by YF19pilot

That's just because the media moguls are focusing their attention on them.

No, I think it's just because they are sleazy No amount of percentage posting, excuses, etc. is going to cause me to have pity on the oil companies.

[klutch]

Don't forget that taxes constitute the bulk of what you pay at the pump. If you wanna go pointing fingers at the money-grabbing culprits, they're the ones you elected, they're the ones that claim to fight for lower prices, they're the ones that keep prices up. Its not OPEC; open your eyes.

[sandor_]

i'm not one to judge the morality/ethics of a corporation. i myself have non-traditional values, and would be viewed by most of the 'Murikan public as being souless and corrupt.


however, i think the over-reporting of the oil companies profits is ridiculous. page after page of Exxon hitting 10.5% returns, and little written about the cartel that is actually controlling daily production of petroleum.

let's see smaller more efficient cars in the US
let's see more alternative fuels
let's see an increase in the CAFE standards for once in 20 years
let's see increases in public transit monies
let's see a return to urban dwelling
let's see gas-guzzler taxes on SUvs
let's see increased taxes on gasoline
let's see a change in the energy policy in the here and now
let's see some of that $300+ billion dollars our congress has spent in a fruitless war in iraq invested into an energy policy that would actually raise our position in the world versus lower it
let's see the gov't drop the oil subsidies



i think the people in control of the markets (analysts, etc) are smart enough to see that oil companies profit margin is slim, and is simply a repayment for the decade of sub-5% returns. This is the reason that energy sector financial analysts aren't rejoicing at these profits, rather breathing a sigh of relieve, because the hundreds of billions of dollars of exploration expenditures made in the past are finally reaping some small amount of benefit.


in a free-market capitalist society, you cannot punish a public company for reaping profits-this is what the share holders are in it for. what you can do is change the policies of the gov't to adjust for a changes in the overall world market. this means change will only come through political means. this means your vote on november 7 is what matters, and bitching about oil companies while using electricity, gasoline, natural gas, plastic containers, plastic bags, etc is all moot.