Record Profits being reported already!

[Shrimpy]

Wow, 15. 7 Billion in just three months, the three oil companies are on a pace make 62. 8 Billion dollars in profit this year, that is just three of the oil companies. Forget about what the smaller ones are making and boy just think Shell and BP make almost as much as Exxon does each year so between those five companies, Exxon, Chevron, Conoco, Shell and BP they are looking at making 94. 2 Billion dollars off of motorist this year, and again that does not count all of the smaller oil companies that are recording record profits into the Billions as well, I bet with all of the companies combined motorists are looking at providing a good 130 Billion dollars to Big Oil in pure after all expenses have been paid profit.

john, your post are getting down right pathetic. With the exception of the 15. 7 billion number the rest is pure speculation. Have you become one of those idiot savants' (ala Rainman).



According to a "Right Wing Economist :-laf " The Feds made 26 BILLION off of Exxon/Mobils 89 billion gross revenue. 3 TIMES MORE THAN EXXON DID!!!!! To top that off, the never even got their hands dirty... ... ... .....



SOCIALIST------TAKING something from the one who produced it, and GIVING it to others who DID ABSOLUTELY NOTHING TO EARN IT!!!!!!!!





added in edit: The right wing Economist is Rich Noyse of the Media Research Center (mediaresearch dot org). Read it and weep panty waist socialist... ...







Jim

 

[john3976]

john, your post are getting down right pathetic. With the exception of the 15. 7 billion number the rest is pure speculation. Have you become one of those idiot savants' (ala Rainman).



According to a "Right Wing Economist :-laf " The Feds made 26 BILLION off of Exxon/Mobils 89 billion gross revenue. 3 TIMES MORE THAN EXXON DID!!!!! To top that off, the never even got their hands dirty... ... ... .....



SOCIALIST------TAKING something from the one who produced it, and GIVING it to others who DID ABSOLUTELY NOTHING TO EARN IT!!!!!!!!



Jim

In your world if the feds did not take their part of the tax, you would be the first one on this forum crying about how poor your roads are and why is there no bridge to get across the river, yada yada yada.



By the way yes I took the CURRENT PROFIT numbers and added them times 4 to come up with the Big Fives numbers for the year at their current rate.



But I bet it is damn close and you know it is, that is why you scream about them to try and discredit them when you have no facts on your side to dispute them. I used real numbers that to right up to date to come up with the figures.



Funny how you stomp and moan about the numbers and boast how fair it is for big oil to make all that money then when I take the numbers and push them out for the year you want to try and discredit them, now why is that?



You starting to get worried your stance on backing Big Oil and their obscene profits leave you no room to defend them any more?

 

[john3976]

One more thing, one item that worries me is Exxon sold more product yet made less money, that tells me they are now trying to reduce their profits to get people to stop looking at them, sell more make less, goes against everything each of you Big Oil backers have been crowing about, face the facts even Exxon knows it has to do something, they are just not going to do anything that helps their customer unless forced to do so by the government.

 

[nps]

Two words John - SHUT THE %$#& UP. (oops - guess that's 4 words). :{ :{

 

[Shrimpy]

I'm not worried one bit about Big Oils profits. I am intelligent enough to analyze the current situation, UNDERSTAND what is happening globally, and make an informed post. I have already said that oil WILL GO BACK DOWN. If it stays up long enough for alternative energy to grab a foothold, then katy bar the door in the coming 4 to 8 years.



Unlike the cloistered Socialist, who want big brother to solve ALL of their PERCEIVED unjustified acts by anyone, or entity THEY think is in the wrong.



No john, I'm not worried at all. I TRULY hope they combine for 100 BILLION PLUS... ... . just so whiners like you will have something to complain about. Lord knows trying to educate you bunch of meatheads has gone absolutely NO WHERE... ... .



Let a good cat 4 swing thru the gulf in late July and todays prices will seem like they were giving the stuff away... ...



Jim

 

[john3976]

Two words John - SHUT THE %$#& UP. (oops - guess that's 4 words). :{ :{

Facts can be a real b!&@&, ya think!

 

[john3976]

I'm not worried one bit about Big Oils profits. I am intelligent enough to analyze the current situation, UNDERSTAND what is happening globally, and make an informed post. I have already said that oil WILL GO BACK DOWN. If it stays up long enough for alternative energy to grab a foothold, then katy bar the door in the coming 4 to 8 years.



Unlike the cloistered Socialist, who want big brother to solve ALL of their PERCEIVED unjustified acts by anyone, or entity THEY think is in the wrong.



No john, I'm not worried at all. I TRULY hope they combine for 100 BILLION PLUS... ... . just so whiners like you will have something to complain about. Lord knows trying to educate you bunch of meatheads has gone absolutely NO WHERE... ... .



Let a good cat 4 swing thru the gulf in late July and todays prices will seem like they were giving the stuff away... ...



Jim

You have educated no one, all you have said is what every one already knows, Exxon has a 10% profit margin.



We have said that yes they do have a 10% profit margin but when you start making so much money off of 10% margins that you are breaking all records for profits of any business of any kind in the United States of America, then you can afford to lower your profit margin and give back some of what you are making to the customer.



Like I have posted and you can't seem to understand, if Exxon cut their profit margin in half to 5% they would have still made 18 Billion dollars in profit last year.



Cut that in half and Exxon would have still made 9 Billion dollars in profit last year.



Cut that in half and Exxon would have still made 4. 5 Billion dollars in profit last year and that is about the best the auto industry has ever made in a years time for profit.



So the auto industry on a very good year, heck lets call it what it is, a great year makes about 4 to 5 Billion dollars and you call them crooks, but Exxon can rake in 36 Billion and you cheer them on saying hey charge us more, yee haw!



Stupid is as stupid does.

 

[Big MAK]

If there's one thing I can't stand it's people using "look at the overseas" prices as excuses for ours going up or reasons why we shouldn't be annoyed. That's like comparing boutique prices to wholesale.



If their countries were bigger then New Jersey you can damn sure bet their fuel would cost less!!!!!!!!



In addition -- if the oil companies (all of them) hadn't been whining and complaining and running around with their hand out after the bad hurricanes then most people wouldn't be so annoyed about their record profits now. Apparently they were just lying free-loaders then so don't expect people to say "oh; isn't that nice" when they post record profits.

 

[john3976]

If there's one thing I can't stand it's people using "look at the overseas" prices as excuses for ours going up or reasons why we shouldn't be annoyed. That's like comparing boutique prices to wholesale.



If their countries were bigger then New Jersey you can damn sure bet their fuel would cost less!!!!!!!!



In addition -- if the oil companies (all of them) hadn't been whining and complaining and running around with their hand out after the bad hurricanes then most people wouldn't be so annoyed about their record profits now. Apparently they were just lying free-loaders then so don't expect people to say "oh; isn't that nice" when they post record profits.

Thank you!

 

[nps]

Facts can be a real b!&@&, ya think!

Guess not - you keep getting them rammed up your tailpipe but you don't seem to 'feel the pain'. :{

 

[RGardner]

I don't think that is a return on investment, gross profit margin maybe.

 

[john3976]

BP announces first quarter profits over 5 Billion dollars.



Shell expected to announce profits totaling over 5 Billion as well, so that makes 25 Billion in profits for just 5 oil companies in the first quarter.



The fab five are on track to taking in over 100 Billion in Profit in 2006, but there will be no break at the pump for the likes of you stinking customers!

 

[zmpm1]

Record Profits

I think all of you make to much money and you should give some of it back to your employer or better yet how about the I. R. S. if you don't like the prices don't buy the products. Remember supply and demand in economics in school and do you really belive the U. S. oil companys control the price of crude oil when we Import 60 percent of what is consumed how about we become less dependent on foreign oil and promote the use of alternative fuel and energy sources and really take back control of America's energy needs.

 

[cojhl2]

I am not an MBA but:



1) Profits are up if revenue goes up. You cannot look at the absolute number only ratio,



2) The reason revenue is up cause the speculators are buying and selling crude as a commodity.



3) The reason the buying and selling by the commodity brokers is happening is because of speculation regarding shortage.



4) Even if crude is avail you must refine it,, where are the refineries?



One solution is to use farm products. That way the sun and earth have input to consumable energy and the farmer can stay in business.



Congress going after the oil companies is a political joke. They are a bunch of whimps.



Another thing, the H Cell is also a joke. I read about them in PM in the 50's. If they havent progressed to production yet its a waste of time. .



Thats the way I see it anyway.