Wednesday, February 08, 2006

ExxonMobil Profits

ExxonMobil Profits 2/7/2006 11:25:46 AM
I know there has been some mention on the board, but I want to see what the opinions are about ExxonMobil's record profit for Q4 2005, $10.7 billion and over $36 billion for the year. Both of these are records for any publicly listed company. I have not had time to do any research at this time, but I plan to as soon as my work load permits.
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curmudgeonPosts: 2126

Profit = Good! 2/7/2006 11:28:59 AM
Would you be concerned if Exxon/Mobil was losing money?
sidewalk_cipherPosts: 1298

Re: Profit = Good! 2/7/2006 11:31:29 AM
Profit = Good! Then why are you so scared of globalisation?
curmudgeonPosts: 2126

Because . . . 2/7/2006 11:38:44 AM
. . . Exxon/Mobil making a profit has nothing to do with globalization.
Capt CarralesPosts: 1833

My problem with globalization... 2/7/2006 11:41:38 AM
...stems from having grown up in Premont, Texas. I know what it is like first hand to be ignored by South Texas, The State of Texas and the Federal Government. What chance would we...South Texas, as a whole fare in such a WORLD system? They would make up the world LAND FILL and there would be nothing we could do? Who would object of World Political and Economic structures ordered the area cleared? No, Sir...I prefer the" name=53074

curtis rockPosts: 271

Re: My problem with globalization... 2/7/2006 6:11:10 PM
Well, according to your theory, maybe government assistance isn''t such a bad idea. Controlling the economy and subsidizing corporations in troubled areas is not conducive to an efficient economy. Just because an area can''t compete, doesn''t constitute government interference. Hundreds of years of economic analysis shows that globalization is a positive. It''s all about comparative advantage.

Capt CarralesPosts: 1833

Maybe when the work you do now... 2/8/2006 12:05:10 AM
...is being done by a Foreign company at half the cost and you have to go out of business because of" name=53074

Mike GPosts: 7
Re: Profit = Good! 2/7/2006 11:38:24 AM
Actually, yes I would because Oil & Gas is part of my portfolio. And I know a lot of people that work directly and indirectly in the oil industry.
curtis rockPosts: 271

Re: ExxonMobil Profits 2/7/2006 6:05:28 PM
Profits are a plus because it''s the incentive shareholders seek to continue on. However, just because a firm profits, doesn''t necessarily mean it''s in your best interest as an investor. Remember, the purpose of investing is to maximize shareholder wealth. If you make a profit every year, but don''t increase the investment to increase wealth in the form of capital and eventually profit, then you''re basically a sitting duck. In simpleton terms, if I had a hand-squeezed lemondade stand that was profitable for 5 bucks profit; I may want to lose some money one year to purchase a mechanized lemon squeeze in anticipation of making a 10 dollar profit. Buy low, sell high.

fishonPosts: 59
Re: Re: ExxonMobil Profits 2/7/2006 9:01:03 PM
First of all, there is a big difference between profit & profit margin. You fail to see the exspence spent to gain that number. Being only 5 oil compainies to serv 300 million people naturally youll see a net gain that high. They really only gained %7 profit margin in 2005. simple economics. Alot more S&P 500 gain more than %7 per year but the the amount of profit taken in is way less...the billions of dollars in profit showed is decieving, typical left media not telling the whole story!!!
curtis rockPosts: 271

1 Comments:

Blogger dannoynted1 said...

http://political.moveon.org/exxon/

9:20 PM  

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