Exxon-Mobil posts highest profits in history:

[billfred]

Chevron posted a loss today in there Refining and Marketing business unit.

Wait - I thought the big oil companies were ripping everyone off?? Confused!!

 

[mrplunkey]

Chevron posted a loss today in there Refining and Marketing business unit.

Wait - I thought the big oil companies were ripping everyone off?? Confused!!

I'm not knocking on big oil, but losses in refining are no big deal if you have massive profits on the exploration side.

 

[billfred]

I'm not knocking on big oil, but losses in refining are no big deal if you have massive profits on the exploration side.

It is when congresss thinks you are ripping off consumers with high gasoline prices. This tells you that they basically sold gasoline at a loss last quarter.

What if you have no exploration and production? There are many companies in that category.

 

[milo hobgoblin]

Ya the pure craziness of 10% of 140 being a lot more than 10% of 80 or 90

the math is mind boggling!!!

DAMN THOSE OIL COMPANIES AND THEIR 10% PROFIT MARGINS!!! Why cant you be more like coca cola or the pharmaceutical industry!!! DAMN YOU TO HELL!!!!!!!!!!!!!!!!

 

[chris302001]

Ya the pure craziness of 10% of 140 being a lot more than 10% of 80 or 90

the math is mind boggling!!!

DAMN THOSE OIL COMPANIES AND THEIR 10% PROFIT MARGINS!!! Why cant you be more like coca cola or the pharmaceutical industry!!! DAMN YOU TO HELL!!!!!!!!!!!!!!!!

lololol

 

[mrplunkey]

It is when congresss thinks you are ripping off consumers with high gasoline prices. This tells you that they basically sold gasoline at a loss last quarter.

What if you have no exploration and production? There are many companies in that category.

What should any company do when the costs of producing its product exceed the price the market is paying for the product? Either operate at a loss through the tough times or stop producing.

A multi-step product in which some stages operate at higher levels of profit than others is the norm, not the exception.

 

[needtogetarmy]

What should any company do when the costs of producing its product exceed the price the market is paying for the product? Either operate at a loss through the tough times or stop producing.

A multi-step product in which some stages operate at higher levels of profit than others is the norm, not the exception.

Educating people here on how the market/businesses/the real world operates is like squeezing blood from a rock.

 

[Razorguns]

Oil companies should piss off the american public.

Sell themselves to Arabs.

Then what are people gonna bitch about? "Damn those arabs are making too much money. They should give some back"

HA HA HA!

If I owned an oil company - i'd move it offshore just to piss people off and stop the bitching. People think you're american-owned, you're now a charity for fat useless americans.

r

 

[redsamurai]

It's hard to discern sometimes who's giving you the right numbers and who's not. I read a year ago that the oil coming down from alberta was yielding nice profits when oil was at $70-80..........let alone what we're at now. Those 10% profit margin figures seem a bit low. But I will concede that whoever is up there in northern canada drilling on the perma is footing quite a bill for what basically amounts to a crapshoot. Oil is just becoming inefficient. Now that the big fields are slowing down it's just too expensive to be prospecting all over the globe. Plus, the internal combustion engine and it's roughly 23-24% carnot efficiency has got to be phased out.