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Exxon's record $11.6 B 3 months

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Re: Exxon's record $11.6 B 3 months

Postby wrveres » Sat Apr 30, 2011 11:25 am

Mookie4ever wrote:
wrveres wrote:Do you have any idea how much you pay in taxes per gallon? any clue as to what the governments take is? Or how much of that gasoline that you put into your car comes from Exxon?

and just because you don't understand the world of accounting doesn't mean there aren't thousands of people, on both sides of the isle, that don't.


What does the amount of tax on gas have to do with anything?


madison wrote:Do you really believe on a gallon of gas that costs you over $4, that Exxon is spending $3.93 per gallon to have that gas available to you?
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Re: Exxon's record $11.6 B 3 months

Postby AussieDodger » Sat Apr 30, 2011 11:47 am

I'm enjoying Willy trying to defend one of the most vilified industries there is. :-b

Even Madison can't find a way to get on the wrong side :-b :-b


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Re: Exxon's record $11.6 B 3 months

Postby Mookie4ever » Sat Apr 30, 2011 12:10 pm

What's the difference between Australia and yogurt?

Yogurt has a live culture.
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Re: Exxon's record $11.6 B 3 months

Postby Madison » Sat Apr 30, 2011 12:15 pm

wrveres wrote:and just because you don't understand the world of accounting doesn't mean there aren't thousands of people, on both sides of the isle, that don't.


So you truly believe Exxon is running on a 1.75% profit margin? 8-o

wrveres wrote:heck you are slamming american oil companies, by typing on a keyboard, primarily made from oil. you don't find that ironic?


Not really. I don't disagree that tons of things are made with oil, but that isn't what we've been discussing. I quoted Exxon saying they make 7 cents per gallon of gas, which means they say they are running on a 1.75% profit margin, which is totally absurd. Since you know that to be as silly as I do, you're trying to change what we are talking about. Hey, we all do it, and when we talk about the price of keyboards and what they are made of, I'm happy to oblige in the conversation, but right now, like I said, I don't know what is more sad. That anyone would believe Exxon or that Exxon thinks people are dumb enough to believe their claim of 1.75% profit margins.

AussieDodger wrote:Even Madison can't find a way to get on the wrong side :-b :-b


Thanks! ;-D

Hey now... Wait just a dadgum second.... :-C

:-b
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Re: Exxon's record $11.6 B 3 months

Postby wrveres » Sat Apr 30, 2011 12:25 pm

i dont know where you are getting this figure. it has routinely been reported that their profit margin is somewhere around 9%.
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Re: Exxon's record $11.6 B 3 months

Postby Madison » Sat Apr 30, 2011 12:52 pm

wrveres wrote:i dont know where you are getting this figure. it has routinely been reported that their profit margin is somewhere around 9%.


JT posted it on page 39:

StlSluggers wrote:
"For every gallon of gasoline and other products we refined and sold in the United States, we earned about 7 cents," said a statement from Exxon vice president Ken Cohen. "Compare that to the 40 to 60 cents per cents per gallon that went to the government (state and federal) in gasoline taxes."


They played the "poor little us" card and used a number far too small to be believeable, while recording near record profits, and tried to shift the blame on the government. Sad.

And of course it's a percentage. At 7 cents a gallon, we'd have had to start using an incredibly larger amount of gas for them to hit that $11 billion. Roughly double the gas we've been using, and that didn't happen. So yes, of course they make a much larger percentage than 1.75. That's what I've been saying.
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Re: Exxon's record $11.6 B 3 months

Postby wrveres » Sat Apr 30, 2011 1:26 pm

i suggest you stick to bowling. no one anywhere, other than you, has suggested that the companies profit margin is 1.75%. Exxon does much, much, more than refine gasoline.
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Re: Exxon's record $11.6 B 3 months

Postby wrveres » Sat Apr 30, 2011 1:35 pm

im going to go watch my new favorite pitcher, brandon beachy shut down the cardinals. we can finish the world according to madison later ;-7
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Re: Exxon's record $11.6 B 3 months

Postby bigken117 » Sat Apr 30, 2011 2:30 pm

so wr found a way to make this a political thread? nice job once again :-b
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Re: Exxon's record $11.6 B 3 months

Postby Neato Torpedo » Sat Apr 30, 2011 2:37 pm

Madison wrote:
AussieDodger wrote:Even Madison can't find a way to get on the wrong side :-b :-b


Thanks! ;-D

Hey now... Wait just a dadgum second.... :-C

:-b

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