Exxon Mobil breaks another earnings record

Discussion in 'Energy' started by sealybobo, Oct 30, 2008.

  1. sealybobo
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    sealybobo Diamond Member

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    Oil giant posts biggest U.S. quarterly profit ever; breaks own record
    Exxon Mobil breaks another profit record - Earnings

    HOUSTON - Exxon Mobil Corp., the world’s largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.
     
  2. Andrew2382
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    Andrew2382 Gold Member

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    YEah, I wonder how much the government made getting 15% without having to do any work
     
  3. Care4all
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    Care4all Warrior Princess Supporting Member

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    Does the gvt take your money without doing a thing via taxes too?
     
  4. sealybobo
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    sealybobo Diamond Member

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    The oil companies are drilling on our land. That's your government. That's our oil. That's your Federal land dummy!!!

    You want Exxon to dodge all the taxes so you pick up the tab for everything. How nice of you.

    Your master is calling you. Get back out in the fields. You don't know how good you got it boy.
     
  5. Andrew2382
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    Andrew2382 Gold Member

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    How much of the worlds oil does Exxon Control?

    Approx 1-2%.


    They drill it, refine it, produce it, distribute it, they do everything and pay record taxes as well.

    Exxon Posts Record $32.36 Billion Tax Payment

    According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
    That profit works out to $1,485.55 a second.


    Buried in the story we also find that "In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called 'other taxes.'"


    MP: In other words, Exxon Mobil paid $32.361 billion in taxes in the second quarter, which works out to $4,114 in taxes per second. Another way to look at it - Exxon paid almost $3 in taxes ($32.361 billion) for every $1 in profits ($11.68 billion), see chart above

    click on link for graph
     
  6. dilloduck
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    dilloduck Diamond Member

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    Making a profit is just wrong. Breaking even is all anyone really needs. Anything above that is just plain selfish.
     
  7. sealybobo
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    sealybobo Diamond Member

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    Socializing the losses and privatizing the profits is wrong.
     
  8. dilloduck
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    dilloduck Diamond Member

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    Trust me---I didn't vote for a bailout---Congress did.
     
  9. sealybobo
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    sealybobo Diamond Member

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    You only think they paid those taxes.

    Bulk of U.S. corporations pay no taxes: GAO
    Operating losses, transfer pricing help businesses escape IRS; 'shocking indictment'

    Bulk of U.S. corporations pay no taxes: GAO - Financial Week

    Clearly they don't pay enough. Unless you approve of the debt doubling? Do you? Please explain how you consider yourself fiscally responsible?
     
  10. 9 Volt
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    9 Volt Shaking You Violently

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    You're damn right they do!..and they send it right up the cahin to Companies like Exxon/Mobile, Gilead Sciences, Blackwater, Halliburton etc. It's the Republican's version of "Spread the Wealth"....only it goes up, not down!
     

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