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re: Exxon's profit tumbles 58 percent, says it will cut expenditures by one-quarter

Posted on 2/2/16 at 8:14 am to
Posted by Hangover Haven
Metry
Member since Oct 2013
26659 posts
Posted on 2/2/16 at 8:14 am to
But they're still making 42% profits...
Posted by bamarep
Member since Nov 2013
51811 posts
Posted on 2/2/16 at 8:16 am to
It's called capitalism brah.



You model your business plan based on supply/demand.
Posted by yellowfin
Coastal Bar
Member since May 2006
97686 posts
Posted on 2/2/16 at 8:20 am to
quote:

But they're still making 42% profits...




where are you getting that?
Posted by Bmath
LA
Member since Aug 2010
18681 posts
Posted on 2/2/16 at 10:14 am to
quote:

But they're still making 42% profits...


Which they need to dump back into exploration and drilling. If they aren't drilling as much, then they have a lot of staff that become unnecessary and a drain.

I'm curious how this ties into some of their subsidiaries like XTO? I have some good friends that really depend on them for work.
Posted by Emiliooo
Member since Jun 2013
5148 posts
Posted on 2/2/16 at 11:43 am to
quote:

But they're still making 42% profits...

I hope you're joking
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