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re: Exxon Suspending 401K 6% Match in October

Posted on 8/5/20 at 8:07 pm to
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73729 posts
Posted on 8/5/20 at 8:07 pm to
quote:

They just reported a billion dollar loss in Q2.




They made 15B last year. Cry me a river about their loss.
This post was edited on 8/5/20 at 8:09 pm
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9764 posts
Posted on 8/5/20 at 8:31 pm to
quote:

Cry me a river about their loss.

I’m not crying about anything. Just pointing out that the guy yelling “frick the man” is an idiot. This just in: Fortune 500 company chooses shareholders over employees. In other news: Germans bomb Pearl Harbor.
Posted by Floyd Dawg
Silver Creek, GA
Member since Jul 2018
4070 posts
Posted on 8/6/20 at 9:05 am to
quote:

They made 15B last year.


Useless without context. What was their profit margin? Last I checked, it was in the 8-10% range, which is really low.

Looked it up, it was about 8%. Here's the chart I used-

XOM Profit Margin
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