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Posted on 5/12/09 at 1:50 pm to LSURussian
quote:
Stick around....
Posted on 5/12/09 at 1:51 pm to Ringeaux
i like you ringeaux, you seem like good people
Posted on 5/12/09 at 1:51 pm to Ringeaux
I see you're getting a bit cranky, maybe it's time your babysitter puts you down for a nap.
This post was edited on 5/12/09 at 1:52 pm
Posted on 5/12/09 at 1:52 pm to LSURussian
Exxon Mobil Q3 2008 net income 14 Billion
Exxon Mobil Q4 8008 net income 7 Billion
Exxon Mobil Q4 8008 net income 7 Billion
This post was edited on 5/12/09 at 1:57 pm
Posted on 5/12/09 at 1:52 pm to igoringa
With all the expertise on this board I feel quite certain they are all surfing the net while aboard thier 100ft yaht cruising the Carribean. Surely they all have the market beat.
Posted on 5/12/09 at 1:54 pm to barry
quote:Did we just go to WARP speed to jump ahead 6,000 years???
Exxon Mobil Q3 2008 profit 14 Billion
Exxon Mobil Q4 8008 profit 7 Billion
Posted on 5/12/09 at 1:55 pm to Ringeaux
quote:
With all the expertise on this board I feel quite certain they are all surfing the net while aboard thier 100ft yaht cruising the Carribean
Expertise? You sited an article claiming that oil companies are making MORE money selling oil at half the price?
Posted on 5/12/09 at 1:59 pm to Ringeaux
quote:
With all the expertise on this board I feel quite certain they are all surfing the net while aboard thier 100ft yaht cruising the Carribean. Surely they all have the market beat.
Naw, we can just read and add as well as your average 8 year old... sorry that makes you feel inferior.
Posted on 5/12/09 at 2:01 pm to barry
quote:
Expertise? You sited an article claiming that oil companies are making MORE money selling oil at half the price?
That he couldn't even provide a link to.......
Posted on 5/12/09 at 2:01 pm to barry
Posted on 5/12/09 at 2:02 pm to TJG210
I got your link.....
Posted on 5/12/09 at 2:05 pm to Ringeaux
quote:
Santa Monica, CA -- Exxon Mobil’s first quarter profit of $4.55 billion dollars is small only by comparison to the last six years of nearly continuous profit records, said Consumer Watchdog. Its first quarter profit is more than $1 billion above what it made for the period in 2003 and about the same amount below its profit in 2004, the first two years of a boom that lasted until the current quarter.
Yes fantastic point there professor! It is below the past 6 years, thus proving it is higher! Fantastic... please... keep up the good work!
Posted on 5/12/09 at 2:05 pm to Ringeaux
quote:Do you realize the link you provided proves you were wrong about the oil companies making more profit now than when oil was a $140/barrel?
I got your link.....
Posted on 5/12/09 at 2:07 pm to Ringeaux
quote:
I got your link.....
Did you read it? It said it made the same ammount it made... 6 years ago!
Besides that, it was obviously biased against any carbon producer and ignoring the fact that ExxonMobil is developing the ability to make lithium batteries more efficient. But don't let facts get in the way of what MSNBC told you.
Posted on 5/12/09 at 2:08 pm to LSURussian
quote:
It is notable that Exxon’s profits on refining (downstream) operations were nearly equal to last year’s,
By equal they mean more. I am really starting to understand.
Overall profit below past six years + refining profit being flat = Making more profit now then before.
I cant believe I didnt see it... it was so obvious.
Posted on 5/12/09 at 2:10 pm to igoringa
And to finish off the undisputable evidence of increased profits.. we have the final quote:
Again by lower profits they mean higher profits.... I dont know why I cant seem to get that through my head.
This is too much fun
quote:
Today’s lower profits are no reason to continue those and other subsidies, including offshore profit schemes, said Consumer Watchdog, because the oil companies remain awash in cash in comparison to other major industries.
Again by lower profits they mean higher profits.... I dont know why I cant seem to get that through my head.
This is too much fun
Posted on 5/12/09 at 2:12 pm to igoringa
quote:
refining profit being flat
Which they should be. They buy at price X. its costs Y to refine. They sell at (X+Y)*1.08 to get their normal 8% profit margin. The 8% was what I believe refiners to average. Please don't get caught up on if that is wrong or not.
Posted on 5/12/09 at 2:13 pm to Ringeaux
quote:
It is notable that Exxon’s profits on refining (downstream) operations were nearly equal to last year’s, meaning that its percentage profit per gallon at the pump was higher, said Consumer Watchdog. Consumers are still providing a lopsided portion of Exxon’s profit at the pump.
Oh RLYs?
2009:
Upstream:
US: 360
Non-US: 3,143
Downstream:
US: 352
Non-US: 781
LINK ][LINK]
Posted on 5/12/09 at 2:13 pm to C
C - Don't mention crack spreads or his head will explode (or he will giggle like Butthead)
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