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Started By
Message
re: Exxon Mobil’s Q2 income falls 52%
Posted on 7/31/15 at 1:18 pm to redstick13
Posted on 7/31/15 at 1:18 pm to redstick13
hmm, maybe they should've thought a bit harder about building that gazillion dollar GooglePlex campus in Spring
0
Posted on 7/31/15 at 1:20 pm to TheCaterpillar
Two biggest costs are depreciation and personnel. Look for them to start unloading both.
Posted on 7/31/15 at 1:26 pm to redstick13
Return on investment is not the same thing as margin
Posted on 7/31/15 at 1:28 pm to The First Cut
quote:
You invest $40 billion in a year
You obviously don't understand that it takes YEARS to develop offshore fields from planning to producing. When they're producing hundreds of thousands of barrels per day, all that money invested is well worth it.
For a reference point, Shell just recently spent 1 BILLION DOLLARS on an injection well.
If the well boosts production as expected it will pay for itself in a year even at today's oil price.
Eta - My point is that the large E&Ps have such deep pockets that to an extent they don't allow the price per barrel to affect their planning.
This post was edited on 7/31/15 at 1:34 pm
Posted on 7/31/15 at 1:31 pm to TheCaterpillar
quote:
Nearly my entire inheritance is in Exxon stock.
Might have to give my dad a call
You're about 8 months late on that phone call.
Posted on 7/31/15 at 1:34 pm to redstick13
quote:
10% is a not a good margin. 32% is what most companies shoot for.
stick to drilling bud
Posted on 7/31/15 at 1:41 pm to yellowfin
If some of the people in this thread make financial decisions for XOM, it's really time to short.
Posted on 7/31/15 at 1:43 pm to CajunAlum Tiger Fan
Exactly.
IDT people understand that capital investment budgets are always, always in a state of flux. They aren't fixed in stone, even at Exxon.
What is a good investment at $95BBL probably isn't gonna make the cut at $50BBL.
IDT people understand that capital investment budgets are always, always in a state of flux. They aren't fixed in stone, even at Exxon.
What is a good investment at $95BBL probably isn't gonna make the cut at $50BBL.
This post was edited on 7/31/15 at 1:47 pm
Posted on 7/31/15 at 1:47 pm to dkreller
quote:
My point is that the large E&Ps have such deep pockets that to an extent they don't allow the price per barrel to affect their planning.
Posted on 7/31/15 at 1:49 pm to The First Cut
Good grief.
Posted on 7/31/15 at 1:51 pm to dkreller
quote:
You're about 8 months late on that phone call.
His dad is smart, hopefully, and won't sell.
Posted on 7/31/15 at 1:58 pm to blueboy
quote:
If oil goes into the 20's, congrats for saving at the pump but the economy as a whole will suffer greatly.
I will take my chances with $20 oil.
Posted on 7/31/15 at 2:02 pm to TheCaterpillar
quote:
Nearly my entire inheritance is in Exxon stock.
Might have to give my dad a call
White people problems.
Posted on 7/31/15 at 2:18 pm to BRgetthenet
quote:
more truck nuts.
This is all that needs to be mentioned in this thread.
Posted on 7/31/15 at 2:21 pm to RedRifle
quote:
Exxon Mobil’s Q2 income falls 52%
Posted on 7/31/15 at 2:22 pm to DarthRebel
quote:I don't think that's the "gotcha" chart you think it is. A few points would seem to show correlation (like the late 70's when we had an overall energy crisis that slowed production) but many points do not.
I will take my chances with $20 oil.
Posted on 7/31/15 at 2:23 pm to yellowfin
quote:
stick to drilling bud
Fair enough. My concern is what profit margin I need to maintain to keep my arse employed.
We can't be all crawfish rich with camps on Big Lake.
This post was edited on 7/31/15 at 2:28 pm
Posted on 7/31/15 at 2:28 pm to redstick13
What has a bigger impact on society?
Paying $4/gal for gas in lieu of $2.50/gal?
OR
150,000 people out of work?
Paying $4/gal for gas in lieu of $2.50/gal?
OR
150,000 people out of work?
This post was edited on 7/31/15 at 2:34 pm
Posted on 7/31/15 at 2:29 pm to iAmBatman
quote:
But they still made $4.2 BILLION. I doubt they're worried.
@ BatmanPosted on 7/31/15 at 2:32 pm to Dodd
quote:
50,000 people out of work?
I'm not an economist so I won't comment. I do know that it is currently 150,000 people out work and climbing.
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