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re: What am I missing on my thinking about oil companies
Posted on 10/27/22 at 7:31 pm to NorthTiger
Posted on 10/27/22 at 7:31 pm to NorthTiger
quote:
Exxon Mobil: $17.9 billion Shell: $10 billion Chevron: $11.6 billion Conoco: $5.1 billion
That money goes somewhere, and some of it goes back into the government in the form of taxes, and dividends to shareholders. Some of it also reinvested back into the company for new wells training, new equipment, political graft, social justice initiatives, etc.
0
Posted on 10/27/22 at 7:41 pm to m2pro
quote:
You ever looked at gas prices in South America?
LOL
Posted on 10/27/22 at 7:43 pm to NorthTiger
You do know they use oil to make a lot more than gas right?
Posted on 10/27/22 at 8:24 pm to FredBear
quote:A $3.00 Starbucks coffee works out to well over $2,000/bbl. Oil is trading aroun $100/bbl. Who is ripping off consumers?
Now compare their profit margins to other companies and think about it
Posted on 10/27/22 at 8:31 pm to NorthTiger
What is the correct amount of profit for a product everyone in the world uses in every aspect of their lives?
Demand has skyrocketed since COVID and supply can't catch up. What would happen to the supply, demand, and availability of oil if they cut the price in half despite market conditions?
Demand has skyrocketed since COVID and supply can't catch up. What would happen to the supply, demand, and availability of oil if they cut the price in half despite market conditions?
Posted on 10/27/22 at 8:36 pm to NorthTiger
Did you know the government makes more on a gallon of gasoline than any of the evil oil companies?
Also, it is short sighted to look at them as “gas companies”. These companies invest billions and take all of the risk to produce many of the products needed for many of the most necessary manufacturing supply chains.
Also, it is short sighted to look at them as “gas companies”. These companies invest billions and take all of the risk to produce many of the products needed for many of the most necessary manufacturing supply chains.
Posted on 10/27/22 at 9:38 pm to GumboPot
Your General point is made and agree, but these are not profits. Gross sales for quarter end
This post was edited on 10/27/22 at 9:38 pm
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