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re: What am I missing on my thinking about oil companiesPosted by Tarps99 
on 10/27/22 at 7:31 pm to NorthTiger
on 10/27/22 at 7:31 pm to NorthTigerquote:
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.
re: What am I missing on my thinking about oil companiesPosted by notiger1997 on 10/27/22 at 7:41 pm to m2pro
quote:
You ever looked at gas prices in South America?
LOL
re: What am I missing on my thinking about oil companiesPosted by Madking 
on 10/27/22 at 7:43 pm to NorthTiger
on 10/27/22 at 7:43 pm to NorthTigerYou do know they use oil to make a lot more than gas right?
re: What am I missing on my thinking about oil companiesPosted by Taxing Authority 
on 10/27/22 at 8:24 pm to FredBear
on 10/27/22 at 8:24 pm to FredBearquote: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
re: What am I missing on my thinking about oil companiesPosted by GRTiger 
on 10/27/22 at 8:31 pm to NorthTiger
on 10/27/22 at 8:31 pm to NorthTigerWhat 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?
re: What am I missing on my thinking about oil companiesPosted by CDawson 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.
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