Your Pain At The Pump Pays Off For Exxon By Posting A Record $14.8 BILLION Profit For Quarter

That 14mil is exxons cut, the 700mil the fed used to bail out wallstreet is the feds cut.

— Badgewhore (View Profile)

Posted on 10/31/2008 1:36:16 AM | | Votes: 1   

the oil companies actually only get a small percentage of what we pay ($2.05 a gal. or something)

— lexusrox123 (View Profile)

Posted on 10/30/2008 1:22:20 PM | | Votes: -5   

And how is $14.8 billions small percentage???

— vladyxa (View Profile)

Posted on 10/30/2008 1:28:00 PM | | Votes: 5   

I agree, but i can see something in it.

With those past few record profits they seemed to have invested some of it into making a better refining process thereby yielding more profit.

But then again when federal funds are given to you to invest in exploration, why spend your own money.

Just pass the price on to the little guy.

— Agent009 (View Profile)

Posted on 10/30/2008 12:32:51 PM | | Votes: 2   

Thats what McCain wants to do. Vote Obama!!!

— BMW_DRVR (View Profile)

Posted on 10/30/2008 5:47:18 PM | | Votes: 3   

Giving them tax break will also include us in that, but tax them more, we'll get taxed and also the product price will go up. So what's hard in understanding this, and how are Barack Husain Obama’s supporters so stupid to not get this?

Plus, the rich will always be rich, and believe me the democrats didn't descend from heavens to save the poor man, look at what they did with the banking system.

So vote for what makes sense and not what sounds good you idiots.

— Designer1 (View Profile)

Posted on 10/31/2008 5:28:39 AM | | Votes: 2   

I agree everyone wants to look at how much profit that they make but look at the profit margin. They pulled in 137 billion in revenue but net income was 14.8 for a profit margin of 10%. In comparison Microsofts profit marging is 36%. How come we are not in an uproar over microsofts profits? Because Exxon deals in a business where every person in the world needs there product. If you want to do something about the profit margin invest in alternative fueled cars.

— nolimt735 (View Profile)

Posted on 10/30/2008 1:11:18 PM | | Votes: 5   

according to the mainstream media companies like Exxon who are a part of BIG OIL are bad bad bad.

— lexusrox123 (View Profile)

Posted on 10/30/2008 1:24:27 PM | | Votes: 4   

I get pissed when I see how much Microsoft software is too!!! So overrated! And ipods should be cheaper but I think apple is taking a plunge. You can choose to live without their items moreso than gas.

— 0to60 (View Profile)

Posted on 10/30/2008 2:35:21 PM | | Votes: 1   

Plus gas prices has forced many companies like airlines to struggle and/or go out of business. So seeing them rake in profits while our jobs are being loss due to it is tough to swallow. Thats why we hate ono these companies. But I somewhat agree with you and nolimit

— 0to60 (View Profile)

Posted on 10/30/2008 2:36:33 PM | | Votes: 1   

Its because they are indirectly connected to the consumer for their income as the average person just buys a whole computer from the shop/store. The Gas companies are heavily dependent on the consumer to directly buy their gas.

— veyron1001 (View Profile)

Posted on 10/30/2008 3:47:57 PM | | Votes: 2   

People are not angry over PERCENTAGES. People are angry about amount of money this percentages turns out to be.

Nobody gives a $hit about some expensive fancy boutique stores with 75% profit margins. Purchases from such stores are purchases of choice, and buyers decide to part with their monies, for whatever reasons.

In case of oil companies, this "small" percentage is funded by all people, and not because they decide to, but rather because they are forced to. No matter how much price of gas will go up, we all still have to use it. And at times when everyone would appreciate any break on gas prices, these oil companies are making record profits ever! That's why. And this is the fact.

If it was a Holliwood blockbuster that made this much money, nobody would give a $hit about it.

— vladyxa (View Profile)

Posted on 10/30/2008 4:54:27 PM | | Votes: 2   

agreed..but most american don't bother to find the truth, they don't read either, they get snippits from tv and internet and then repeat like parrots....well see what the profits are with $60/barrel oil in a slow economy globally....oh yeah, we all own stocks in oil companies, don't forget the mutual funds, managed accounts and stocks millions of people all over the world own, why not own stocks in the companies that actually make profits in years like this, if you complain about the price of gas/or profits, just buy shares in XOM or whatever....in fact if you had invested only a small amount in any of the oil companies a year or two ago, you would have more $$ for gas than you would know....

— bocabimmer (View Profile)

Posted on 10/30/2008 10:36:46 PM | | Votes: 2   

They will pass the prices directly to us if that happens. What we need is a revolution against the gas companies but that will never happen as too many people are self centered.

— veyron1001 (View Profile)

Posted on 10/30/2008 7:13:31 PM | | Votes: 3