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(Chron)   Exxon's 3Q profit falls 7 percent to a mere $9.57 billion. CEO's worried about making December's Bentley payment   (chron.com) divider line 31
    More: Interesting, Exxon, IRVING, capital expenditures  
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378 clicks; posted to Business » on 01 Nov 2012 at 2:25 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



31 Comments   (+0 »)
   
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2012-11-01 01:33:09 PM  
But it's clearly Obama's fault that gas prices are high.
 
2012-11-01 02:29:21 PM  
Payments, subby. Like he only has one, pfffft.
 
2012-11-01 02:30:18 PM  
blogs.citypages.com
Oblig
 
2012-11-01 02:42:13 PM  
Farking margins, how do they work?
 
2012-11-01 02:42:58 PM  
And folks.. pay attention... that's just the third QUARTER. Profits also, not revenue, but money made after covering costs. What a farking racket. Wish I'd gotten into that industry.
 
2012-11-01 02:54:20 PM  
I'm gonna hazard a guess and suggest that subby has zero clue about the difference between profit and profit margin.
 
2012-11-01 03:09:25 PM  

Why Would I Read the Article: I'm gonna hazard a guess and suggest that subby has zero clue about the difference between profit and profit margin.


Idly, I wonder what would happen if tax rates were tied to profit margins instead of profits.
 
2012-11-01 03:35:17 PM  

Harvey Manfrenjensenjen: Farking margins, how do they work?


So, what? You're complaining because people aren't acknowledging that it's only an ~8.3% margin on their business?

Or that if they hadn't bought stock back, the profits would have been 14.67 billion dollars, leaving a margin of ~12.7%?

/That's not Apple 30-40% margin levels, but still a healthy for that kind of volume business
//I wonder what they would be without US government subsidies
 
2012-11-01 03:40:55 PM  
I assume we are talking about the payment in full on the Bentley purchased for December, not, of course, some plebeian monthly car payment, correct?
 
2012-11-01 03:51:38 PM  

imashark: Harvey Manfrenjensenjen: Farking margins, how do they work?

So, what? You're complaining because people aren't acknowledging that it's only an ~8.3% margin on their business?

Or that if they hadn't bought stock back, the profits would have been 14.67 billion dollars, leaving a margin of ~12.7%?

/That's not Apple 30-40% margin levels, but still a healthy for that kind of volume business
//I wonder what they would be without US government subsidies


I'm not the one who is complaining. I'm the one dismissing a complaint that was made without acknowledging any context.
 
2012-11-01 04:01:08 PM  
Obama will correct this during his next term......Hahahahahahahahahahahahahahahahahaahahahahahaha. Oh man, some people really believe this.......

1) Obama isn't getting another term.
B) Even if he somehow is magically reelected, he won't do anything about it.
 
2012-11-01 04:01:20 PM  

Grapple: And folks.. pay attention... that's just the third QUARTER. Profits also, not revenue, but money made after covering costs. What a farking racket. Wish I'd gotten into that industry.


No, you're better off getting into government. While Exxon makes about 9 to 10 cents on a gallon of gasoline, federal, state and local government rakes in 50 cents on average. source
 
2012-11-01 04:02:19 PM  

BarkingUnicorn: Why Would I Read the Article: I'm gonna hazard a guess and suggest that subby has zero clue about the difference between profit and profit margin.

Idly, I wonder what would happen if tax rates were tied to profit margins instead of profits.


Their accountants would have to bob instead of weave?
 
2012-11-01 04:32:01 PM  
Grapple:
And folks.. pay attention... that's just the third QUARTER.

Yeah, at that rate, they'll make almost $40 billion for the year.

On a... hmmm... on a company worth $428 billion.

Return on investment of just over nine percent.

In other words, pretty average, considering the size of the company and how many people get pieces of that profit.

If you owned $1000 worth of Exxon stock, your profit for the year would be $93. Not exactly outrageous.
 
kab
2012-11-01 04:32:27 PM  

Why Would I Read the Article: I'm gonna hazard a guess and suggest that subby has zero clue about the difference between profit and profit margin.


Well that changes everything.

leave-exxon-alone.jpg ?
 
2012-11-01 04:35:22 PM  

Red Shirt Blues: Oblig


Gaahh...

Talk about revenge of the nerds. Though he looks more like a geek. Like a bite-the-head-off-a-chicken circus type geek.

The bigger question is how much did the company pay in taxes.

I don't know. My guess: not a percent close to other businesses.
 
2012-11-01 05:12:44 PM  
imashark


Harvey Manfrenjensenjen: Farking margins, how do they work?

So, what? You're complaining because people aren't acknowledging that it's only an ~8.3% margin on their business?

Or that if they hadn't bought stock back, the profits would have been 14.67 billion dollars, leaving a margin of ~12.7%?


You may be a shark, but you aren't an accountant.
 
2012-11-01 06:13:40 PM  

imashark: //I wonder what they would be without US government subsidies


Buses and trains would suddenly become a very good way to travel.
 
2012-11-01 06:22:59 PM  
Three budget plans, no proposals for windfall profits tax, promise broken

I will enact windfall profits tax for oil companies" - Barack Obama 2008
 
2012-11-01 07:35:07 PM  
oh wow. You took a large number with no context to make your "point". What a financial genius you are. Why waste your time on Fark, when there's so much GOLD you could be buying?
 
2012-11-01 07:51:28 PM  

cirby: Grapple:
And folks.. pay attention... that's just the third QUARTER.

Yeah, at that rate, they'll make almost $40 billion for the year.

On a... hmmm... on a company worth $428 billion.

Return on investment of just over nine percent.

In other words, pretty average, considering the size of the company and how many people get pieces of that profit.

If you owned $1000 worth of Exxon stock, your profit for the year would be $93. Not exactly outrageous.


you'd make more selling whatever merchandise on eBay with your $1K investment. much more.
 
2012-11-01 08:22:42 PM  

Propain_az: Obama will correct this during his next term......Hahahahahahahahahahahahahahahahahaahahahahahaha. Oh man, some people really believe this.......

1) Obama isn't getting another term.
B) Even if he somehow is magically reelected, he won't do anything about it.


Statisticals?
 
2012-11-01 08:41:02 PM  

Sneakernets: Propain_az: Obama will correct this during his next term......Hahahahahahahahahahahahahahahahahaahahahahahaha. Oh man, some people really believe this.......

1) Obama isn't getting another term.
B) Even if he somehow is magically reelected, he won't do anything about it.

Statisticals?


WHAT?
 
2012-11-01 09:04:53 PM  
:: whistles as he walks off to cash dividend check ::
 
2012-11-01 11:26:57 PM  

statisticals: Sneakernets: Propain_az: Obama will correct this during his next term......Hahahahahahahahahahahahahahahahahaahahahahahaha. Oh man, some people really believe this.......

1) Obama isn't getting another term.
B) Even if he somehow is magically reelected, he won't do anything about it.

Statisticals?

WHAT?


I chuckled.
 
2012-11-02 04:05:41 AM  

Dougie AXP: :: whistles as he walks off to cash dividend check ::


^^^
 
2012-11-02 07:12:02 AM  

Grapple: And folks.. pay attention... that's just the third QUARTER. Profits also, not revenue, but money made after covering costs. What a farking racket. Wish I'd gotten into that industry.


Yeah. I'll bet that they're making a whole five cents per gallon. Those farking thieves.
 
2012-11-02 07:15:54 AM  
Bentleys aren't that expensive.
 
2012-11-02 09:11:25 AM  

HotIgneous Intruder: Bentleys aren't that expensive.


And who "owns" cars... they're company owner or part of an LLC anyway, for those types of people.
 
2012-11-02 09:58:56 AM  
I don't think the owner is talking about cars, I think he's talking about the CEO buying part of Bentley.
 
2012-11-02 02:59:41 PM  
www.angryflower.com

/hot like a grammar Nazi oven
 
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