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(Bloomberg)   Chevron officials practice their mournful look, then announce net income of only $5.25 billion   (bloomberg.com) divider line 8
    More: Obvious, CHEVRON CORP., gas wells, San Ramon, British thermal units, futures contracts, stock trading, International Energy Agency, Pascagoula  
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476 clicks; posted to Business » on 04 Nov 2012 at 10:58 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-05 09:40:07 AM
1 votes:

Munchausen's Proxy: $5 billion on $56 billion in revenue? 9% margins are pretty tight, regardless of the volume


Oil is usually between 8% and 9%.

HP was considering closing down their PC division because it couldn't break 10%.

Apple makes north of 30%.
2012-11-05 09:33:52 AM
1 votes:

karl2025: AtlanticCoast63: ...What I've never quite understood is how companies can announce quarterly incomes that rival or exceed that of quite a few nations, and then be told what screwups they are, how the company is in mortal peril, and how the CEO is gonna have to take a hike (after getting an appreciable fraction of that money that wasn't enough in the first place, of course).

Because their costs are about $225 billion a year. It's entirely plausible that they could make more money scuttling the company and investing somewhere else. Remember, it's the rate, not the amount.


But some retarded liberal told me RECORD BREAKING PROFITS.

What's that? Inflation means profits are always record breaking if the company doesn't screw up?

Oh.
2012-11-05 09:31:30 AM
1 votes:

AtlanticCoast63: ...What I've never quite understood is how companies can announce quarterly incomes that rival or exceed that of quite a few nations, and then be told what screwups they are, how the company is in mortal peril, and how the CEO is gonna have to take a hike (after getting an appreciable fraction of that money that wasn't enough in the first place, of course).


Because profit margins are so low in oil/gas that you could make more money doing other things with it. Like selling iPhones.
2012-11-05 09:29:45 AM
1 votes:

MurphyMurphy: Anyone mention they could probably use a bit more subsidies yet?


Protip to morons like you who know nothing about business:

If subsidies go away, profit margin stays the same and gas prices go up. Do you want to pay more or less for gas?

On top of that, you probably don't actually pay taxes, which means rich people are being taxed to lower prices on YOUR gas.

Why do you hate rich people saving you money?
2012-11-05 12:11:52 AM
1 votes:

Munchausen's Proxy: $5 billion on $56 billion in revenue? 9% margins are pretty tight, regardless of the volume


This!

/Though it won't matter.

//Why aren't the libs complaining about Apple, with much higher margins on way larger sales volume? On products mostly outsourced to China, no less? Boggles the imagination.
2012-11-04 06:02:34 PM
1 votes:
Why aren't left-tards outraged about Apple's or Cocal-Cola's profits?
2012-11-04 12:43:52 PM
1 votes:

AtlanticCoast63: ...What I've never quite understood is how companies can announce quarterly incomes that rival or exceed that of quite a few nations, and then be told what screwups they are, how the company is in mortal peril, and how the CEO is gonna have to take a hike (after getting an appreciable fraction of that money that wasn't enough in the first place, of course).


Because their costs are about $225 billion a year. It's entirely plausible that they could make more money scuttling the company and investing somewhere else. Remember, it's the rate, not the amount.
2012-11-04 11:27:07 AM
1 votes:
I feel so bad for these guys, they're just trying to get by. Is there anything I can do, as a taxpayer, to help them out?
 
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