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(SFGate)   Chevron officials take an extra day to practice their somber look, then announce record 4Q profit of $7.25 billion   (sfgate.com) divider line 30
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484 clicks; posted to Business » on 02 Feb 2013 at 5:42 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-02-02 03:20:16 PM
The Obama tax increase just killed them this year.
 
2013-02-02 03:22:32 PM
Someone throw them some more gubmint subsidies, quick!
 
2013-02-02 03:52:06 PM
encrypted-tbn2.gstatic.com
 
2013-02-02 03:57:19 PM
This is what the Founding Fathers would have wanted.
 
2013-02-02 04:40:19 PM
God damn Obama just totally killing corporations.
 
2013-02-02 04:42:39 PM
Great news!
 
2013-02-02 06:16:26 PM

Dancin_In_Anson: Great news!


Koch sucker posts, drink!
 
2013-02-02 06:18:55 PM
Let's see...

$3.70 per share, a big chunk of which was a one-off sale/swap of some rights to an oil field.

They were planning on a bit over $3 per share without it - let's assume they keep up the $3.70 rate for three more quarters, though.

Share price went up to $116.50.

That would be $14.80 per share, or a 12.7% return on investment. Not bad, but hardly earth-shaking.
 
2013-02-02 06:33:24 PM

kmmontandon: Koch sucker posts, drink!


Since when have you had a problem with harvesting minerals for profit?
 
2013-02-02 07:00:20 PM

Dancin_In_Anson: kmmontandon: Koch sucker posts, drink!

Since when have you had a problem with harvesting minerals for profit?


I have a problem with subsidizing companies that make $7 billion in profit.
 
2013-02-02 07:04:00 PM

Dancin_In_Anson: kmmontandon: Koch sucker posts, drink!

Since when have you had a problem with harvesting minerals for profit?


I have a problem with a plutocracy entrenching itself behind further wealth.

There was a reason the late 1800's sucked for most people - we're deep enough into a second Gilded Age as it is.
 
2013-02-02 07:12:50 PM

cameroncrazy1984: Dancin_In_Anson: kmmontandon: Koch sucker posts, drink!

Since when have you had a problem with harvesting minerals for profit?

I have a problem with subsidizing companies that make $7 billion in profit.


How about a company that makes $13 billion in profit?

"Last year, CNN broke down the oil company subsidies. They identified the single largest subsidy as the Section 199 Manufacturer's Tax Deduction. It is an income tax deduction, and not any sort of cash subsidy that is being paid to the oil companies. More importantly, not only is it not limited to oil companies, but oil companies have already been singled out for a reduction in the tax credit. Other industries get to take a 9% deduction for Section 199, but oil companies are restricted to 6%. So Apple and their 28% profit margin gets to deduct 9% from their U.S. based manufacturing activities, and Tesoro with their single-digit profit margin gets to deduct 6%. So the question that should be asked is "Why are we giving oil company subsidies to Apple, Google, and Microsoft?" If you want to eliminate Section 199, fine. Just do it for everyone."
 
2013-02-02 07:45:19 PM
Wow looking at the first handful of comments I thought I was reading youtube comments.
 
2013-02-02 09:15:34 PM

cameroncrazy1984: I have a problem with subsidizing companies that make $7 billion in profit.


What subsidies do you speak of?

beer4breakfast: the Section 199 Manufacturer's Tax Deduction



Oh snap!
 
2013-02-02 09:30:54 PM

beer4breakfast: cameroncrazy1984: Dancin_In_Anson: kmmontandon: "Why are we giving oil company subsidies to Apple, Google, and Microsoft?" If you want to eliminate Section 199, fine. Just do it for everyone."


If we raise their taxes they'll stop creating jerbs! Ehrmagerd!
 
2013-02-02 09:58:00 PM
* fap * * fap * * fap*

Keep your mouth open ... its gonna trickle down all moment now ...
 
2013-02-02 09:58:38 PM

nmemkha: * fap * * fap * * fap*

Keep your mouth open ... its gonna trickle down anymoment now ...


/sahdkl;saj;ocxz
 
2013-02-02 10:47:00 PM
Don't like it? Stop buying gasoline. Farktards.
Oh, and where was the snark after Apple announced 13B net profit in Q4?
Their margins are triple Chevron.
 
2013-02-02 10:50:44 PM
And the US takes in approxinately $25 billion in taxes on gasoline.
 
2013-02-02 11:00:00 PM

cirby: Share price went up to $116.50. That would be $14.80 per share, or a 12.7% return on investment. Not bad, but hardly earth-shaking.


Share price is swayed by profit, so this argument is circular.

tjfly: Oh, and where was the snark after Apple announced 13B net profit in Q4?


We're here.  You may not notice us when searching for hypocritical apologists, but Apple gets a lot of grief for profiting off the backs of third-world laborers.
 
2013-02-02 11:05:03 PM
They can't let the middle classes have any extra money. Its not part of the plan. So with the economy picking up a bit they will kick us in the "necessiables" to keep us down.
 
2013-02-03 12:08:29 AM
dragonchild:
tjfly: Oh, and where was the snark after Apple announced 13B net profit in Q4?

We're here.  You may not notice us when searching for hypocritical apologists, but Apple gets a lot of grief for profiting off the backs of third-world laborers.


But chevron doesn't.... So.... Not seeing your point, or better seeing your arbitrary double standard.
 
2013-02-03 04:17:23 AM
We must punish this success.
 
2013-02-03 04:57:49 AM
dragonchild:
Share price is swayed by profit, so this argument is circular.

It went up by less than one percent, changing the return on investment by about three cents out of about $3.60. It's a circle too small to make any real difference.
 
2013-02-03 06:24:20 AM

tjfly: dragonchild:
tjfly: Oh, and where was the snark after Apple announced 13B net profit in Q4?

We're here.  You may not notice us when searching for hypocritical apologists, but Apple gets a lot of grief for profiting off the backs of third-world laborers.

But chevron doesn't.... So.... Not seeing your point, or better seeing your arbitrary double standard.


Wait, wait, are we not giving Apple enough grief, or Chevron?  I'm confused.
 
2013-02-03 07:56:17 AM

natewill: If we raise their taxes they'll stop creating jerbs!


No, they'll pass it on to you.
 
2013-02-03 01:13:34 PM
See that?  Corporate welfare works!  Thanks American taxpayers.
 
2013-02-03 02:52:43 PM

cameroncrazy1984: Dancin_In_Anson: kmmontandon: Koch sucker posts, drink!

Since when have you had a problem with harvesting minerals for profit?

I have a problem with subsidizing companies that make $7 billion in profit.


Exactly what "subsidies" do oil companies get that are unavailable to any other heavy industry?

Where are these "oil industry subsidies"?  Do oil companies get some kind of subsidy check from .gov?
 
2013-02-03 04:13:30 PM

Ontos: Exactly what "subsidies" do oil companies get that are unavailable to any other heavy industry?


LIHEAP is one, but I doubt there's a liberal that thinks the feds should get rid of it.
 
2013-02-03 04:36:15 PM

Ontos: Exactly what "subsidies" do oil companies get that are unavailable to any other heavy industry?


Access to our energy and military policies.  Probably worth several hundred billion a year before we try to put any sort of dollar amount on the bloodshed.  Not that it's all on them, though.  If Uncle Sam didn't get on his shameless knees and deep-throat the very terrorists trying to kill us, voters would show up enraged that gas was up to $8/gallon.  Big Oil is just a mirror of America's bad side, like ambulance-chasing lawyers.  They're remorseless sociopaths, but they wouldn't be relevant if their very existence wasn't propped up by an insatiably materialistic populace.
 
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