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View Diary: Ahead of profits release, ExxonMobil blames local station owners for prices (73 comments)

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  •  I agree that the media doesn't put things in (1+ / 0-)
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    context, but the profit margin of Exxon is much higher than the average corporation.

    "There’s nothing courageous about asking for sacrifice from those who can least afford it and don’t have any clout on Capitol Hill."

    by bay of arizona on Wed Apr 27, 2011 at 06:23:26 PM PDT

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    •  not so much (2+ / 0-)
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      Sparhawk, nextstep

      O&G companies are gonna have a good year - maybe >10% return on investment - but they were losing money in '09, and generally they make much less %return than software, pharma or even most manufacturing. I can't believe how much whining there is when gas goes up a bit - still less money than I spend at the coffee shop (I live in a walkable neighborhood, drive a prius and drive less than 3k miles/year. My suggestions:
      buy oilco stocks, live in a walkable neighborhood, buy a hybrid.

    •  Are you sure about that? (3+ / 0-)
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      noladerf, Jon Says, nextstep

      Exxon's historical profit margins are pretty similar to other companies, especially if you look at the full cycle.  Oil was in the $30s a couple years ago.

      Let's also not forget that gas taxes at the pump are far larger than Exxon's profit and Exxon pays a lot of taxes on its profits.  

      I'd rather have Exxon make money than the nut jobs in the middle east.

      •  From the same post by Cohen (0+ / 0-)
        ExxonMobil’s earnings are in line with the industry average
        In 2010, ExxonMobil made less than 8 cents for every dollar of revenue from all of our businesses around the world. That’s less than half of companies selling pharmaceuticals, beverages, tobacco and computers, just to name a few. On a dollar-for-dollar basis, our earnings, and those of the U.S. oil and gas industry at large, are generally in line with the average earnings of all U.S. industries.


        by FOYI on Wed Apr 27, 2011 at 07:10:43 PM PDT

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