Today news....gas prices going up to near $5 tomorrow

[kyle4501]

KT, check your facts closer, your not even in the same ballpark on the profit, or post the stats to back it, also post the source.

Cody, would you care to support your statement with stats & including your source?

[kyle4501]

Guys Wal-Mart makes as much profit as some of the oil cos and never is anything ever said and they have less than 5% of the investment and EPA rulings have no affect on them

Let's not leave out microsoft. With the way they marketed their 'product', it is easy to associate them with the deciet of big tobacco . . . .

[junkman42]

Does anyone know if tangueray and diesel mix?  I think that We would better off talking about the effect of tangueray and camel --------on the average bus nut.  How about a discussion on the wisdom of printing "warning may cause death----" on a ruger 44 magnum.  John

[cody]

http://www.americanprogress.org/issues/2008/02/high_oil.html                                                                                                      http://www.nytimes.com/2008/02/01/business/01cnd-exxon.html?em&ex=1202101200&en=575e77c5fd8688b0&ei=5087%0A            http://finance.aol.com/financials/exxon-mobil-corporation/xom/nys/key-ratios                here are some, the last one includes profit margins, both gross and net, I guess 31% is average, right?

[buddydawg]

Here is a list of profit margins sorted by industry. (downloaded from Yahoo)
You can see where Oil Industry ranks as far as profit margin.

Exxon was somewhere around 10%


Industry                                          Market Cap   Net Profit Margin (mrq)

REIT - Healthcare Facilities                28.51B                45.3
Silver                                          4.32B                27.7
Long Distance Carriers                23.37B                26.5
REIT - Industrial                             46.84B                25.1
Application Software               474.86B                23
Information & Delivery Services   15.01B                22.6
Industrial Metals & Minerals               405.83B                20.4
Cigarettes                            246.33B                20.2
Copper                                          54.61B                19.6
Internet Information Providers   193.71B                19.3
REIT - Retail                             110.41B                18.3
Drug Manufacturers - Major               1041.56B                18.3
Agricultural Chemicals                202.02B                17.3
Shipping                                           42.49B                17
REIT - Office                               19.60B                17
Networking & Communication Devices    157.38B                16.7
Healthcare Information Services       8.39B                16.3
Steel & Iron                              335.23B                16.2
Publishing - Periodicals                   13.54B                16.2
Foreign Regional Banks                 3560.52B   15.4
Beverages - Wineries & Distillers      63.19B                15.2
Technical & System Software      42.23B                14.2
Oil & Gas Equipment & Services      273.75B   13.6
Railroads                                             314.95B   13.5
Oil & Gas Drilling & Exploration       422.06B   12.9
Gas Utilities                                 107.30B   12.9
Beverages - Brewers                  105.97B   12.9
Medical Appliances & Equipment      157.02B   12.7
Semiconductor Equipment & Materials          58.75B   12.6
Insurance Brokers                                  32.49B   12.5
Entertainment - Diversified                    148.14B   12.3
Computer Peripherals                     26.67B   12.3
Regional - Northeast Banks                     71.27B   11.9
Telecom Services - Foreign                   484.01B   11.8

[cody]

Exxxon/mobile's gross profit margin was 31%, operations profit was 16% and net profits margin was 11%, one interesting note is that exxon's gross earnings for last year was listed at 1.5trillion, the GDP of Canada was 1.43 trillion.

[cody]

I really don't see where any of this discussion will actually change anything or help anyone, some here feel that the oil companies profits are justified, others dont.  Some don't mind paying whatever it says on the pump, others don't lol.  The main thing is that in november the new president will save us all and life will be good. lol

[luvrbus]

Right on Cody I have some ocean front property here AZ I am going to sell after Nov.

[cody]

Cool, how much? can I use a bridge as a down payment? lol

[HighTechRedneck]

The main thing is that in november the new president will save us all and life will be good. lol

Yup, and no matter who wins, there will only be one thing left to say ..........

[kyle4501]

I really don't see where any of this discussion will actually change anything or help anyone, some here feel that the oil companies profits are justified, others dont.  Some don't mind paying whatever it says on the pump, others don't lol.  The main thing is that in november the new president will save us all and life will be good. lol

These discussions are fun. 
It allows us to get to know each other better & have a better understanding of how others think (or in some cases, don't  )

Also is the enlightening insight into the reasoning process of others. Some use logic, others use emotion, still others simply rely on what they read somewhere without trying to comprehend the context. 


Yes, these conversations are fun! 

[kyle4501]

http://www.americanprogress.org/issues/2008/02/high_oil.html                                                                                                      http://www.nytimes.com/2008/02/01/business/01cnd-exxon.html?em&ex=1202101200&en=575e77c5fd8688b0&ei=5087%0A            http://finance.aol.com/financials/exxon-mobil-corporation/xom/nys/key-ratios                here are some, the last one includes profit margins, both gross and net, I guess 31% is average, right?

Thanks for the source.
Gross profit means little to the health of the company when taken by itself. It only counts the costs directly related to the product. If the overhead is 0, then gross = net. The more overhead cost you have, the smaller your net profit will be. The bean counters can skew the numbers, but there are some standards they have to comply with thanks to Enron.

Many a company has gone out of business with a positive gross profit due to the negative net profit caused by high overhead (think liability).

[cody]

I agree completely, it's sad when people don't comprehend numbers or facts, or just rely on what some call facts, but it is enjoyable to discuss a subject.  One thing that happened up here that is kind of an eye opener is that a citgo station was closed by executive order of the states attorney generals office, says pending an administrative hearing, I haven't actually went to see it but apparently it has the notice on the door and yellow tape on the pumps, what I heard is that it jumped to 5.16 over night, from 3.59, looks like they arn't cutting hugo any slack lol. Apparently that happened this morning.

[cody]

The listed gross profit margin was 31.65%,  operations margin was 16.08% and net profit was 11.32%. the net profit number is actually the most important, that tells what is going on after everything has been paid, by contrast, microsoft had a net profit margin of 9.2% and walmart had 6.1%.  Last year exxon/mobile had earnings of 1.5 trillion, that figured out to more than that of 120 countries.

[JohnEd]

RickB,

So very sad that you thought you needed to make an apology.  Might say more about me than you possibly.  A line from a movie "Mister, if you don't think you are being rude, you must be from New York city".  Yeah, it might have come across a little strong but I for one will gladly tolerate your style and emotion to hear your candid opinion and reasoning.  No poopy on that score.   I thank you for those.  Of course, I am biased....I agree with what you said in spirit if not more.  You are a larger man that most to take the action you did to even avoid the possibility being taken as using personal attack in your opinion.  I didn't see it that way if allowance is made for the "flatness" of this medium and all of our modest abilities with the mother tongue.  Mine is surely more modest than others.  Personally, not being able to use profanity has halved my vocabulary and ruin't my "stile".

The Fed can't do a single thing right and should but out.  Hmmmm. Private industry is superior..... Hmmmmmm.   Now about Fannie and Freddie and the hundreds of billions they have absorbed.  AIG Corp for $85 billion in today's paper.  EXXON got a tax break in the billions a couple years ago so I guess we can be thankful that that "gift" has served to hold down fuel costs, especially considering that EXXON needed that break because they were posting record profits at the time and have continued to do so every quarter since.

Been gone a while.  Computer is all checked out and I am not spreadind and virus or spyware stuff.  I especially enjoy all the different opinions on seeming .......

Does anybody know what diesel is selling for in Venezuela?  It was 11 or 17 cents per gallon I read.

Thanks,

John