Exxon Smashes US Profit Records

[alicia-w]

http://money.cnn.com/2006/01/30/news/companies/exxon_earns/index.htm?cnn=yes

[SamSagnella]

EFF that ESS.

[feederband]

They didn't have to announce it every one knows the oil company's are making bookoo money...What scares me is how much higher will gas be next year...They surely don't want to post a loss next year do they....Were screwed...

[Stratosphere747]

Not unexpected with the rising cost per barrel. Could you imagine the oil companies profits if you believed that article of $267 per barrel....

"Our strong financial results will continue to allow us to make significant, long-term investments required to do our part in meeting the world's energy needs."

Would be nice if this commitment included alternative fuels besides oil....

[wxcrazytwo]

we'll keep paying..

[Stratosphere747]

We only keep paying because we set the market with our rate of consumption. It may just force our hand at finding other alternatives.

[Lindaloo]

Surprise surprise, NOT!! I am watching gas prices rise again.

[gtalum]

They didn't have to announce it...

Actually they do have to announce it.

Just liek the last profit numebrs from the third quarter, watch the margin. They still operate on a ~10% profit margin, which is pretty low.

[feederband]

Some how I knew you would be on their side.....I still don't agree with your 10% profit margin...They are getting about 50% more a month from me....

[gtalum]

Some how I knew you would be on their side.....

I'm on the side of free markets.

I still don't agree with your 10% profit margin...

It's all right in their financials. As a publicly traded company, it's all public knowledge.

They are getting about 50% more a month from me....

Their costs have gone up at a similar rate to their revenue. So even though their raw net profit is up, the net profit margin is about the same as it has been.

The easiest solution is to cut down usage of petroleum products. Buy a more fuel efficient vehicle and/or drive less.

[feederband]

gtalum....I'm 100% on the side of free markets...And I have bought fuel efficient cars and drive less...But the truth of it is they should just come out and say it doesn't how we charge--- you will buy--- you have too...Its great they are making money just sucks its mine....

[gtalum]

The thing is, you don't "have to" buy gasoline. You could move to right near where you work (or get a job near where you live), and/or move to a city with good public transport. We are only stuck in this position because most city planning in the US has been done very poorly for the past century, at least in part due to the oil lobby. It doesn't have to remain that way.

[gtalum]

Another good move is to buy energy stocks so that you can get back some of the windfall in the form of appreciation and dividends.

[feederband]

The thing is, you don't "have to" buy gasoline. You could move to right near where you work (or get a job near where you live), and/or move to a city with good public transport. We are only stuck in this position because most city planning in the US has been done very poorly for the past century, at least in part due to the oil lobby. It doesn't have to remain that way.

Easier said than done...

[feederband]

Another good move is to buy energy stocks so that you can get back some of the windfall in the form of appreciation and dividends.

Thing is the energy sector is out of most peoples investment price range nowadays..

[george_r_1961]

The thing is, you don't "have to" buy gasoline. You could move to right near where you work (or get a job near where you live), and/or move to a city with good public transport. We are only stuck in this position because most city planning in the US has been done very poorly for the past century, at least in part due to the oil lobby. It doesn't have to remain that way.

I drive my personal car for business; please dont tell me to find a job that doesnt require me to drive my car. I cant very well deliver pizzas riding a bus. This is what I do for a living. The point you seem to be missing is the big oil companies are showing record profits while us peons struggle to put gas in our cars and heat our homes.

[gtalum]

Thing is the energy sector is out of most peoples investment price range nowadays..

True, the best time to buy energy sector stocks was 2-3 years ago. There are still good buys in the industry, though, you just have to look harder for them.

[alicia-w]

we dont have public transportation where we live. not every town has that.

my car gets great gas mileage and since my husband and i work in the same office, we drive in together.

[gtalum]

we dont have public transportation where we live. not every town has that.

I undertsand, because my area has very poor public transit as well. Improved transit should be something that we all demand of our elected officials, though.

my car gets great gas mileage and since my husband and i work in the same office, we drive in together.

That's a good idea.

We bought my wife a new VW Passat TDI (40+ mpg!) last year because she has a 55 mile commute each way to and from work.

[alicia-w]

it's a good idea as long as he behaves himself.