Exxon Mobil...RECORD PROFITS..

[AlfredB1979]

Originally Posted by jimboburnsy

Exxon is still making money. It isn't because the company is evil and trying to keep the little man under its thumb, either.

Exxonmobil is an enormous company. A vertically integrated economy of scale, if you will. It will generate a profit in any economic environment because it makes money at every point from the pump all the way upstream to the wellhead.

And I don't think anyone should have been surprised that one of the largest companies in the world that produces, refines, transports and sells commodities that were trading at historic highs made a lot of money in 2008. None of that was Exxonmobil's fault.

No biggie. These CTers also think it's shameful that WalMart makes a profit. You know, because it's a guarantee that a company will always be able to keep its doors open and hand out an occasional raise on wellwishes alone.

Not quite as big a fantasy as being 100% oil independent. (Because lubricants that can withstand high temps of something like the innards of an electrical car are made from unicorns or something like that...)

[Mathguy]

Originally Posted by AlfredB1979

No biggie. These CTers also think it's shameful that WalMart makes a profit. You know, because it's a guarantee that a company will always be able to keep its doors open and hand out an occasional raise on wellwishes alone.

Not quite as big a fantasy as being 100% oil independent. (Because lubricants that can withstand high temps of something like the innards of an electrical car are made from unicorns or something like that...)

lol.

Most of those people work for the government, a non-profit or on some sort of assistance etc. and just don't get it. You ask them where their money comes from...they don't seem to realize it comes from...taxes. Sadly, I run into a lot of teachers that think this way. It just doesn't hit them that companies need to make profits and that their salary is indirectly paid by those profits and the wages they pay thier employees.

Perhaps it's the same unicorns that provide the money to pay people with jobs like these?

Oh well, we just layed another 40 people off in the last week...thank god we around making profits and gouging people though. Maybe they will start caring when their job gets cut because the tax revenue falls.

[Oildog]

Originally Posted by Shuffler

Exxon is also involved with alternative fuels R&D, so look for them to be a player in that market someday...(when we're no longer 'addicted to oil')

Exactly...along with General Electric, Shell, Chevron, ConocoPhillips etc. Note they are all slightly changinging their names to be 'Energy' companies rather than oil companies.