The Outhouse - The Greatest Comic Book Forum

[MoneyMelon]

That may happen sooner than you think if this happens...

Clicky

They should put me in charge of foreign relations.

I'd get everybody to chill out.

[L Independant]

That may happen sooner than you think if this happens...

Clicky

Exxon's PROFITS in 2007: $39 billion...for a corporation, and shareholders.

Venezuela's GDP in 2007: $219.372 billion...for an entire country of 27.5 million people. Compare that to the US: 13.770 trillion for a population of about 302.711 million people (do the division of both and find per capita income).

Exxon needs to shut the fuck up and not sue poor people out of what little income they have.

[DeadFett]

Exxon's PROFITS in 2007: $39 billion...for a corporation, and shareholders.

Venezuela's GDP in 2007: $219.372 billion...for an entire country of 27.5 million people. Compare that to the US: 13.770 trillion for a population of about 302.711 million people (do the division of both and find per capita income).

Exxon needs to shut the fuck up and not sue poor people out of what little income they have.

Absolutely. Exxon sucks. Their greed is disgusting.

[David Bird]

I'm just waiting until we realize that Canada's got oil and they're a hell of a lot closer

I think you're a decade or two late. The US-Canada, and North America free trade acts gave you ready access to both our oil and gas and Mexico's.

[MoneyMelon]

I think you're a decade or two late. The US-Canada, and North America free trade acts gave you ready access to both our oil and gas and Mexico's.

I didn't say I was interested in sharing

[David Bird]

Obama has taken the lead!

[L Independant]

[David Bird]

Obama wins ten for ten and a major George W and McCain supporter comes out for him.

[The Juan Percenter]

Absolutely. Exxon sucks. Their greed is disgusting.

Actually, they paid over 40% in taxes this year and their profit margin stayed flat - 10%. The culprit here is us. They are only supply what we demand. Use less energy and Exxon's profits will fall

[David Bird]

Could you source that info?

[David Bird]

Here's a counter argument: Exxon actually paid only 7 percent of their total revenue, 30 out of 405 billion.

[The Juan Percenter]

Could you source that info?

http://seekingalpha.com/article/63131-e ... tors_picks

It is simple math if you understand profit margin :

http://moneycentral.msn.com/investor/in ... Symbol=XOM

40.61 NI = 10.04 Profit Margin.
$404.55

Meaning Exxon only keep 10% of what it earns. Compare that with 3M or Microsoft

[The Juan Percenter]

Here's a counter argument: Exxon actually paid only 7 percent of their total revenue, 30 out of 405 billion.

I wouldn't trust Huffy Post for economic analysis. This article is filled with a lack of basic accounting concepts.

Since when should we be "criticizing its record $40.6 billion profit in 2007" Is it bad to earn a profit now

[David Bird]

Thanks.

The first link, the analysis, is the original source for this info and hardly more unbiased than Huffington. And paying 30 billion in taxes when you have more than 404 billion coming in hardly seems unreasonable.

[The Juan Percenter]

Thanks.

The first link, the analysis, is the original source for this info and hardly more unbiased than Huffington. And paying 30 billion in taxes when you have more than 404 billion coming in hardly seems unreasonable.

Taxes are applied on EBT (Earnings Before Taxes). They are paying about 41% - $30 billion over 67 billion EBT. It's not biased, it is basic accounting. Taxes are calculated on what you keep, not what you make. Exxon only keeps 10% of what it makes. If you think that is too much, then maybe we should start going after MSFT (20% PM) as well.