oil companies profitting...

[hhcchen]

ExxonMobil (XOM, news, msgs) earned more than $10 billion in the second quarter as high oil prices continue to swell the bottom lines of big oil companies.

http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/060727markets.aspx?GT1=8380
:clap:

great... now everyone loses portions of their incomes for high gas prices...
the high gas prices might cause inflations and those oil companies still have the most earnings...:laughabove:

[Ran Kizama]

Gotta love those greedy b*stards making massive money due to a speculative market.

"What? China is growing? Charge more!"
"What? War in the Middle East? Charge more!"
"What? American's will still pay $4 for premium? Charge more!"

We seriously need a government regulation on such a necessary resource as oil/gasoline. They say it's a time of oil crisis yet they post record profits last year. Yeah, big crisis.

[bulldogs2k]

If we can only get americans to spend less fuel.....Laws of supply and demand... if people only knew.

[Ran Kizama]

If we can only get americans to spend less fuel.....Laws of supply and demand... if people only knew.Are you trying to tell me to get rid of my ginormous Hummer that gets 2 MPG? Screw that, I need my penis compensation.

Reminds me of the Lowest Ego Emissions commercials for VW. Guy sitting in the Viper with a megaphone yelling, "To make up for my shortcomings!" over and over again. :laugh:

[Idjiit]

And that's how capitalism works, folks.

[bulldogs2k]

lol got to love the, " i need my SUV to keep my kids safe." rubbish....

[boxerboy]

Record prices and record consumption not surprised.:iono:

[TRD_Yaris]

If we can only get americans to spend less fuel.....Laws of supply and demand... if people only knew.

too bad people are morons. Hell, most people in the USA don't even realize how much their suburban tanks are costing them. Most people here are up to their EYEBALLS in debt and couldn't even tell you how much they owe in debt much less what their day-to-day costs are. They don't care if they're spending $80 twice a week to fill up, they do it on credit card (in which they are ONLY making minimum payments every month :laugh: :bellyroll: :laugh: :laugh: :bellyroll: )

[ChinoCharles]

The funniest thing about it is one of the reasons cited over and over again as to why gas prices are outrageous is damage to refineries from Katrina and the likes.

Call me crazy, but couldn't you guys take about .01% of the money you made in the LAST THREE MONTHS and have all those issues fixed really quick?

The hypocrisy is stifling.

Exxon earned $114 million a DAY during last quarter.
$1300 a second.

If my calculations are correct, in one second Exxon could send a Yaris on a 20,000 mile+ journey! Wow, those guys are great. Lets teach our kids to love Exxon. Click here (http://cgi.ebay.com/N-Scale-JR-Tool-Company-Exxon-Building_W0QQitemZ270012343789QQihZ017QQcategoryZ1 9127QQrdZ1QQcmdZViewItem) if junior's nightstand is a little bare. :evil:

[slvryaris]

ExxonMobil (XOM, news, msgs) earned more than $10 billion in the second quarter as high oil prices continue to swell the bottom lines of big oil companies.

http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/060727markets.aspx?GT1=8380
:clap:

great... now everyone loses portions of their incomes for high gas prices...
the high gas prices might cause inflations and those oil companies still have the most earnings...:laughabove:


Its also a suprise that George Bush and Dick Cheaney own a shit load of stock in oil companies. GO FIGURE....I live near a man that owns the Swifty Gas company and I talked to him and let me tell ya he will never be poor. The old tard has about 10 million dollars worth of horses and is trying to buy people out of their houses to knock them down and build more stables and shit.

[bulldogs2k]

i should start buying stock in oil companies lol.....i wish i could.....

[boxerboy]

You can buy Exxonmobil stock. I don't know if now is the time,:iono: but gas prices will go higher. You don't have to love the oil companys, but it would be nice to know how much money a day it takes for them to do business . Some how the media want us to think there is something wrong with record profits. I bet the beloved federal gov makes at least 3 times that much on taxes from the same oil.:frown: Our children are taught to love the federal gov:bow: and they will take care of you.

[hhcchen]

http://articles.moneycentral.msn.com/Commentary/Experts/Jubak/Jim_Jubak.aspx?msn=1
Stop whining; ExxonMobil is doing its job
Huge profits aside, this company is tending to the future -- and taking care of its stockholders.

Sorry, but ExxonMobil (XOM, news, msgs) critics are just plain wrong. They've picked the wrong target for their rage. ExxonMobil is actually doing a good job at what an oil company is supposed to do: find oil and gas and sell it to make money for its shareholders.

Want to get mad at somebody? How about oil-company executives like Lee Raymond, who resigned as chairman and CEO of ExxonMobil last December after pocketing $4 million in salary, $4.9 million in bonus and $32 million in stock -- just for 2005? Or the boneheads in Washington who, flush with oil and auto company campaign dollars, have kept automobile mileage standards stuck at the same level since 1985? When any politician pretends outrage at the pain the "average consumer" feels at the pump, blow 'em the raspberry they deserve.

Want a short-term fix? Drive less. Drive slower. Car pool. Take a bus. Buy a more energy-efficient car. Put a solar hot water heater on your roof. Lobby Congress to stand up to Detroit and require higher miles per gallon in the cars it builds.

http://articles.moneycentral.msn.com/Commentary/Experts/Jubak/Jim_Jubak.aspx?msn=1
yeah... i guess i'll stop whining...:laughabove:

[ChinoCharles]

I don't think anyone was aiming at Johnny Refineryworker... We know the corruption lies at the top, and that goes for government, enterprise or otherwise. Exxon is doing a wonderful job at what oil companies aren't supposed to do but do anyway... find oil, refine it, make a lot of money, and spread 90% of it among the few hundred people at the top of the company. Who the f&#% needs 50 million dollars? Hell, who needs 10? Or 5? Honestly. I'm going to go watch my Woodstock DVD... haha.

[boxerboy]

Its not a question of who needs how much money. If you limit the amount of money someone can earn you won't get much. The oil companys work off a 7-9% profit margin. Why does no one every say why is that guy playing a game (baseball, football, basketball and ect.) making millions? I will tell you, its not what you are worth it how much money you can make your owners ( team owner or shareholders). If you can make someone or a large number of people billions, then why shouldn't that person be paid millions? Thats business. On a side note why do I get the feeling that a lot of people on the road seem to (not the people on this forum after all you bought or want a yaris) think it manly or some how cool to keep forking out big bucks for gas? You know kind of like its no problem for me I can handle it I'm a big man. Oh, by the way I don't need 5 millions, but I could do something with it. F*&$#+@ ME

[bulldogs2k]

people are trading there big rigs in for smaller cars/trucks. Who knows, maybe the demand for gas will shrink and the prices will decline.....but thats a long shot.

[Chaad32]

It could happen in the long run when hybrids start to rely less and less on fuel.

[Buckethead]

Get some stocks in oil, or oil groups, and make a profit yourself.
I'm all for that.
Also with having a Yaris, I don't have to worry about getting shafted with high gas prices.

:thumbup:

[why?]

The oil companies don't set gas prices, at least it seems everyone here understands that.

ExxonMobil made 10 billion, more than half of that went back into exploration/refinement etc. Thats more than half their profit goes into earning more money.

I agree with the article, there is no excuse for the cafe limits to be as low as they are. And there is no excuse for Heavy Trucks/Semi's/Busses not to be in there as well.

We know manufacturers can make cars that get 60 mpg, we need to force them to bring them here.

[bulldogs2k]

I agree! Norfolk has a few electric/diesel hybrid busses running around town. They are really quiet too.

[seriousfun]

This is way beyond free-market supply and demand...

We as US taxpayers (I suppose the CANs and AUs do too, to some extent) pay billions each year in tax breaks to the oil companies. This brings their profit after exploration way up from the estimate cited.

We as consumers do make choices here, paying more by driving low-MPG vehicles, paying more for consumer goods, travel, etc. We also support oil companies directly - even if we can't afford individual stocks we have 401ks, IRAs, etc., and many of these invest in oil companies. I choose not to invest in companies that pay their executive like Exxon has, if possible. Simply enforcing current law (Sarbanes-Oxley etc.) might go far to correct many inequities.

Gasoline has become a utility. Few of us can get by without at least some of it. The oil companies do indeed set the retail price of gasoline by operating monopolistically. I wish I could raise my company's prices simply because the cost of my raw materials fluctuates, but I could only do this if all of my competitors do this concurrently, as happens in the oil industry. As a matter of national security, economic stability, etc., I believe we have to make a major change and tax 'n regulate gasoline as a utility.

If we are here, driving Yarii, we are all doing our part to help this situation (although I always wonder if we all drove the least-efficient vehicles that we could, used as much gas as we could, that we would actually deplete long-term supply to the extent that the auto makers would suddenly go to their closet and pull out those designs for 300 mpg cars...).

[boxerboy]

You want to see a gas shortage , then let the goverment set the price.

[Kr0n1k]

Imagine if we had the Yaris 10 years ago when gas was a $.99 USD a gallon. You could drive across the country with roughly $50 in gas. Now it would take probably more around $200 - $250 in gas. Ow...