Quote:
Originally Posted by kevenj
Exactly! We must have been posting at the same time (read my reply above yours).
If the Auto Parts store I work at tried to operate on a 9% margin, we'd be out of business in 2 weeks and i would not have a job. But it is easy to blame Exxon for everything.
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Oil companies make money, they treat Gas like the stock market.
Kenneth P. Cohen, Exxon Mobil's vice president for public affairs, said the earnings reflected the company's
"long-term, disciplined approach" and investments made a decade ago when oil prices were low
Exxon Mobil's Profit in 2007 Tops $40 Billion - washingtonpost.com
Revenue for the quarter rose 30 percent, to $116.64 billion. Exxon's profit for the year came to $4.6 million an hour.
Chevron's quarterly revenue grew 29 percent, to $61.41 billion.
Profits of the five biggest international oil companies have tripled since 2002.