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To: reaganator
Big oil tanks up: Exxon's profit nears $10B
38 posted on 02/26/2008 4:53:46 PM PST by shuckmaster
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To: shuckmaster

That article is nearly 2 1/2 years old.


66 posted on 02/26/2008 5:22:47 PM PST by thackney (life is fragile, handle with prayer)
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To: shuckmaster

An example of media propoganda. Do the math. Take the price of an Exxon share times the number of shares outstanding. This gives you the total investment Exxon has. Then divide the profit number by the total investment. The net result is Exxon made $0.08 for every dollar invested. That is hardly a mind blowing number. The size of the profit total is so large because Exxon is huge, not because they are making a bundle per dollar invested. There are technology companies the make 25 - 30% profit per dollar invested an nobody screams about their obscene profits.


176 posted on 03/10/2008 12:09:29 PM PDT by CMAC51
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