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Automotive News & Views Report Your Local Gas Prices Here
8805 messages, Last post on Nov 27, 2009 at 11:25 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Is it me or does it seem to be unethical that 1 business, "Mobile" can make a profit, yes "PROFIT", of $39,500,000.00 in 3 months? That's Thirty Nine Million and Five Hundred Thousand Dollars in Profit in 3 months. I see that someone posted that Mobile raised their price $.25 a gallon after the news reported their year end profit. Have they no shame? In California Mobile is still charging $2.60 a gallon for regular unleaded 87-octane fuel. $2.70 for 89 Octane & $2.80 for 91 Octane. It seems that all we that care about being ripped off at the pump can do is simple complain. I've previously suggested last summer when the price was $3.40 for 87 octane that we boycott the service station every Saturday until they stopped ripping us off and lowered their prices to a reasonable profit margin. That would be something under $1.50 a gallon. This might not seem like a lot to some people, but it would mean millions lost in interest just for one day. If we all just got together on this and either purchased our fuel the day before on Friday or the day after on Sunday and did it until they lowered their prices, then they would see that it is us, the people who can take control. But we won't do it and they know it. That is why they made $39,500,000.00 in profit in 3 months and will do it again and again and again until something is done to make them stop. I believe that my suggestion is one way of stopping them. I'm sure that there will be some derogatory remarks to this post and those who will say that my suggestion will not work. Well then come up with another reasonable solution and I will be glad to listen. But until such time then don’t put down what you can not reasonably give another solution to.
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Replying to: johnny4016 (Feb 02, 2007 11:00 am) And it's 39.5 BILLION with a "B". Get it straight. 
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Replying to: johnny4016 (Feb 02, 2007 11:00 am) |
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Replying to: larsb (Feb 02, 2007 11:56 am) Get it straight." Additional info not generally found in the mass media: The $39.5 Billion in net profit was on total revenues of $377.6 Billion (profit margin of 10.4%). Total taxes paid by ExxonMobile in 2006: $100.6 Billion btw - the net income of $39.5 Billion for all of 2006 included a special $0.41 Billion tax related benefit (this would be the reverse socialism that is occasionally mentioned in here). So, without that tax-related benefit, ExxonMobile WOULD have paid a nice even $101 Billion in taxes in 2006 instead of the paltry $100.6 Billion. http://library.corporate-ir.net/library/11/115/115024/items/229203/xom_020107rel- ease.pdf Draw your own conclusions. |
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Replying to: rorr (Feb 02, 2007 2:47 pm) My conclusion is that some just can't stand to see the status quo/current regime bashed, and fixate on every post.
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Replying to: fintail (Feb 02, 2007 4:06 pm) |
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Replying to: fintail (Feb 02, 2007 4:06 pm) |
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are the type of people that are concerned about "fair" pricing for one and all, I'm just sure of it. Right. 
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paid 2.29x same station was 2.37x about a week ago. x=9. saw an ad in the paper, 3k off msrp on a new prius. i guess lower gas prices are having an effect on hybrid sales. |
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Replying to: rorr (Feb 02, 2007 2:47 pm) From the sounds of your post you seem very interested in the profit, taxes, etc., but what you failed to mention was several other factors. The tax credits, etc for example must also be in the billions if what you stated in your post is true. I kind of doubt it, but I will give you the benefit of doubt since you seem to have so much time on your hands to go through all the trouble of even posting a web site. I did not check it out and do not plan on it. I do not need to read some corporate garbage placed on an Internet library to know that every time I fill up my tank that I'm being ripped off. If it's from the market price or as I said in my post from the oil companies it doesn't really matter it's all the same, gouging on something that the American people need to use daily in their lives. Please to the person who is trying to either confuse the issue by comparing the profit of a home to the profit the oil companies made, your way off. Or quit possible you just did not give it much thought prior to posting your ramblings. Fuel is something that millions of people, businesses, etc use every day. A house is something that we all live in if we are fortunate enough to be able to afford one. The profit made from a 1-time sale of a house and the continuous every day profit that the oil companies make it like comparing apples and oranges. 
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