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neoconis_ignoramus neoconis_ignoramus is offline
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Default Oil chiefs say high prices not our fault

On Apr 5, 4:07*pm, VRWC Destruction Machine
wrote:
neoconis_ignoramus wrote in crayon...





On Apr 4, 1:52*pm, VRWC Destruction Machine
wrote:
neoconis_ignoramus wrote in crayon...


On Apr 3, 4:41*pm, VRWC Destruction Machine
wrote:
George Grapman wrote in crayon...


SteveB wrote:
The oil companies make 8 cents a gallon. *Various governments tax it over a
dollar a gallon. *Do the math, you ****ing genius.


Steve


* So why do the companies show record profits?


Record sales, you idiot. If you flipped 50 Burgers on your shift one
day and you flipped a 100 burgers the next day. It stands to reason
your fast food restaurant made more the second day. The reason why you
don't know that you might not have been elevated from the take out
window.


It's a shame your lemonade stand didn't make any profit, Curious
George.


-


Mitchell Holman thinks he is the greatest thing on
Usenet since Muhammed al Gore invented the Internet.
If Usenet revolves around Mitchie-Boy Holman why
won't he answer a simple question?


Who gives a rat's ass who Mitchell Holman is?


Um, nitwit, as I posted earlier, XOM's profit margins have almost
doubled in the last 10 years. *DOUBLED. *Know that that means,
nitwit?


Oh, as an added bonus, Operating Margin and ROE have MORE THAN DOUBLED
in that same timeframe. *You have any clue what that means, nitwit?
Why, of course you don't.


Your assertion that XOM's profts are a result of more sales is
patently ****ing false, but then again, most everything you write is
false, because it's based on uninformed kook conjecture or factoids
spewed from your repuke sources of "information".


http://quicktake.morningstar.com/Sto...10.aspx?Countr....


Year * *Net Inc. * * * *Margin
1998 * *6,370 * 5.41%
1999 * *7,910 * 4.26%
2000 * *17,720 *7.61%
2001 * *15,320 *7.18%
2002 * *11,460 *5.60%
2003 * *21,510 *8.72%
2004 * *25,330 *8.50%
2005 * *36,130 *9.75%
2006 * *39,500 *10.46%
2007 * *40,610 *10.04%


I'll post it again for your stupid ass. *Do try to decipher this
time.


It is now at 10% isn't excessive, only the Socialist. I posted that
said Mobil-Exxon made the most profits of the of *Fortune 500
companies, but was 127th in gross profit margin. Overhead costs
increased every year also which accounts for their increased profits.
You gotta stop being influenced by Liberal Dummycrat talking points.


-


Mitchell Holman thinks he is the greatest thing on
Usenet since Muhammed al Gore invented the Internet.
If Usenet revolves around Mitchie-Boy Holman why
won't he answer a simple question?


Who gives a rat's ass who Mitchell Holman is?- Hide quoted text -


- Show quoted text -


"Overhead costs increased every year also which accounts for their
increased profits"


So tell us, retard, how does increasing overhead costs lead to
increased profitability?


I'll tell you reason why. It appears people are focusing on 4th
quarter sales in 2007 which were lower than
the previous three quarters. The drop in the 4th quarter, doesn't
decrease the profits made in the first 3 quarters. I could explain it
in burger flipping terms, which you may have a better understanding of
the situation, *are would you prefer fries with that explanation?

Liberals always skew reality to fit their whine. Example: One year a
previous government entitlement program is increased by 7%, but the
following year Congress wants to increase it by 5%. Liberals will
circle the wagons and whine about a cut in the entitlement.



Please, if you don't know what the **** you're talking about, I
suggest you don't even try.


By the way, retard, only silly neophytes actually try to compare
margins (gross margin, profit margin, etc.) across industries. *They
teach you that in any high-school-level business course.


The way it looks, Dummycrats want to go the Hugo Chavez route by
nationalizing oil companies so all profits will go to the central
government.
-

Mitchell Holman thinks he is the greatest thing on
Usenet since Muhammed al Gore invented the Internet.
If Usenet revolves around Mitchie-Boy Holman why
won't he answer a simple question?

Who gives a rat's ass who Mitchell Holman is?- Hide quoted text -

- Show quoted text -


God what a convoluted, imbecilic response. 4th quarter sales? Hugo
Chavez? Entitlement programs? Focus, you ****ing illiterate. F-O-C-U-
S.

I wasn't focusing on any particular quarter, nitwit. I was providing
ANNUAL profitability margins for XOM. Annual profitability margins
(ROE, Net Income Margin, etc.) have doubled in the last 10 years. You
keep missing that point nitwit.

You are however, the first person in recorded history to claim that
increased overhead costs lead to increased profitability. You even go
the extra step of (feebly, haphazardly, tangentially) trying to back
that claim up.