Haha, I'll steal CGM thunder: Exxon reports record profits

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<p><a href=“Exxon Mobil tops 4Q earnings forecast to cap record year - Jan. 30, 2006”>Exxon Mobil tops 4Q earnings forecast to cap record year - Jan. 30, 2006;

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<p>Shareholders must applaud with glee. On the other hand, I applaud a smaller footnote: that dinosaur Lee Raymond finally retired last December. Now, he can devote all his time and energy to his continuing battle with the local all-girls high school (Melinda Gates alma mater). </p>

<p>I hope that Exxon uses all its billions to start showing a more humane face and address our environmental issues with a little more vigor.</p>

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<p>I’ll bet that all of the pension plans that hold Exxon are very happy indeed.</p>

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<p>An outstanding alumnus of the University of Wisconsin. His wife also graduated from the UW.</p>

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<p>Yeah, I REALLy want to go there. idk if I have a chance OOS.</p>

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<p>Ben Stein on the Big Oil Companies</p>

<p><a href=“http://www.spectator.org/dsp_article.asp?art_id=9260[/url]”>http://www.spectator.org/dsp_article.asp?art_id=9260&lt;/a&gt;&lt;/p&gt;

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<p>Well…maybe ExxonMobil will change their mind about offering me an internship???</p>

<p>At least I got nearly a week in Utah on them in October…</p>

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<p>Ok, xiggi, you opened this can of worms! Now I’m curious. What’s Lee Raymond’s beef with Ursuline? Metro Dallas is a big area, and I’m out of the loop!</p>

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<p>why the oil companies are making money is simple
They take blank percent as cost of procuring oil for redistribution, as cost of oil goes up so does their share- same percent- but dollar amount is bigger</p>

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<p><a href=“Yale Global | Yale and the World”>Yale Global | Yale and the World;

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<p>So during a time of war, which our President reminds us every day, over and over, this company, hunkered down, and did the patriotic thing, and didn’t gauge the American People</p>

<p>Good for them!@!!! Wow, so when my neighbor, who is on a fixed income was paying $3.00 for a gallon of gas, so Exxon could make BILLIONS, that must make those share holders feel so proud and worthy</p>

<p>So say you are a small share holder, you have been paying higher gas prices for your car, truck whatever, another 100 a month, did those share holders bring in 1200 in stock dividends to balance out?</p>

<p>Its a good thing the President made sure that during a WAR, that the corporations did their share and bit the bullet.</p>

<p>So, those share holders that made an extra $500 this year, but paid an extra $1000 for gas, bet they are feeling really smart</p>

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<p>citygirlsmom, I have to disagree with you on this one. One way to protect yourself from oil shocks or health care costs is too own stock in these companies. </p>

<p>Obviously, some people can’t afford to do that. For those that can, it may prove to be a good decision, financially.</p>

<p>If you end up down $500 instead of a $1,000 because you own some stock, that’s better than being down $1,000.</p>

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<p>But being down a $1000 was because they raised the price of gas for no real reason that anyone can really justify</p>

<p>During a natural disastor, do they need to make a huge PROFIT…why not break even during a time of crisis, why were we paying over $300 a gallon…if they had higher expenses and didn’t have the gas to sell, then how in the world did they make a record profit</p>

<p>bunch of hooey</p>

<p>But guess the war and the hurricanes, were enough of a reason to make huge profits</p>

<p>Come on, a few people made money, while most paid high gas prices that had no real basis for being so high</p>

<p>If there were so many expenses due to Catrina and the war, etc, how did they make so much money</p>

<p>Telling me to buy stock in oil so I can cover myself when they raise prices to make a record profit is circular logic and just plain silly</p>

<p>Its a good thing that they are using all that money to help our country in a time of war,woo hoo</p>

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<p>And the MAJORTITY of Americans were down the $1000</p>

<p>Patriots my pattoty</p>

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<p>For a minute, I thought I was back on the Cindy Sheehan thread;)</p>

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<p>No one wants to address the issue of oil companies raising their prices during natural disasters and a war and gauging the American people so they can make RECORD PROFITS>… whats wrong with just profits?</p>

<p>Good thing you all care about the seniors in this country, and the truckers, the cab drivers, the delivery companies, the fire truckts, the school buses and districts, the cost of all the other goods that will go up because of the profits of a few companies (due to using oil in producution)</p>

<p>Good thing all those prices will go up because EXXON needed to make record profits</p>

<p>My H is a contractor and relies on deliveries of materials daily, mos tof the companies had to increase their prices by adding a surcharge to just cover gasoline prices, when prices went down, they lowered the surcharge, so EXXON making a record profit was at the cost of other businesses, small companies just getting by</p>

<p>That is the American way, small companies, the back bones and pride of AMerica, your neighbors, your dads, your grandfather and mothers, hey they can take the hit while a few shareholders make a few extra bucks that they actually paid to themselves in way higher gas prices</p>

<p>Now that is smart</p>

<p>I am so proud that only share holders matter and that people that actually work and take care of business are irrelevent to you all</p>

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<p>“Telling me to buy stock in oil so I can cover myself when they raise prices to make a record profit is circular logic and just plain silly”</p>

<p>No it isn’t. It’s playing the game like the big boys. I have seen people do quite well doing this.</p>

<p>This country needs an alternative energy policy that will get us off the oil gravy train. In the long run, it will help us economically and we won’t have to go to war to protect our oil supplies.</p>

<p>To Expect Exxon to do anything but make money is not realistic. I don’t expect Exxon to be the company that moves us to alternative fuels. </p>

<p>This is where government can play a role.
Exxon’s interests and this country’s interests are not the same.</p>

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<p>CGM: It is not as simple as you think. For all major integrated oil companies production, refinning and marketing and chemical are separate functions. (it is like Anadarko, Valero and Dupont rolled in one)</p>

<p>Refinning buys the crude at the market prices. Production sells at the prices dictated by the world demand (why should they sell it at $30/b when they can sell the same crude to China at $60/b ? In most instances the inhouse production is not enough to support the refinning operation anyway). If you look at Exxon’s statement, their Chemical side lost money.</p>

<p>Yes they made money because most of their production assets were built with oil at about $20/b price point. Not long ago they lost money when oil was $10/b.</p>

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<p>To make money is one thing, to profit because of Natural disators and war is something quote different</p>

<p>But as Americans we need to care about ALL AMERICANS, and Exxon a company that gets corporate tax breaks, etc, well we need to care and not say woohoo to them</p>

<p>THey should be ashamed of making RECORD profits during a time of crisis</p>

<p>Did you not pay increased gas prices during Catrina crisis? </p>

<p>And as for the share holders, think smarter, whatever profit you might have made with exxon shares was very likely eaten up by higher gas prices, and higher prices over all</p>

<p>If EXXON hadn’t raise gas prices to please its shareholder, the share holders, the average Joe, would have been better of financially, because the costs of everything else would have been lower</p>

<p>A few bucks on the sound most likely did not make up for increased expenses on the other side</p>

<p>But people forget that…wow, I got a $500 dividend, but I don’t remember paying an extra $1000 in gas, an extra $100 for airfair, an extra $200 for delivery charges, $300 for clothes because of shipping charges, $400 in groceries due to trucking </p>

<p>But if you can continue to jusitfy record profits by one industry to the expense of dozens of others, goody</p>

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<p>It is not that simple, their RECORD PROFITS hurt many industries</p>

<p>But don’t pay any attention to that</p>

<p>Airline prices HAD to go up because the oil companies charged so much more</p>

<p>And to show record profits after all the excuses of why they had to raise gas prices to cover their costs shows they are not telling the truth, either then or now</p>

<p>If your expenses are so high, you need to raise prices, how do you make record profits, I would guess you would be in the same position you were before</p>

<p>I am not stupid, I am just wondering how you can ignore the effect of their high gas prices have had on other industries and not remember the price of gas</p>

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<p>“But if you can continue to jusitfy record profits by one industry to the expense of dozens of others, goody”</p>

<p>I’m not justifying or not justifying.</p>

<p>It’s what is.</p>

<p>If you have a company like Exxon that does well in times of an oil crises, you can own the stock and benefit (if you can afford it). In my opinion, there is no real oil crisis. However, oil is trading in the upper 60 dollar range despite my beliefs. </p>

<p>The best way to end high oil prices is to develop other energy sources.</p>