[PRCo] Re: Excess Profits - Oil Companies

[Fred Schneider]

Yes, and on what sales volume in dollars?   What is that as a  
percentage of sales?

If I can get 4% from a CD in a bank and that is better than investing  
in an oil company, guess where I'm going to put my money....

But I'm not about to put it in a CD.   My best investment so far was  
putting $10,000 into an international stock and bond fund.   That  
turned into $17,000 in less than three years, principally because in  
is in solid currencies and not in our weak dollar.   The money I had  
in U. S. investments went the other way, such as my IRA fund.

On May 22, 2008, at 9:54 AM, Jerry Matt Matsick wrote:

> Fred Adding to what have you stated all ready please find:
> Profits from the four major oil companies combined in 2007 was $100  
> billion
> (US News & World Report, May 22, 2008)
>
> In the fourth quarter of 2007, Exxon's profits were $10.25  
> billion.  That
> was the highest quarterly and annual profits ever for a US Company  
> - it rose
> 14%,  nearly quadrupled from $11.5 billion in 2002.  Their previous
> quarterly record was $10.7 billion, (CNN Money.com, Feb 1, 2008)
>
> In 2004, Exxon's CEO, Lee R. Raymond's annual compensation package  
> was $38
> million, a jump from his 2003 package valued at $27.9 million.  
> (Forbes.com,
> April 13, 2005).  In 2005, his annual compensation was $51.1 million
> ($141,000 a day, $6,000 an hour) and he got a retirement package  
> worth $400
> Million.(ABC News, April 14, 2006)
> --
> From the River City by the Sea!
> Jerry "Matt" Matsick
> "Jacksonville"
>
>
> -------------- Original message from Fred Schneider  
> <fwschneider at comcast.net>: --------------
>
>
>> And the total US consumption is 140,160,000,000 gallons of gasoline
>> per year plus diesel plus kerosene plus plus number heating oil plus
>> number six oil plus benzin plus other chemicals plus plastic pellets
>> plus other things in which they are involved such as shipping.
>> Obviously, if you own the ships you are entitled to make a profit
>> using them just as some other carrier would if he shipped your oil.
>>
>> When you say Exxon, are you counting just U. S. sales or worldwide
>> sales? Are you including the Esso name too? Are you talking about
>> the entire ExxonMobil group? The map at the link below shows where
>> ExxonMobil operates.
>>
>> http://www.exxonmobil.com/Corporate/Newsroom/Publications/
>> XOMGlobalCap/page_1.html
>>
>> And they are just one of many worldwide conglomerates. Shell, for
>> example, is a Dutch firm.
>>
>> Don't get me wrong. I think $48 million is rather excessive as a
>> compensation package for a corporation C. E. O. When you have more
>> than the income of some nations, it does border on the ludicrous.
>>
>> But we also need to look at corporate profits in terms of invested
>> capital and sales and not just in terms of raw dollars. Sadly,
>> ExxonMobile's own report, when I looked for it on the internet,
>> doesn't tell us anything about gross income, only profits and how
>> that compared with the previous year by category (chemicals,
>> petroleum, etc.). Quite frankly, if I am investing in a business,
>> I want to know what the business is doing and how much is invested
>> and how much it bottom lines not just profits.
>>
>> And my first statement was oil company's in general, not Exxon.
>>
>>
>>
>> On May 22, 2008, at 7:16 AM, Rich Rockwell wrote:
>>
>>> I'm wondering where you heard this too. Here are some of the
>>> statistics I
>>> see from reputable sources:
>>>
>>> Profits from the four major oil companies combined in 2007 was $100
>>> billion
>>> (US News & World Report, May 22, 2008)
>>>
>>> In the fourth quarter of 2007, Exxon's profits were $10.25
>>> billion. That
>>> was the highest quarterly and annual profits ever for a US Company
>>> - it rose
>>> 14%, nearly quadrupled from $11.5 billion in 2002. Their previous
>>> quarterly record was $10.7 billion, (CNN Money.com, Feb 1, 2008)
>>>
>>> In 2004, Exxon's CEO, Lee R. Raymond's annual compensation package
>>> was $38
>>> million, a jump from his 2003 package valued at $27.9 million.
>>> (Forbes.com,
>>> April 13, 2005). In 2005, his annual compensation was $51.1 million
>>> ($141,000 a day, $6,000 an hour) and he got a retirement package
>>> worth $400
>>> Million.(ABC News, April 14, 2006)
>>>
>>>
>>> -----Original Message-----
>>> From: pittsburgh-railways-bounce at lists.dementia.org
>>> [mailto:pittsburgh-railways-bounce at lists.dementia.org] On Behalf Of
>>> Herb
>>> Brannon
>>> Sent: Thursday, May 22, 2008 12:51 AM
>>> To: pittsburgh-railways at dementia.org
>>> Subject: [PRCo] Re: Excess Profits - Oil Companies
>>>
>>> Who did you hear this from?
>>> Fred Schneider wrote: Just heard an
>>> interesting
>>> news item on television. We all know that Hillary wants to take the
>>> 18 cents
>>> a gallon Federal tax from the oil companies' excess profits. Now
>>> what I
>>> heard was that the average profit on a gallon of gasoline is 8
>>> cents to the
>>> producer! Only two percent! Would you buy stock in a business that
>>> has only
>>> a two percent return on sales?
>>>
>>>
>>>
>>>
>>> Greetings From The United States North Coast
>>>
>>>
>>> Time Is The Fire In Which We Fry
>>> Unknown Author
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
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>>>
>>>
>>
>>
>
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