Comments on: Exxon Mobil posts highest profit ever http://www.everyjoe.com/articles/exxon-mobil-posts-highest-profit-ever-629/ Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Sat, 12 Dec 2009 00:00:21 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: profsilver http://www.everyjoe.com/articles/exxon-mobil-posts-highest-profit-ever-629/comment-page-1/#comment-338759 profsilver Fri, 08 Aug 2008 16:28:07 +0000 http://www.talkstocktrading.com/exxon-mobil-posts-highest-profit-ever/#comment-338759 Thanks for the comment Steve. Just looking at the dollar value of the profits in isolation, the notion of $11.7 billion not being enough is ridiculous. But you are right, relatively speaking XOM's profits/margins are not out of line, they actually failed to meet expectations. Thanks for the comment Steve. Just looking at the dollar value of the profits in isolation, the notion of $11.7 billion not being enough is ridiculous. But you are right, relatively speaking XOM’s profits/margins are not out of line, they actually failed to meet expectations.

]]> By: Steve Farrington http://www.everyjoe.com/articles/exxon-mobil-posts-highest-profit-ever-629/comment-page-1/#comment-338758 Steve Farrington Fri, 08 Aug 2008 07:17:43 +0000 http://www.talkstocktrading.com/exxon-mobil-posts-highest-profit-ever/#comment-338758 Exxon and big oil are hardly to blame for high gas prices. I'm glad to see they've come down a bit from the peaks, but in looking at the raw data.... XOM's profit margins are still only around 8% which is less than the S&P500 average. Any windfall taxes on big oil profits, especially those proposed by Senator Obama, will not help curb our dependence for foreign oil. In fact, new taxes will potentially raise prices at the pump. Drilling offshore and in ANWR, while we develop alternative plans, will help shock the crude curve to more friendly levels. Exxon and big oil are hardly to blame for high gas prices. I’m glad to see they’ve come down a bit from the peaks, but in looking at the raw data…. XOM’s profit margins are still only around 8% which is less than the S&P500 average.

Any windfall taxes on big oil profits, especially those proposed by Senator Obama, will not help curb our dependence for foreign oil. In fact, new taxes will potentially raise prices at the pump. Drilling offshore and in ANWR, while we develop alternative plans, will help shock the crude curve to more friendly levels.

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