Good Gawd, 11 Billion 2nd quarter
- Thread starter WapitiBob
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manny15
Guest
supply and demand....HAH
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shpsgr
Guest
What the Liberal news fails to mention:
According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
That profit works out to $1,485.55 a second.
Buried in the story we also find that "In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called 'other taxes.'"
MP: In other words, Exxon Mobil paid $32.361 billion in taxes in the second quarter, which works out to $4,114 in taxes per second. Another way to look at it - Exxon paid almost $3 in taxes ($32.361 billion) for every $1 in profits ($11.68 billion), see chart above.
[http://www.istockanalyst.com/article/viewarticle+articleid_2459357&title=Exxon_Posts_Record.html]
According to CNN, Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
That profit works out to $1,485.55 a second.
Buried in the story we also find that "In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called 'other taxes.'"
MP: In other words, Exxon Mobil paid $32.361 billion in taxes in the second quarter, which works out to $4,114 in taxes per second. Another way to look at it - Exxon paid almost $3 in taxes ($32.361 billion) for every $1 in profits ($11.68 billion), see chart above.
[http://www.istockanalyst.com/article/viewarticle+articleid_2459357&title=Exxon_Posts_Record.html]
woodruffhunter
Long Time Member
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LAST EDITED ON Aug-01-08 AT 10:03AM (MST)[p]Don't buy gas, ride a bike, that will show 'em}>
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Moondog
Guest
I read where their oil production was also down 8% from the second quarter a year ago. So, lump the 8% on top of the profits and it really gets interesting.
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d13r
Guest
GM lost 15 billion in the same quarter and no one cares.
JB
JB
cbeard....
I think his numbers are good. I believe that in the mentioned article the way they are showing profits is whats left over after everything else has been paid, including taxes, wages, everything else. The effect was to show that they are paying a ton of taxes.
The are still making a heck of a lot of money though.
I think his numbers are good. I believe that in the mentioned article the way they are showing profits is whats left over after everything else has been paid, including taxes, wages, everything else. The effect was to show that they are paying a ton of taxes.
The are still making a heck of a lot of money though.
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bobcatbess
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LITTLE George CARES!!!
THIS IS MY NEW GUN,YOU MAY NOT LIKE IT,YOU'LL LIKE IT A HELL OF A LOT LESS WHEN IT HITS ITS DESTINATION!!!
THE ONLY bobcat THAT KNOWS ALOT OF YOU HAVE HAD THIS IMAGE IN YOUR PEA BRAIN BUT DUE TO POOR SHOOTING TACTICS I'M STILL KICKIN!!!
