Nice!

[toocrazy2yoo]

Those M1 sales are staring to pick up, eh???

NEW YORK (AP) - Exxon Mobil Corp. (XOM) (XOM) on Thursday said its profit rose to $10.49 billion in the third quarter, making it the second-largest quarterly profit ever recorded by a publicly traded U.S. company.

Mobil1 Profits

 

[deven]

They should be a BITOG "site supporter" Imagine how many people change to Mobil 1 after being baptised into bitog. I know i was!

 

[Max_Wander]

thats such a disgusting amount of profit. why can't i just take stuff out of the earth and sell it as my own? maybe i can !?!

 

[javacontour]

But what is the Return On Investment?

The ROI for oil companies is one of the lowest of industries out there.

They just invest a lot of money and do a lot of volumes. Pennies a gallon on billions of gallons adds up.

One cannot just look at one number, such as 10Billion in profit. If it takes a 800billion / year in investment and expenses to make a 40 billion dollar annual profit, that's like you getting 5% on your savings account.

From what I've read, the oil biz has slim margins.

 

[toocrazy2yoo]

I don't begrudge it. Without EM, we'd be on bicycles and rubbing two sticks together at night. In fact, we wouldn't HAVE bicycles, now that I think of it..

A great American company..

 

[m2200b]

If every American company made as much as GM and Ford - you would not have a job.