Exxon and Shell recently announced record profits for 2006. Exxon earned 39 billion and Shell 25 billion. Would you attribute their outrageous profits to cutting-edge marketing, brilliant management, and strategic expense control, or is there something rotten in Denmark?
http://www.nytimes.com/2007/02/02/business/02oil.html?em&ex=1170565200&en=4ead0953c81266cf&ei=5087%0A
2007-02-02 05:55:05 · 12 answers · asked by Hemingway 4 in Politics & Government ➔ Politics
Something is rotten in Denmark. I was paying almost 3$ a gallon for gas this summer. The rich get richer and the poor get poorer.
2007-02-02 06:00:05 · answer #1 · answered by applecrisp 6 · 1⤊ 2⤋
They made there huge profits by gouging the American public, Haven't you seen how much a gallon of fuel costs its more like strategic bull s#@t. What in the world was the voters thinking when they wanted a oil man for president. Oops there was discrepancies at both presidential elections, But look at all the die hard Bush fans here. They must be enjoying the war, Its death rate and the high UN-employment rate that is Conservative progress hard at work.
2007-02-02 06:00:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
once you are going to boycott particular gasoline stations, do it simply by fact the oil agencies that own them are investment efforts to unfold lies approximately worldwide warming skepticism. Chevron is the worst violator, and that i've got self assurance Exxon is yet another undesirable one. Shell, even nevertheless, is a solid organisation while it includes making an investment in decision gasoline technologies. i could help Citgo if there have been one everywhere around right here, yet I additionally help Shell.
2016-09-28 08:07:06 · answer #3 · answered by ? 4 · 0⤊ 0⤋
They are global companies who through M&As have grown larger. They are always increasing the level of services they offer such as food, car washes, convenience stores and as they do so they will increases their profits. Stations with a c-store make more profit on a cup of coffee than they do on a gallon of gas.
As these behemoths upgrade their infrastructure their profits will go up. Exxon/Mobil is still reaping the benefits of their synergy.
2007-02-02 06:06:02 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Did you also research the record profits and profit margins of the drug companies? They have your life in their hands, and they're making way more.
Since when does our country look down on companies that make money? That's what we're all about. When these companies do well, the average Joe does well because almost everyone has money in the stock market in one way or another.
For most of us, it's only in our retirement accounts, but everyone is effected by the stock market. Do you think that the only poor people during the depression were those that had stocks? Come on...
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2007-02-02 05:58:33 · answer #5 · answered by FozzieBear 7 · 0⤊ 2⤋
Exxon made the biggest profit of any company in the History of mankind last year. It begs the question "Why am I paying $3.00 for a f**king gallon of gas while they continue to make astronomical profits?"
2007-02-02 05:59:51 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Let's talk about profits in terms of profit margin, shall we? The percentage of revenue which is profit is a much more telling statistic than simply dollars and cents. The oil companies average between 7-9 %...like many other industries.
2007-02-02 06:02:03 · answer #7 · answered by Rick N 5 · 0⤊ 2⤋
Good for them, that's why they are in business. This is a capitalist society and a great one. I guess now Kerry is even more rich thatn before! Look elsewhere for your suspision!
2007-02-02 05:59:27 · answer #8 · answered by Anonymous · 1⤊ 1⤋
Hey good for them. Maybe now they can stop begging the government for money to fund their exploratory drilling and research into alternative energy sources.
2007-02-02 05:58:54 · answer #9 · answered by Perplexed 7 · 1⤊ 2⤋
I would say something rotten in Crawford , Texas.....
2007-02-02 05:59:49 · answer #10 · answered by Debra H 7 · 2⤊ 1⤋