Are the recod profits by Exxon Mobile a sign of good business management or exploitation? What do you think?

Answer 1

Its a sign that you have been paying to much at the pump and that They, Exon, has not paid a cent to the people who are out of work because of the Valdez spill. In fact the big E just took it back to court even though they haven't paid a cent, and the Judge dropped the fine even lower.Does this help. (;-}

Answer 2

You be the judge . Several years ago Mobil had an accident at one of their plants in Illinois . Their coker plant had a malfunction and sprayed a harmful chemical into the air which spread for miles across a heavily populated area . They feigned concern after many residents received 2nd and 3rd degree burns . Thousands of homes were damaged by the chemical and much of the landscape as well . They and all major corporations have something called Risk Management . Risk Management officials are trained to lie if they have to in order to protect the integrity of the company . THEY DID !! They told people it would go away soon(EPA said 5000 years) and proceded to go door-to-door offering basically chump change for damages . Homeowners in turn had to sign a waiver releasing Mobil from further liability . Here's where it gets even more ugly. . . . They went to the lower income neighborhoods, offering less money to them, but made sure they had a Mobil Sponsored Ice Cream truck giving away free ice cream to everyone WHILE their assessors were handing out checks and getting waivers signed .
Conversely, they went to the higher income neighborhoods, offered much more money to settle. . . . . . . . AND no ice cream trucks, oh no, they offered the higher income homeowners a huge party, free of charge, lobster, prime-rib and the works !!! Drinks, party and food and dancing at a very nice neighborhood resort type building . They also lied to the towns affected, on TV, until many of the residents came forward with proof that they were hiding something . It was a 20 page document generated in-house at MOBIL itself that indicated that people would certainly suffer long-term health problems . The town meeting where this occured erupted into nearly a brawl and riot . The EPA sent a junior level employee to 'gloss over' the real story . The head of the EPA for this situation was present, but too afraid to take the stage . The mayor narrowly avoided getting punched in the face by an angry resident after the mayor insulted his wife . I can't tell you how sickening it was to see how many people were clearly paid-off !!!

Answer 3

It's a sign of good business management through exploitation in Exxon's case.

Answer 4

It is both. It take good business management skills to exploit your customers and get away with it and have no doubt they are exploiting us. I don't begrudge a company making a profit that's what there in business to do but with those kind of profits it just makes me feel like i'm being raped. A dry hump at that.

Answer 5

oil is an economically inelastic product. just like your local cable company, power and gas provider, cigarettes...etc. we need oil for the systematic flow of our world. the demand is constant when the product is self serving (like cigarettes),and is in no way a correlation of the price or the supply.

its a product of good business management and exploitation, but more overwhelmingly minunderstood, it is the result of basic macroeconomics. macroeconomics also teaches us that companies can grow too big for their own shoes, resulting in massive down-sizing, once again restoring balance to the free market.

government taxes as well disrupt the natural economic flow. especially because the majority of the retail markup on gas (im not talking about inflation and speculation) is a direct result of taxation. i believe in taxes but general economics assert that the more government intervention pushed onto a free market, the less chance the market will be able to rebound to a place at equilibrium.

im not a fan of the oil companies, because i do believe that speculation (to a certain extent, i mean all markets function off speculation) is a great cop out for oil companies to extort their business, but the truth in the situation is that oil is still not at a point where people have to change their standard of living. until masses of people are having to adjust their standard of living because of the price of oil, we will not see substantial solutions for the price or a move towards the independence of humanity on oil.

Answer 6

We should be grateful that Exxon made that much money. Look, they added money into AMERICAN coffers rather that keeping that money in foreign countries and they did more to balance the trade deficit than any other corporation.

We should have a ticker tape parade of Exxon's CEO's on Times Square!

Answer 7

Exploitation, which is slowly coming into check. I wonder if ExxonMobil's profit will be as high next year? I doubt it.

Answer 8

Amazing how gas prices have dropped since we have a REAL Congress with REAL oversight now.

Answer 9

When you look at the income statements to find out much they earned, you need to look at their cash flows to see how much they spent.

Investments in new equipment and exploration aren't reported against income.

Answer 10

I think it's a sign that my dividend check will be larger.
Luv you guys and your SUVs. :-)