Every 3 months I get a nice check in the mail from Exxon-Mobile. My dad left me some shares of stock when he passed away. Aren't these checks the profit the company made from selling me (and you) gas? Does this mean that when the newspapers and TV news are talking about oil companies making obsene profits, they are talking about me because I "own" Exxon-Mobil (along with a couple of million other people who also own stock)?
2007-05-09 17:06:11 · 4 answers · asked by WESS LB 2 in News & Events ➔ Other - News & Events
Everyone who owns stock in the companies.
2007-05-09 18:00:51 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Mainly the government via taxes. A huge chunk goes to upgrading technology and finding new sources. The rest goes to the investors. BTW, despite the recent huge profits, energy companies only have an average return because of the extremely high cost of finding and pumping oil plus the industry was depressed for quite a long time due to record low prices per barrel.
2007-05-10 01:23:37 · answer #2 · answered by Caninelegion 7 · 1⤊ 0⤋
Ultimately, the company
2007-05-10 00:51:33 · answer #3 · answered by Experto Credo 7 · 0⤊ 1⤋
The corporate officers and then the shareholders
2007-05-10 01:27:47 · answer #4 · answered by Anonymous · 0⤊ 1⤋