In 2006 Exxon Mobil recorded 38 billion in profits, does any one know?

Question

What the profit margin was?

thank you truth seeker

HOW much went to state and federal taxes?

Answer 1

http://finance.yahoo.com/q/ks?s=xom

http://www.howstuffworks.com/gas-price1.htm

They paid $100.7 billion in tax last year. I'm sure that will get passed on to us as well.

http://www.taxfoundation.org/blog/show/2195.html

Answer 2

No, but Lee Raymond their CEO was given a 400 million dollar golden parachute while they were raising prices.

"No matter how you measure it, Exxon Mobil's 2005 profit of $36.1 billion -- think $99 million a day, or $68,683 per minute -- is a lot of money."

Answer 3

On total revenues of about $350 billion, that comes to about an 11% ROS (after tax). Hardly earth-shattering, but a pretty good profit margin.

Hardly "wind-fall" by any objective measure.

Answer 4

But there is a shortage, and china is nipping at our heels and production is down, and opec is unstable, and it was sunny in the gulf Yesterday but today it looks like rain...
let me know when you have had enough, I don't want any of you slipping into a negative state about our blossoming economy...
all that profit means more Christmas bonus's ... for somebody.

Answer 5

9.4%, but don't feel too sorry for them. Government subsidies, tax credits and creative accounting-if taken in to account-would push that % a lot higher, I suspect. We have yet to see an honest, aggressive investigation into the obvious price fixing we see throughout the year and especially during the holidays. They whine about "lack of refinieries" yet they built a new one (those closed several) in over 20 years. And they cost around $100million to build-pocket change compared to their profits.
And that would reflect federal and state tax deductions.

Answer 6

Im not sure what the profit margin was but I do remember hearing about that. It marked all sorts of records, though. So it must had been outrageous! Crazy oil companies...

Answer 7

ExxonMobil just reported the largest annual profit ever by a U.S. company — a staggering $39.5 billion.

I say congratulations, although Hillary Clinton begs to differ.

At the winter meeting of the Democratic National Committee, the senator from New York said, “The oil companies reported the highest profits in the history of the world. I want to take those profits and I want to put them in an alternative energy fund.”

Take? Isn’t that a confiscation of private property? Author P.J. O’Rourke framed it perfectly on a recent edition of CNBC’s Kudlow & Co.: She’s “Hugo Chavez in a pants suit.”

And what exactly would Mrs. Clinton be taking? ExxonMobil’s profits are outsized, but they come on sales of $377.5 billion, making for a profit margin of just over 10 cents on the dollar. This remains well below the profit margins of many industries, including banking and biotech where the margins nearly double those in the energy sector. The numbers are big, but the returns are middling.

And since sales and profits in the energy sector depend on the world price of oil, it’s feast or famine for these businesses. In the last decade, oil prices have fluctuated from about $10 a barrel to nearly $80. Talk about volatile pricing.

Indeed, the energy business isn’t easy. Still, ExxonMobil remains one of the best-run companies in America. Many professional investors believe it’s the best-run company. In his recent book, The Future for Investors, Jeremy Siegel of the University of Pennsylvania reveals that Exxon has been one of the top-three stocks in terms of return on investment over the past fifty-odd years. John D. Rockefeller Sr., looking down from on high, must be pleased.

But it’s also a tax-burdened company. While ExxonMobil recorded record profits last year, it also paid $100.7 billion in taxes — two-and-half times its net profits, according to the Tax Foundation. In fact, over the past twenty-five years, federal and state governments took $397 billion from the largest oil companies and an additional $1.1 trillion in taxes at the pump. In today’s dollars, that’s $2.2 trillion.

This isn’t an isolated problem. The prevailing 35 percent corporate tax rate takes a monster bite from all U.S. businesses. Moreover, our business taxes are far too high in relation to the rest of the world. Believe it or not, the corporate tax rate is lower in France than it is in the United States.

Along with slow-growing Japan, the U.S. has the highest marginal tax rate on corporate profits of any of the developed countries. Think of this: Germany is cutting its corporate tax rate to 15 percent from 25 percent. And if frontrunner Nicolas Sarkozy wins the French presidential election this spring, he plans to slash France’s corporate tax burden. Meanwhile, we’ll still be taking our best companies behind the barn and shooting them.

The bottom line here is that our economic system is all about free-market capitalism, and at the core of that system is profit. Profit isn’t a dirty word. From profits spring the abundance of this great country. Profits are the mother’s milk of stocks and the economy. Expanding profits provide businesses the resources to enlarge production operations and hire additional workers. This, in turn, is how incomes are created, wages that are then spent by American families.

Why can’t liberals grasp this?

When the government meddles in the market and taxes companies more — when it sticks its nose where it doesn’t belong — it ends up hurting not just businesses, but all individuals. Taxing profits more means taxing families more. Taxing profits more leads to smaller wage gains for middle-income workers. When you tax American companies more, the American workforce is paid less. And when you tax American energy companies more, they produce less energy. That means higher prices for gas at the pump and heating fuel at home. This may enrich Uncle Sam, but it comes at the expense of ordinary folks.

Washington economist Kevin Hassett has shown that the U.S. workforce bears a full 70 percent of the cost of corporate taxes. So, if folks are indeed worried about wage inequality, they should be lobbying their congressional representatives to cut corporate taxes in order to increase worker wages.

The truth is, when you tax profits more you undermine the American work ethic and the incentive structure that goes along with it. In fact, you demoralize the very system that has made this country great. It’s the people who ultimately pay the corporate profits tax — and that includes shareholders, pensioners, and other retirees. Business taxes should be headed down, not up.

Punish ExxonMobil for turning a healthy profit? Take those profits? Do that and you punish the American worker and the entire economy, too.

Answer 8

What I find remarkable is that they insist this has no connection to rising gas prices, and that they can't possibly afford to pay the claims they are still avoiding from the wreck of the Exxon Valdez.

Answer 9

Oil companies aren't even the most profitable companies in the U.S. They fall way behind most tele com companies among others. When the international price for oil goes up, our gas prices go up. The big bad oil company isn't the issue, the internations price per barrell is. Grow up.

Answer 10

11-12%

with that much money coming in, I'd be thrilled with a 2% profit margin...........