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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Exxon Mobil, a Record Profit of $36 Billion
Post #243,018
by bluke
1/31/06 6:28:17 AM
Reply
New Exxon Mobil, a Record Profit of $36 Billion
[link|http://www.nytimes.com/2006/01/31/business/31exxon.html?hp&ex=1138770000&en=cad5f62bd5f6bdb0&ei=5094&partner=homepage|At Exxon Mobil, a Record Profit but No Fanfare]

Exxon Mobil, aided by strong energy prices, disclosed Monday that it had set a record for profits among American companies, reporting $36 billion in annual income. But while most companies would be proud to trumpet record profits, Exxon Mobil did everything it could to play down the news.

For Exxon Mobil, which also handily widened its lead over Wal-Mart as the company with the largest revenues in the nation, the report was an embarrassment of riches. Anxious about criticism of the results, executives began laying the groundwork months ago to try to prevent a political reaction against the company and the energy industry.
Post #243,033
by boxley
1/31/06 10:07:39 AM
Reply
New 10% of a lot is a lot
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free american and do not reflect the opinions of any person or company that I have had professional relations with in the past 50 years. meep
Post #243,035
by Another Scott
1/31/06 10:18:06 AM
Reply
New Yup, but look at their Return on Equity.
Their 10% profit margin (% of sales) doesn't look too huge. But compare [link|http://www.bloomberg.com/apps/quote?ticker=xom:US|XOM]'s Return on Equity (26.4%) versus [link|http://www.bloomberg.com/apps/quote?ticker=msft:US|MSFT]'s (19.9%) and [link|http://www.bloomberg.com/apps/quote?ticker=wmt:US|WMT]'s (22.1%) and [link|http://www.bloomberg.com/apps/quote?ticker=goog:US|GOOG]'s (23.0%). XOM is doing very well - better than many big names out there.

They're not making tiny percentage profits by other measures.

I don't know how their recent RoEs compare to previous times.

Cheers,
Scott.
     Exxon Mobil, a Record Profit of $36 Billion - (bluke) - (2) - Jan. 31, 2006, 06:28:17 AM EST
         10% of a lot is a lot -NT - (boxley) - (1) - Jan. 31, 2006, 10:07:39 AM EST
             Yup, but look at their Return on Equity. - (Another Scott) - Jan. 31, 2006, 10:18:06 AM EST

Anyone for a glass of gloat milk?
52 ms