10% of a lot is a lot

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Post #243,033

1/31/06 10:07:39 AM

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

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

What is it doing, playing street sax for chump change???
35 ms