Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: AxelPaulsenJr
What seems out of line to me is EOM's profit increasing by 75%. This profit is clearly larger than what would be derived from merely passing along the increased cost of their crude oil.

Their profit is less than 10% for 3rd quarter. When the biased liberal media plays games in reporting the numbers, you should not assume the the worse.

Do you believe that <10% is a indication of taking advantage of the consumer? How low a profit margin would you operate a business, especially in a high risk area. Go look up oil prices in 1998.

73 posted on 10/28/2005 9:22:21 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 56 | View Replies ]


To: thackney
From the story at the head of this thread:

Exxon Mobil, the world's largest oil company, said yesterday that its third-quarter net income jumped 75 percent, to $9.92 billion.

Unless I read this wrong their profit for the third quarter was up 75%.

76 posted on 10/28/2005 9:27:29 AM PDT by AxelPaulsenJr (Pray Daily For Our Troops and President Bush and the SAPPS)
[ Post Reply | Private Reply | To 73 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson