[Sub-Driver]

!

[jersey117]

Look out Exxon..... they’re coming to spread your wealth.

[deadrock]

Does the devalued dollar have something to do with record profits?

[VRWCmember]

Missing from the story is the fact tha Exxon also paid RECORD TAXES.

[ilgipper]

My response to anyone complaining about these oil profits is set aside $100 a month - easily done if you drop your cell package one down, cut a premium movie package, and don’t eat out 2 days a week for lunch - then set up an etrade account and buy shares. Begin building wealth by becoming a shareholder of successful companies.

[Jim from C-Town]

“The Irving, Texas, company reported a first-quarter profit of $10.65 billion”

Or as I like to say they made as much Profit in three months as the Obama spends in ONE DAY!

[Never on my watch]

Good for them!

[thackney]

The Irving, Texas, company reported a first-quarter profit of $10.65 billion...

and paid taxes of $26.24 billion.

I wonder why they left that part out????

EXXON MOBIL CORPORATION, FIRST QUARTER 2011
http://www.exxonmobil.com/Corporate/Files/news_release_earnings1q11.pdf
Attachment I, page 7

[tobyhill]

If Obama would allow domestic drilling then supplies would increase, price would decrease and Exxon's profit margin would decrease. Exxon's just taking their rightful advantage of squeezed inventories. I never hear anyone complain about paying $500 a ticket to a NFL game because that's one of only a few seats remaining.

People can sit there and complain about Exxon's profits but until they demand expanded supplies from our own inventories then their complaints aren't worth a hill of beans.

[PORD]

What I want to see is their ROI, petroleum companies are heavily capitalized and just because they make billions doesn’t mean that their ROI is even close to companies such a Microsoft which are not heavily capitalized.

Go to MarketWatch and pull up Exxon’s (XOM)financials you’ll find that this article’s numbers are misleading unless put into perspective.

[River_Wrangler]

What is the net? That is what counts.

Oh! Less than 10%. Move along please. Nothing to see here.

[USS Alaska]

Total taxes paid by Exxon in Q1, 2011, $ 26.6 BILLION as compared to $10.3 BILLION in profit.

So for every dollar that Exxon, earned, based on sales of it's products and services, various governments confiscated $ 2.6 dollars for doing nothing.

Not one government employee, drilled a hole, drove a truck, pumped a drop of gas, worked in research or did a single productive thing, but still wants more revenue from the company.

[mountn man]

Stock price =$86.80 a share.

$2.14

Approximately 10% return

[Smokin' Joe]

Did they mention that Exxon Mobil bought XTO Energy, which gives Exxon a large stake in the Bakken and Three Forks. XTO had bought one of the companies which got in early and extensively in the Elm Coulee Field in Richland County Montana, the first of the big Bakken fields of the type being drilled today. The crude is on par with WTI, pricewise "light, sweet, crude oil. No doubt this affected the bottom line somewhat.

Also, Exxon Mobil have been aggressive about positioning themselves to have the product to deliver on the upstream end in time to take advantage of price changes.

Now for the real reason the numbers seem larger than anticipated: inflation makes today's profits seem large compared to yesterday's expenses, even though the 'income' dollar buys less.

[Royal Wulff]

They made 2 cents per gallon, moocher.