ban a gas company
05-29-2007, 07:22 PM
#11
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regardless of how the companies get their oil if from eachother or elsewhere.....it will not work simply because you cannot get millions of americans doing one thing. you cant get 1/4 of the population to do it....
so...with TONS of if's involved....assuming all the if's are in our favor its still not going to work...
Nate
so...with TONS of if's involved....assuming all the if's are in our favor its still not going to work...
Nate
05-29-2007, 07:36 PM
#12
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Originally Posted by Mr.E.G.,May 29 2007, 09:57 PM
also, gas companies make slim profits. (im pulling numbers out of my ass here) but i read in some business magazine about 10 months ago this report on which companies are making what money, etc.
all of the oil companies were bringing in like 400 billion dollars per year, but only 6 billion of that was profit. it was something to that effect. where as companies like disney bring in billions and profit many billions.
all of the oil companies were bringing in like 400 billion dollars per year, but only 6 billion of that was profit. it was something to that effect. where as companies like disney bring in billions and profit many billions.
2006 annual - 34.285 billion revenue, 3.374 billion profit. 9.8%.
http://money.cnn.com/magazines/fortune/for...shots/1416.html
ExxonMobil
2006 annual - 347.254 billion revenue, 39.5 billion profit. 11.4%.
http://money.cnn.com/magazines/fortune/for...pshots/496.html
More interesting info:
Profit Rank # Company # Revenues # Profits # Percent
120 # UAL # 19,340 # 22,876 # 118.3%
39 # Pfizer # 52,415 # 19,337 # 36.9%
162 # Texas Instruments # 14,630 # 4,341 # 29.7%
49 # Microsoft # 44,282 # 12,599 # 28.5%
123 # U.S. Bancorp # 19,109 # 4,751 # 24.9%
167 # Oracle # 14,380 # 3,381 # 23.5%
124 # Occidental Petroleum # 19,029 # 4,182 # 22.0%
94 # Coca-Cola # 24,088 # 5,080 # 21.1%
36 # Johnson & Johnson # 53,324 # 11,053 # 20.7%
171 # Amgen # 14,268 # 2,950 # 20.7%
113 # Wyeth # 20,351 # 4,197 # 20.6%
77 # Cisco Systems # 28,484 # 5,580 # 19.6%
99 # Merck # 22,636 # 4,434 # 19.6%
9 # Bank of America Corp. # 117,017 # 21,133 # 18.1%
176 # Chubb # 14,003 # 2,528 # 18.1%
188 # National City Corp. # 12,953 # 2,300 # 17.8%
41 # Wells Fargo # 47,979 # 8,482 # 17.7%
180 # USAA # 13,416 # 2,330 # 17.4%
23 # Altria Group # 70,324 # 12,022 # 17.1%
149 # Eli Lilly # 15,691 # 2,663 # 17.0%
97 # 3M # 22,923 # 3,851 # 16.8%
89 # Travelers Cos. # 25,090 # 4,208 # 16.8%
46 # Wachovia Corp. # 46,810 # 7,791 # 16.6%
108 # McDonald's # 21,586 # 3,544 # 16.4%
63 # PepsiCo # 35,137 # 5,642 # 16.1%
183 # SunTrust Banks # 13,260 # 2,118 # 16.0%
154 # Capital One Financial # 15,191 # 2,415 # 15.9%
8 # Citigroup # 146,777 # 21,538 # 14.7%
48 # Time Warner # 44,788 # 6,552 # 14.6%
135 # Loews # 17,228 # 2,491 # 14.5%
11 # J.P. Morgan Chase & Co. # 99,973 # 14,444 # 14.4%
62 # Intel # 35,382 # 5,044 # 14.3%
61 # Allstate # 35,796 # 4,993 # 13.9%
24 # Goldman Sachs Group # 69,353 # 9,537 # 13.8%
79 # American Express # 27,145 # 3,707 # 13.7%
81 # Washington Mutual # 26,561 # 3,558 # 13.4%
25 # Procter & Gamble # 68,222 # 8,684 # 12.7%
157 # Burlington No. Santa Fe # 14,985 # 1,887 # 12.6%
146 # Anheuser-Busch # 15,717 # 1,965 # 12.5%
10 # American Intl. Group # 113,194 # 14,048 # 12.4%
138 # Bear Stearns # 16,551 # 2,054 # 12.4%
6 # General Electric # 168,307 # 20,829 # 12.4%
175 # Illinois Tool Works # 14,055 # 1,718 # 12.2%
161 # Nucor # 14,751 # 1,758 # 11.9%
37 # MetLife # 53,275 # 6,293 # 11.8%
143 # Duke Energy # 15,967 # 1,863 # 11.7%
27 # AT&T # 63,055 # 7,356 # 11.7%
165 # CBS # 14,479 # 1,661 # 11.5%
2 # Exxon Mobil # 347,254 # 39,500 # 11.4%
...
...
64 Walt Disney 34,285 3,374 9.8%
05-30-2007, 04:13 AM
#15
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Originally Posted by rai,May 30 2007, 03:58 AM
I believe Exxon has the highest net profit, I wonder what the Google percent profit is?
1) one is a tech company, the other is a commodity driller, refiner, and seller. Google has no Cost of Goods Sold, so the profit margin will be significantly higher. They also have essentially no assets, no employees manning those assets, etc, so the SG&A is nil. It's apples and oranges--completely different business model.
2) Google doesn't even show up on the radar against companies like Exxon in terms of size. The are proably a $13B company this year, to exxon's $347B.
But for the record, their ttm net profit is 29% - almost identical to Microsoft. It's high- typical of leading software providers, but there are companies making more out there.
05-30-2007, 05:16 AM
#16
Originally Posted by Elistan,May 29 2007, 08:03 PM
If I can run down to any gas station in the city and get as much gas as I want whenever I want it, why is the price going up because of this demand? I don't see any shortage. There's enough demand for gas to be priced at $6/gal and people will still buy it, so why isn't gas prices simply set there?
Is the cost of refining it going up? If so, how can the refineries be making record profits - are they making the same amount of money per gallon but the number of gallons being sold is going up? If not, are they simply raising prices because they can?
Is the cost of refining it going up? If so, how can the refineries be making record profits - are they making the same amount of money per gallon but the number of gallons being sold is going up? If not, are they simply raising prices because they can?
The national average for gasoline last week was higher than it was after Katrina and Rita hit. During that period (after Katrina and Rita), gasoline WAS in short supply in many areas, so the increase in cost was (somewhat) justified.
However, right now, NO GAS STATION has a shortage! The national RESERVES are "low" but there is no actual shortage at the pumps (yet) and yet prices have still risen to record levels!
It's robbery, plain and simple. And people can't say that the government or gas stations are robbing us - the fact is that the main distributors (Exxon, Shell, etc, etc) are jacking up their prices, forcing the gas stations to charge more.
I don't begrudge a free economy but the idea that the oil companies aren't just jacking us around is ridiculous. I can only offer a token complaint since I work for a company that makes its money off of oil/gas, but still - this is crazy! Our gasoline/oil situation is nowhere near as volatile or limited as it was during Katrina and Rita and yet our prices are higher. It's manipulation, pure and simple.
Stupid (inflationary and proactive) speculation is half the problem and consumers are the other major issue, not cutting back or making a significant outcry about the prices rising as they are. If we'd stand up and say "enough is enough"...it'd definitely drop the price a little closer to reasonable levels.
05-30-2007, 05:44 AM
#17
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Originally Posted by rai,May 30 2007, 06:58 AM
I believe Exxon has the highest net profit, I wonder what the Google percent profit is?
05-30-2007, 06:50 AM
#18
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05-30-2007, 07:18 AM
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Originally Posted by Elistan,May 29 2007, 08:03 PM
Is the cost of refining it going up? If so, how can the refineries be making record profits - are they making the same amount of money per gallon but the number of gallons being sold is going up? If not, are they simply raising prices because they can?