How much $$ do gas stations make per gallon?
Registered User
Joined: Oct 2000
Posts: 4,193
Likes: 0
From: Denton, Texas
Originally Posted by shy_guyAP1,Mar 18 2008, 09:27 PM
All I know is that when we were all shocked by the first $3.xx prices (at least here in VA) in 2005 Exxon was starting the most profitable quarter of any company in history. The only company to ever beat their record was Exxon, the following quarter.
It should be profit not profitable. Two different meanings.
They have an 9.4% margin so they had the largest sales at that margin. By comparison Citi corp operates at 15.9% (thanks for your credit card business). Also thier sales $'s qualify them to be in the Top 50 GDP if they were a country.
This is a small margin when compared to many other businesses that we don't gripe about.
They also paid about $100.7 billion in taxes and kept the hundred thousand employees of Exxon fully employed. Better than most companies are doing today.
Registered User
Joined: May 2005
Posts: 168
Likes: 0
From: Buford, GA
Originally Posted by mns2k,Mar 19 2008, 10:39 AM
Please note I am not defending Exxon just tossing out a few ideas. So do not flame!
It should be profit not profitable. Two different meanings.
They have an 9.4% margin so they had the largest sales at that margin. By comparison Citi corp operates at 15.9% (thanks for your credit card business). Also thier sales $'s qualify them to be in the Top 50 GDP if they were a country.
This is a small margin when compared to many other businesses that we don't gripe about.
They also paid about $100.7 billion in taxes and kept the hundred thousand employees of Exxon fully employed. Better than most companies are doing today.
It should be profit not profitable. Two different meanings.
They have an 9.4% margin so they had the largest sales at that margin. By comparison Citi corp operates at 15.9% (thanks for your credit card business). Also thier sales $'s qualify them to be in the Top 50 GDP if they were a country.
This is a small margin when compared to many other businesses that we don't gripe about.
They also paid about $100.7 billion in taxes and kept the hundred thousand employees of Exxon fully employed. Better than most companies are doing today.
Thread
Thread Starter
Forum
Replies
Last Post