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Re: EPA Official's 'Philosophy' On Oil Companies: 'Crucify Them' - Just As Romans Crucified Conquered Citizens  

By: Beldin in POPE | Recommend this post (1)
Thu, 26 Apr 12 7:03 PM | 111 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 56782 of 65535
(This msg. is a reply to 56771 by killthecat)
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Ah, killthecat ... are you always this intentionally obtuse?

First Quarter 2012 for Exxon Mobil:
Total Revenues & Other Income - $124,053,000,000.
Total Production Costs - $106,538,000,000.
Income Taxes - $7,716,000,000.
Sales-Based Taxes - $8,493,000,000.
All Other Taxes - $11,203,000,000.
Net Income - $9,450,000,000.
http://www.marketwatch.com/story/exxon-mobil-corporation-announces-estimated-first-quarter-2012-results-2012-04-26

So, let's do a little bit of what Hahvaad apparently fails to teach its pampered students, shall we?

Gross Profit = 14.119%
Net Profit = 7.618%
Tax Burden to Gross Revenue = 22.097%
Tax Burden to Gross Profit = 156.506%
Tax Burden to Net Profit = 290.074%

And these "tax burden" amounts do not include the millions and millions and millions of dollars that Exxon pays to federal and state governments in royalties and for drilling rights.

So, Exxon Mobil pays BILLIONS and BILLIONS of dollars each year to the federal government and to state governments and it only earns a net profit of seven-and-a-half cents on each dollar it takes in, while one of Obama's favorite companies ... General Electric ... reports First Quarter 2012 results of $35,182,000,000 in Gross Revenue and provides for $637,000,000 in taxes. That is a Tax Burden to Gross Revenue percentage of 1.811%. http://www.marketwatch.com/story/ge-reports-1q12-operating-eps-of-034-3-17-excluding-1q11-one-time-items-industrial-segment-revenues-of-237b-14-organic-growth-11-infrastructure-orders-20-industrial-segment-profit-10-industrial-cfoa-of-2012-04-20

Oil & gas companies bring in lots of revenue and have lots of costs to earn that revenue. The profit margins are modest, and as an industry of corporate taxpayers, they almost single-handedly keep the federal government and many state governments financially afloat.

So, killthecat ... your post reporting only the quarterly revenue amounts for Exxon Mobil and Chevron is nothing but a simpleton's attempt to deflect and obfuscate the facts that you disingenuously do not want to acknowledge. Yet again, you prove yourself to be intellectually lazy and dishonest ... willfully so.

Have a nice day!

B.




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The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence


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Re: EPA Official's 'Philosophy' On Oil Companies: 'Crucify Them' - Just As Romans Crucified Conquered Citizens
By: killthecat in POPE
Thu, 26 Apr 12 4:40 PM 		Msg. 56771 of 65535

HOUSTON — Exxon Mobil reported higher fourth-quarter earnings on Tuesday as higher revenue for oil partly compensated for lower natural gas prices and soft refinery returns on chemicals and lubricants.

The world’s largest publicly traded oil company reported net income of $9.4 billion for the quarter, up from $9.25 billion the year before. It posted revenue of $121.6 billion, up 16 percent.


SAN RAMON - Analysts expect Chevron to report net income of nearly $6.3 billion, or $3.15 per share, excluding one-time gains and expenses. It earned $6.2 billion, or $3.09 per share, in last year’s first quarter.


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