Comments on: Exxon Mobil Makes Monster Profit

Oil Giant Raked In $40.6B In 2007 - Biggest Annual Profit In History For U.S. Company

[mediapreachr]

I for one I''m glad they make money.The more they make the more we going to take back.

[irliberal]

Posted by pittsnoggle2 at 10:31 AM

Wow... and a bigot too. I''m shocked! Lol... not really. Typical.

[pittsnoggle2]

Easy solution. All liberals and their "partners" should stop buying gas. Just ride each other.

[irliberal]

Easy solution. All Exxon shareholders should donate all their shares to fund the deficit caused by the Iraq War. Whee!

[pittsnoggle2]

Good for Exxon.

Those of you who think that they are criminals and are "price gouging" are absolutely ridiculous. The market sets the price. Period. They are more than happy to profit off of that price when it is like that just as they are sad to take big losses when oil is at $20/barrel.

Where were you complaining about the homebuilders when home prices were going up at 10-15% per year? Were they gouging? No, they were riding a market wave.

Those of you who think they are criminals should go spend some time with your comrades in Cuba and then tell us which system you prefer.

Good for you, Exxon. I am proud to be a shareholder. Keep up the good work.

[uscitizenvet]

It''s way past time for these "thieves" to be held accountable ! With crude prices rising to $100.00 a barrel and gas at the pumps to around $3.00 a gallon, it''s price gouging....plain and simple and the proof is in their profits. But it''s not just Exxon-Mobile, it''s all the others as well. They all should be "made to lower prices at the pumps to no more than $1.50 per gallon for at least 2 years !

[beehive21-2009]

We need to put these crooks and jail for protection ,the people are going to hang em all,soon,greedy pigs.

[rudy654-2009]

Posted by JT_Lancer at 01:00 AM

Keep consoling yourself with whatever bull you like, but in the end, this price gauging is killing the economy and you know it.

[brianbwb-2009]

Posted by JT_Lancer

One could take it you are an oil man. People don''t voluntarily buy their product, they are forced to. whether you buy shell, mobil, BP, citgo, of any others, they all buy it from the refineries, slap their brand on it, and sell it. As for the 10% profit, you don''t even consider the almost certainty of cooked accounting, embezzlement, deliberately understated earnings done to avoid taxes, and also to cheat stockholders out of dividends, and "business expenses" like political bribery.

You think they don''t do it? if so, you must be a very young man.

[jt_lancer]

$40 billion profit on $404 billion in sales?

That''s less than a 10% profit - not ''excessive'' by any measure.

Record sales means they provided goods to a helluva lot of customers - customers that VOLUNTARILY purchased their products. Why should they be criticized for that?

Also, how is it a ''ripoff'' when the company''s only making a 10% profit margin? In fact, state and federal taxes collect an amount that''s far greater than the profit made by oil companies on gasoline sales.

Besides, there are more mundane reasons for the differing gas prices in different regions of the country, as opposed to the ''blatant price fixing and collusion by gasoline wholesalers''.

For one, the state gas tax is different from state to state. For example, I live near the NC/SC border, and gas on the SC side is about 10 cents/gallon cheaper due to lower taxes.

Also, distance from refineries (delivery costs) will impact prices as well.