NEW YORK (CNNMoney) -- In an attempt to deflect rising anger among American drivers and political leaders, Exxon Mobil said Thursday that it makes relatively little money on gasoline, even as it reported a nearly $11 billion quarterly profit.
"We understand that it's simply too irresistible for many politicians in times of high oil prices and high earnings -- they feel they have to demonize our industry," said a statement from Exxon vice president Ken Cohen.
Read more at:
http://money.cnn.com/2011/04/28/news/companies/exxon_earnings/index.htm?hpt=T2
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My Random thoughts:
Profits come after ALL expenses, debt service and paying people. That's call profit. Profit is what you have left over. CASH IN THE BANK or in your pocket.
Exxon vice president Ken Cohen basically said that they don't make much and matter of fact it is so small only $11,000,0000,0000 this quarter. Now I am not math whiz and I do think there is four Quarters in a Year, even a physical Year. SO stay with me OK?
11,000,000,000 a Quarter
times 4 Quarters
----------------------
44,000,000,000 a Year
Hmmmm 44Billion?
I think the entire state of Florida could live on that...AND HAVE SPARE CHANGE
NO PROFIT? I call for an AUDIT with a wage Freeze on the upper 20% of oil company execs. AND a full audit of their personal finances.
"demonize our industry," said a statement from Exxon vice president Ken Cohen. Dude we are not demonizing your industry.....YOU ARE! What you charge is FRacking INSANE!
"We understand that it's simply too irresistible for many politicians in times of high oil prices and high earnings -- they feel they have to demonize our industry," said a statement from Exxon vice president Ken Cohen.
Read more at:
http://money.cnn.com/2011/04/28/news/companies/exxon_earnings/index.htm?hpt=T2
===================================
My Random thoughts:
Profits come after ALL expenses, debt service and paying people. That's call profit. Profit is what you have left over. CASH IN THE BANK or in your pocket.
Exxon vice president Ken Cohen basically said that they don't make much and matter of fact it is so small only $11,000,0000,0000 this quarter. Now I am not math whiz and I do think there is four Quarters in a Year, even a physical Year. SO stay with me OK?
11,000,000,000 a Quarter
times 4 Quarters
----------------------
44,000,000,000 a Year
Hmmmm 44Billion?
I think the entire state of Florida could live on that...AND HAVE SPARE CHANGE
NO PROFIT? I call for an AUDIT with a wage Freeze on the upper 20% of oil company execs. AND a full audit of their personal finances.
"demonize our industry," said a statement from Exxon vice president Ken Cohen. Dude we are not demonizing your industry.....YOU ARE! What you charge is FRacking INSANE!
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