Last year, when Exxon-Mobil was blasted for having raked in record profits, I asked my girlfriend what a reasonable profit (in pennies on the dollar) would be. She said ten percent would be reasonable.
Interestingly enough, that quarter, that $10 billion in profits was made on a gross income of about $100 billion. For the graduates of public schools, $10 billion is ten percent of $100 billion.
Capitalist Lion has run the numbers for Exxon this year.
Yeah, great, oil companies are posting record profits. Specifically, let's go look at Exxon. They earned $39.5 billion last year, up from $36.1 billion in '05. Okay, fine. So what percentage of gross revenue are those profits? Well, in '05 Exxon's gross was $370 billion. This year, their gross was just over $400 billion or so.
A quick google on "exxon mobil profit loss" turned up some stuff, including this article – "Oil Industry Seeks to Cast Huge Profits as No Big Deal":
...in 2004 Exxon Mobil earned more money -- $25.33 billion -- than any other company on the Fortune 500 list of largest corporations. But by another measure of profitability, gross profit margin, it ranked No. 127.
...
A $9.9 billion quarterly profit is mostly a function of Exxon Mobil's size. It had sales of $100 billion this quarter, more than any other U.S. company.
Also, the financial statements for Exxon-Mobil show gross profits and income figures.
| Year: | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
| Total Revenue | 377,635.00 | 370,680.00 | 298,035.00 | 246,738.00 | 204,506.00 | 212,785.00 |
| Net Income | 39,500 | 36,130 | 25,330 | 21,510 | 11,460 | 15,320 |
| % profit | 10.5 | 9.75 | 8.5 | 8.7 | 5.6 | 7.2 |
No comments:
Post a Comment