Comments | writes4money: [013]

writes4money

[013]

Jan 08, 2009 21:58

In 2008, Exxon Mobil (an oil company in the United States) made about $40 billion USD in profits, making it the most profitable company in the world (a position they've been holding for several years). $40 billion. The second company on the list (another oil company) made a profit of around $31 billion. Considering that, Exxon is only second in ( Read more... )

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Comments 9

extremeonwheels January 9 2009, 08:21:57 UTC

40 billion in profit? that means that's already exclusive of the stuff they need to spend for their, um, production, right?

D: they charge their customers a whole lot more money than they should?

*trying to remember lecture.... and failing* writes4money January 9 2009, 20:36:22 UTC

Yes. After expenses, taxes and everything.

Well, they charge about the same as their competitors since the price of oil is regulated. They're more efficient than the others though, that's partly why they make so much more. They're also the biggest public oil company in the industry.

XD extremeonwheels January 10 2009, 04:00:25 UTC

o ok, i see! o.o then they are very smart!

caffeineshots January 9 2009, 10:05:21 UTC

What will you use all that money for? I doubt it's world peace.

writes4money January 9 2009, 20:37:32 UTC

Maybe invest it in something. Money makes more money after all.

caffeineshots January 10 2009, 02:24:39 UTC

Invest in what?

writes4money January 10 2009, 09:10:32 UTC

Maybe real estate.

But then again, just leaving the money there is nice too.

xx100dontkillme January 12 2009, 09:40:24 UTC

That's a lot of money! I wonder what they do with it. C-charity?

canttouchmyhair January 13 2009, 04:55:16 UTC

Markets have a cycle though, don't they? So it'll probably get better.

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