|
Registered
Join Date: May 2004
Location: Central Coast California
Posts: 1,299
|
Windfall Profits, so where is the rape of the consumer?
Net Profit Margins for Various Companies
2nd Quarter 2008
(Source: Google Finance)
Microsoft - 27.13%
Visa - 26.29%
The Mosaic Co. - 23.90%
Google - 23.24%
Coca-Cola - 15.72%
Capital One - 13.81%
AT&T - 12.22%
Now OIL companies:
Exxon Mobil - 8.46%
BP - 8.64%
Shell - 8.94%
Chevron - 7.20%
ConocoPhilips - 7.41%
Murphy Oil - 7.50%
Marathon Oil - 3.48%
So could somebody please explain to me - EXACTLY WHAT IS A WINDFALL
PROFIT? Some oil companies actually had DECLINING net profits
compared to last quarter. Last quarter, Exxon's net profit was over 9%
__________________
'68 911 2.2 "E" PMO Carbs, Electromotive Crankfire Ignition, Adjustable Spring Plates, turbo tie rods, Bilsteins, headers, MB911 muffler...
"The sea merely lies in wait for the innocent but it stalks the unwary."
|