Big Oil, Big Company Profits: The Rest of the Story
For Example: ExxonMobil
Costs to run the company: $15,000 per second ($1Billion a day to run the company)
Taxes paid: $4,000 per second
Profits Earned: $1,400 per second
Info from here. Take a guess of what their profit margin is---in other words, out of every $1.00 of revenues, how many cents of that $1.00 ends up as company profit? 75 cents? 50 cents? at least 25 cents? No, only 9.2 cents. Think how much revenue the company has to take in per second to pay the costs to run the company and pay the taxes and have 9.2% left as profit. To me that is incredible. There is a reason their top management makes the salaries they do. To be responsible for creating that kind of revenues, keeping costs down, paying taxes, and paying stockholder dividends out of the profit. No I do not own any Exxon.
9:56:56 AM 
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