DISQUS

End * on * End: ExxonMobil’s Q3 Profits Expected to Exceed $10 Billion

  • Anonymous · 4 years ago
    California's Dept. of Energy has all sorts of gasoline pricing data back to the mid 90's I believe. Try here for a nice updated picture with historical data available http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel...
  • Chris · 4 years ago
    The reason for the jump after 1999 was that Exxon on and Mobil Merged in 1999. This is why their profits doubled in 1 year. I thought that needed mentioning. Your not looking at 1 large company after '99 your looking at 2 of the largest together under 1 name.
  • Jason · 4 years ago
    Very good point. I totally forgot about this! Regardless it is still a lot of profit for a company getting tax breaks.




    Thanks for the clarification on the merger!
  • Darrel · 4 years ago
    I think if you are actually interested in the topic you would look at the Return On Equity of the company instead of total $$$ of profit. A billion dollars sounds like a lot of money but if investors put in $100billion, they aren't really happy. (Like buying Amazon.com stock when it was at it's peak)




    You might also be interested to compute the TOTAL taxes paid on the profit (hint don't forget to consider the taxes paid on earnings, on the dividends and also go check out taxes on employee wages not to mention gasoline taxes etc.)