Chevron and Exxon just posted their quarterly earnings. Exxon's were through the roof.

Exxon Earnings

Capitalism

Joe will be raising hell before pudding and nappy time.

Irrelevant. What is their profit margin?

Self Proclaimed Scranton Puerto Rican Joe will start complaining about leg room on airplanes by accident and they will redirect him to the earnings reports.

Cromagnum said:

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Joe will be raising hell before pudding and nappy time.

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No he won't. He can't spell 'oil' or 'gas.'

"Domestic oil companies are agents of Putin" in 3...2...

ToddyHill said:

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Chevron and Exxon just posted their quarterly earnings. Exxon's were through the roof.

Exxon Earnings

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Making money during a recession and people complaining about prices. Good for them and good for those of us who have stock in them.

And people say recessions are bad.

B-1 83 said:

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Irrelevant. What is their profit margin?

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Point, but profit margins only matter with Big Tech. Revenue matters for Big Fossil.

B-1 83 said:

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Irrelevant. What is their profit margin?

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Revenue increased 52% YoY. Operating income increased by 164% YoY.

Operating margin increased from 13% last year to 24% this year.

And here come the " raking in record profits on backs of the poor" headlines.

fixer said:

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And here come the " raking in record profits on backs of the poor" headlines.

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communists - plus most of the media are really low intelligence buffoons

Its because Exxon and Chevron haven't started banning Conservatives from using their product.

Taking note Facebook, YouTube and Twitter (welcome aboard Elon)?

Quote:

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Democrats in D.C. will go crazy today

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How is this different than any other day?

BoydCrowder13 said:

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B-1 83 said:

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Irrelevant. What is their profit margin?

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Revenue increased 52% YoY. Operating income increased by 164% YoY.

Operating margin increased from 13% last year to 24% this year.

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So, record revenue for O&G and it would still be a down year for a Tech company?

There is a reason that both Exxon and Chevron donates more to Biden in 2020 than they did Trump. Per Opensecrets...

Chevron: Biden $194K Trump $138K
Exxon: Biden $210k Trump $115K

In 2022, Exxon people are going all in on Democrats. https://www.opensecrets.org/orgs/exxon-mobil/summary?id=d000000129

Democratic Congressional Campaign Cmte
$190,822

National Republican Senatorial Cmte
$87,301

National Republican Congressional Cmte
$57,865

Democratic Senatorial Campaign Cmte
$40,026

Chevron heavy red in 2022, though. https://www.opensecrets.org/orgs/chevron/summary?id=D000000015

fixer said:

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And here come the " raking in record profits on backs of the poor" headlines.

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Stop being poor.

Anyone who has any sliver of knowledge knows it has been a hard road from a ton of workers that last 2.5 years to cut costs, simplify processes to get oil companies profitable again. Everyone should be congratulating these workers. Governments should be learning from these oil companies about how to be more effective and efficient. It's a great story of hard working, passionate, collaborative workers. Yet Democrats unthinkably will demonize these people. Anyone that voted Democrat for any level of public service should feel ashamed.

Yet Dims will pass even more regulations that will create more barriers to entry into the industry thus limiting competition.

The .gov probably makes as much per gallon as XOM.

ToddyHill said:

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Chevron and Exxon just posted their quarterly earnings. Exxon's were through the roof.

Exxon Earnings

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Why? It's their policies that caused this? It's what they wanted.

If they ***** and moan remember it's all theater to be used to destroy the middle class and the American way

BoydCrowder13 said:

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B-1 83 said:

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Irrelevant. What is their profit margin?

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Revenue increased 52% YoY. Operating income increased by 164% YoY.

Operating margin increased from 13% last year to 24% this year.

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So, getting into Starbucks territory?

Here's Exxon' margin through the last several years….

https://www.netcials.com/financial-net-profit-margin-usa/34088-EXXON-MOBIL-CORP/


Now Starbucks

https://finbox.com/NASDAQGS:SBUX/explorer/gp_margin

B-1 83 said:

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BoydCrowder13 said:

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B-1 83 said:

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Irrelevant. What is their profit margin?

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Revenue increased 52% YoY. Operating income increased by 164% YoY.

Operating margin increased from 13% last year to 24% this year.

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So, getting into Starbucks territory?

Here's Exxon' margin through the last several years….

https://www.netcials.com/financial-net-profit-margin-usa/34088-EXXON-MOBIL-CORP/

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Hey you asked. I just answering.

Not a poke at you. Just illustrating how net profits can be just a number considering the volume of product Exxon sells.

cevans_40 said:

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Yet Dims will pass even more regulations that will create more barriers to entry into the industry thus limiting competition.

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I'm only surprised you're surprised. Exxon is part of the political establishment. They support establishment candidates because those candidates put up barriers to competition which protects Exxon's position at the top. It's Fascism, plain and simple.

With those huge profits, I wonder why competitors aren't rushing in?

(Sarcasm level 100)

Red Dane said:

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There is a reason that both Exxon and Chevron donates more to Biden in 2020 than they did Trump. Per Opensecrets...

Chevron: Biden $194K Trump $138K
Exxon: Biden $210k Trump $115K

In 2022, Exxon people are going all in on Democrats. https://www.opensecrets.org/orgs/exxon-mobil/summary?id=d000000129

Democratic Congressional Campaign Cmte
$190,822

National Republican Senatorial Cmte
$87,301

National Republican Congressional Cmte
$57,865

Democratic Senatorial Campaign Cmte
$40,026

Chevron heavy red in 2022, though. https://www.opensecrets.org/orgs/chevron/summary?id=D000000015

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Note this is people that work for the company. We have a PAC that shows to which candidates the people are giving vs the PAC (and the PAC is usually red).

BoydCrowder13 said:

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B-1 83 said:

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Irrelevant. What is their profit margin?

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Revenue increased 52% YoY. Operating income increased by 164% YoY.

Operating margin increased from 13% last year to 24% this year.

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They need to thank Biden and the Saudis.

Funky Winkerbean said:

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Capitalism

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Corporate Capitalism.

I'd rater see that Profit go to all the small and midsize independents that really make things happen but given they cant get capital due ESG restrictions. It will go to corporate libtards who go to the left/gov to get their bread buttered rather than earning in the market place.

Remember there are many variants of Capitalism. This version is not so good.