Reply With QuoteAll very nicely put until you look at their profits.
http://www.conocophillips.com/newsro..._gallon_of_gas
Interesting stats.
All very nicely put until you look at their profits.
All very nicely put until you look at their profits
will you expand on that a bit?
Their profits are off the charts. The explanation was nicely put and meant to exaggerate the point that they are good ol boys and would never rape their customer base. The truth is quite the opposite. IMHO. Most of the folks around here will defend them until death. I'm not one of them.
so what's your plan?
Their profits are off the charts. The explanation was nicely put and meant to exaggerate the point that they are good ol boys and would never rape their customer base. The truth is quite the opposite. IMHO. Most of the folks around here will defend them until death. I'm not one of them.
So what is the truth? If profits are in line with all other industries, if true, how can it be a problem? Is it the high number of the profit? I still feel that they are the enemy when it comes to getting off the fossil fuel bandwagon. We need to put more focus and money on renewable fuel and change the entire distribution system. The big oil companies are in the way of this progress.
All very nicely put until you look at their profits.
How much lower than $.09 a gallon do you want it?
Hey poser, try these numbers on .....
Connocophillips, 3rd quarter 2005:
TOTAL REVENUE 1.953 BILLION (the part that pisses you off)
Transportation 127 MILLION
Opperating costs 176 MILLION
Depreciation 325 MILLION
Exploration 65 MILLION
Interest on loans 70 MILLION
Administration 76 MILLION
Gain / sale of assets117MILLION
Other expenses 18 MILLION
TAXES non-income 94 MILLION
That took 834 MILLION out oif the company, in a QUARTER
Net Income ....... 1.119 BILLION (The other part that pisses you off)
...........................371 MILLION DOLLARS was paid in income taxes.
That's 33.15% income taxes poser. I guess you like that.
How high should it be?
Over the first 3 quarters of 2005, they paid 907 MILLION in income taxes. 34.059% tax rate.
If you add in the non-income taxes paid,
465 million dollars, and 1,157 million for the 9 months (1.157 BILLION poserboy).
43% of money thru the company was taken by taxes, 43.4472%!!!!!
What more should they give poser????
Figure out how to stop americans from pumping 350 MILLION GALLONS OF GASOLINE A DAY!
That does not include diesel, jet fuels, home heat oil, kerosene, solvents, oil-based chemicals like paints, and the entire plastics industry.
350 million gallons a day they provide us and poser cries because they make 31 million dollars off it, daily.
Exxon Mobil. (NYSE:XOM)
ConocoPhillips (NYSE: COP)
Chevron (NYSE:CVX)
Based on preliminary SEC filings, these companies reported combined annual
corporate earnings of $108.2 billion, throughout the course of 2005.
During 2005, these three companies paid a combined corporate income tax burden of $44.3 billion on their reported earnings.
In addition to corporate income taxes, the same companies paid or remitted over $114.5 billion in other taxes in 2005, including franchise, payroll, property, severance and excise taxes.
158.8 Billion paid in taxes ......... 108 Billion in earnings AFTER TAXES.
Uncle Sam took more from them than they got to split among the shareholders/investors.
http://api-ec.api.org/filelibrary/Ta...ments%20Underc ut%20WPT.pdf
" I will suck any rep cock"
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