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The Chip Board Archive 20

Doug, let's look at the Fortune 3

Doug,

In the realm of interesting information, especially for those who love oil companies. First, let's explore profits:

Rank Company -- Revenues ($ millions) -- Profits ($ millions)

1 Wal-Mart Stores -- 408,214.0 -- 14,335.0
** Some people also hate Wal-Mart. 14 BILLION+ in profits. This will be my baseline.

2 Exxon Mobil -- 284,650.0 -- 19,280.0
** Exxon has just ~70% of the revenues that Wal-Mart has, yet 134% of the profit -- almost 5 ADDITIONAL BILLION dollars. By the way, Exxon leads the country in profits. Well over 4 BILLION dollars more than Microsoft who is #2, just slightly ahead of Wal-Mart.

3 Chevron -- 163,527.0 -- 10,483.0
** Chevron 40% of Wal-Mart's revenue, yet a figure that's 73% of their profit.

Now maybe you understand why most Americans not employed by oil companies think Exxon and Chevron should have bailed out GM, not Uncle Sam.

Bryan

Messages In This Thread

Why does gasoline cost so much ???
Let me guess...
rofl Take Beano before.... rofl
Re: Why does gasoline cost so much ???
Doug, let's look at the Fortune 3
True, those companies do make a lot of profit.
Re: True, those companies do make a lot of profit.
I apologize for something I did Not say.
grin and Doug, please note that...
I realize that it covers all taxes and I have no
Yep agreed
6 % seems reasonable to me.
Paul, we have been hearing the commercials down
That is very hard to answer But...
Thanks Paul. Those are some heavy duty
More BS
Bryan, I found the list you were pulling those
Not sure what circles you travel in, but...

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