Gas prices high? Exxon Mobil's laughing, #1 in profits, better than 2x over Fortune 500 #1's Walmart.

[Analog]

Exxon Mobil was first with $21.5 billion in earnings ($213 billion in revenue) for 2003. Wal-Mart, which has the lower profit margins of the retailing industry, had $9.05 billion in earnings ($259 billion revinue).

Text

 

[MacBaine]

With sales of almost $259 billion - nearly a quarter of a trillion dollars

Uhh.... nearly?

 

[Skyclad1uhm1]

Originally posted by: MacBaine

With sales of almost $259 billion - nearly a quarter of a trillion dollars

Uhh.... nearly?

That's the creative bookkeeping part, they hired some ex-Enron employees

 

[Zee]

I hate exxon/mobil... they have the highest prices here in ny and they can do that because they have almost all the best locations except for an occasional hess or shell

 

[Double Trouble]

The numbers posted by those companies are absolutely staggering..... It's no wonder those huge mega-corps wield the power they do.

 

[SaltBoy]

If people would stop buying those gas-guzzling SUV's that they really don't need, the demand -- and subsequently the price -- for gas would go down.

The American people are to blame, not "Big Oil" corporations.

 

[XZeroII]

Yup, and you'll see the same people complaining about this heading over there later today.

Does anyone have a list of which companies/stations get their gas from Exxon/Mobil?

 

[iamwiz82]

Originally posted by: SaltBoy
If people would stop buying those gas-guzzling SUV's that they really don't need, the demand -- and subsequently the price -- for gas would go down.

The American people are to blame, not "Big Oil" corporations.

We had better stop using jets and boats as well!

 

[CChaos]

Not to mention eating. I mean, you do realize they have to truck that food to the supermarket don't you! What, do you think apples grow on trees?!?

 

[SaltBoy]

And ANOTHER thing -- the price of gas, adjusted for inflation, has actually gone DOWN over the past eighty years.

 

[Thegonagle]

Originally posted by: tagej
The numbers posted by those companies are absolutely staggering..... It's no wonder those huge mega-corps wield the power they do.

You wanna see something funny? Look at the taxes they paid last year compared to the year before. I haven't looked specifically at that company, but most of the large corps I've looked at are paying about 1/3 less taxes. Gee, who's screwing who here? Who are the tax cuts really benefiting? Who needs to make up the difference? (Answer: Individual taxpayers!)

 

[Zee]

Originally posted by: SaltBoy
If people would stop buying those gas-guzzling SUV's that they really don't need, the demand -- and subsequently the price -- for gas would go down.

The American people are to blame, not "Big Oil" corporations.

You are trashing the wrong thread. You are looking at oil prices as a whole which is not the case right now. The original point was pointing at exxon/mobil specifically.

 

[ragiepew]

Does anyone have a list of which companies/stations get their gas from Exxon/Mobil?

Gas stations get gasoline from any number of places... just because you're buying gas at an Exxon or Shell doesn't mean that the gas came out of an Exxon/Shell refinery, and in most cases, it probably doesn't. The only thing that makes Exxon gas... Exxon gas (i know, confusing) is the addatives. Each company has a special blend of addatives that they put into their gas at the terminal (after its been refined and shipped to a certain location/terminal). Being that ConocoPhillips is the No1 refiner in the country (16 refineries) chances are that a bigger chunk of gas purchased comes from them and not Exxon (although ExxonMobile is No 2)

Anyway, gas is gas... about the only thing I've ever heard reccomended is to buy a major brand gas (instead of the walmart/sams gas for example) to ensure you are getting a good addative (engine detergents/cleaners).

 

[SagaLore]

Originally posted by: SaltBoy
If people would stop buying those gas-guzzling SUV's that they really don't need, the demand -- and subsequently the price -- for gas would go down.

The American people are to blame, not "Big Oil" corporations.

I thought that when consumption goes up, prices go down?

 

[SagaLore]

Originally posted by: Thegonagle

Originally posted by: tagej
The numbers posted by those companies are absolutely staggering..... It's no wonder those huge mega-corps wield the power they do.

You wanna see something funny? Look at the taxes they paid last year compared to the year before. I haven't looked specifically at that company, but most of the large corps I've looked at are paying about 1/3 less taxes. Gee, who's screwing who here? Who are the tax cuts really benefiting? Who needs to make up the difference? (Answer: Individual taxpayers!)

Right... those darn corporations keeping the money they make! It's not like it's going to trickle down to the employees and then the buyers of the products they provide! Darn them! It's not like they will reinvest into the economy, making our money worth more and creating more jobs! Drat! Spit on those devils!

 

[Rumpltzer]

Originally posted by: SagaLore

Originally posted by: SaltBoy
If people would stop buying those gas-guzzling SUV's that they really don't need, the demand -- and subsequently the price -- for gas would go down.

The American people are to blame, not "Big Oil" corporations.

I thought that when consumption goes up, prices go down?

That seems intuitive, but you also have to factor in OPEC. I mean, they will turn production up or down to maximize their own profits (capitalism, of course). If people are willing to pay more, why should they dilute prices by increasing production?

Regular (87 octane) was $2.13 last week at the least expensive stations in Santa Barbara last week. I hear prices were supose to go up.

 

[Vette73]

Originally posted by: ragiepew

Does anyone have a list of which companies/stations get their gas from Exxon/Mobil?

Gas stations get gasoline from any number of places... just because you're buying gas at an Exxon or Shell doesn't mean that the gas came out of an Exxon/Shell refinery, and in most cases, it probably doesn't. The only thing that makes Exxon gas... Exxon gas (i know, confusing) is the addatives. Each company has a special blend of addatives that they put into their gas at the terminal (after its been refined and shipped to a certain location/terminal). Being that ConocoPhillips is the No1 refiner in the country (16 refineries) chances are that a bigger chunk of gas purchased comes from them and not Exxon (although ExxonMobile is No 2)

Anyway, gas is gas... about the only thing I've ever heard reccomended is to buy a major brand gas (instead of the walmart/sams gas for example) to ensure you are getting a good addative (engine detergents/cleaners).

OMG!!!! STOP SPREADING THIS HORSE S__T!!!!!!!!


Gas additives are added AT THE REFINERY!!! They are NOT added at the gas station. The gas you buy at a Wal-Mart/Sams is the same Gas you will be getting at a Exxon or whom ever is across the street.

Do you REALLY think some kid walks out to the tanks and adds the MAGIC additive that will keep your car clean and running good?

ALL GAS IN A AREA COMES FROM THE SAME PLACE, AND IS THE SAME!!!

/End

 

[LordJezo]

Originally posted by: ragiepew

Does anyone have a list of which companies/stations get their gas from Exxon/Mobil?

Gas stations get gasoline from any number of places... just because you're buying gas at an Exxon or Shell doesn't mean that the gas came out of an Exxon/Shell refinery, and in most cases, it probably doesn't. The only thing that makes Exxon gas... Exxon gas (i know, confusing) is the addatives. Each company has a special blend of addatives that they put into their gas at the terminal (after its been refined and shipped to a certain location/terminal). Being that ConocoPhillips is the No1 refiner in the country (16 refineries) chances are that a bigger chunk of gas purchased comes from them and not Exxon (although ExxonMobile is No 2)

Anyway, gas is gas... about the only thing I've ever heard reccomended is to buy a major brand gas (instead of the walmart/sams gas for example) to ensure you are getting a good addative (engine detergents/cleaners).

Did you watch that History Channel special as well?

As for the response above.. yeah, it is added at the refinery, but, each carrier adds it separately. They fill up their tanks and then go to the additive tank and add what they need to add there.

 

[ragiepew]

Originally posted by: Marlin1975

Originally posted by: ragiepew

Does anyone have a list of which companies/stations get their gas from Exxon/Mobil?

Gas stations get gasoline from any number of places... just because you're buying gas at an Exxon or Shell doesn't mean that the gas came out of an Exxon/Shell refinery, and in most cases, it probably doesn't. The only thing that makes Exxon gas... Exxon gas (i know, confusing) is the addatives. Each company has a special blend of addatives that they put into their gas at the terminal (after its been refined and shipped to a certain location/terminal). Being that ConocoPhillips is the No1 refiner in the country (16 refineries) chances are that a bigger chunk of gas purchased comes from them and not Exxon (although ExxonMobile is No 2)

Anyway, gas is gas... about the only thing I've ever heard reccomended is to buy a major brand gas (instead of the walmart/sams gas for example) to ensure you are getting a good addative (engine detergents/cleaners).

OMG!!!! STOP SPREADING THIS HORSE S__T!!!!!!!!


Gas additives are added AT THE REFINERY!!! They are NOT added at the gas station. The gas you buy at a Wal-Mart/Sams is the same Gas you will be getting at a Exxon or whom ever is across the street.

Do you REALLY think some kid walks out to the tanks and adds the MAGIC additive that will keep your car clean and running good?

ALL GAS IN A AREA COMES FROM THE SAME PLACE, AND IS THE SAME!!!

/End

And you know this how? I happen to work for one of the oil majors and know from experience that the addative is added at the terminal. Also, if the addative is added at the Refinery, as you state, then all the stations buying gas from an ExxonMobil refinery would use Exxon gas w/ Exxon addatives... which is not the case. As I stated, the addatives are the only thing that make Exxon gasoline (from an exxon station) truyly exxon gas. As yous aid, the gas is gas and it is all the same UNTIL the addative is added.

Also, another thing that is added at the terminal is a trace signiture to ensure that branded gas stations are using the correct brand. Beleive me when I say that there are hefty fines for gas stations that do not use their respective brands gas. Gas stations are checked/audited for this all the time. And, again, if this signature chemical was added at the refinery like you state then Conoco gas station that bought their gas from an exxon refinery because it was much closer would would not have the correct signature and would face hefty fines and possible de-brandment.

Also, no where did I say that the addative was "Magic"... I just said that it was good to know for sure you were getting something proven (from a major gas brand).

 

[Triumph]

Originally posted by: Marlin1975

Originally posted by: ragiepew

Does anyone have a list of which companies/stations get their gas from Exxon/Mobil?

Gas stations get gasoline from any number of places... just because you're buying gas at an Exxon or Shell doesn't mean that the gas came out of an Exxon/Shell refinery, and in most cases, it probably doesn't. The only thing that makes Exxon gas... Exxon gas (i know, confusing) is the addatives. Each company has a special blend of addatives that they put into their gas at the terminal (after its been refined and shipped to a certain location/terminal). Being that ConocoPhillips is the No1 refiner in the country (16 refineries) chances are that a bigger chunk of gas purchased comes from them and not Exxon (although ExxonMobile is No 2)

Anyway, gas is gas... about the only thing I've ever heard reccomended is to buy a major brand gas (instead of the walmart/sams gas for example) to ensure you are getting a good addative (engine detergents/cleaners).

OMG!!!! STOP SPREADING THIS HORSE S__T!!!!!!!!


Gas additives are added AT THE REFINERY!!! They are NOT added at the gas station. The gas you buy at a Wal-Mart/Sams is the same Gas you will be getting at a Exxon or whom ever is across the street.

Do you REALLY think some kid walks out to the tanks and adds the MAGIC additive that will keep your car clean and running good?

ALL GAS IN A AREA COMES FROM THE SAME PLACE, AND IS THE SAME!!!

/End

You make no sense. You tell ragiepew to stop spreading lies, then you basically agree with him that all gas is the same. And you're wrong - Additives are not added at the refinery, they're added at local distribution stations, which is what ragiepew said. The refinery is where the oil is turned into gas, diesel, propane, rubber, tar, etc. Gasoline is just one part of their job.

 

[ragiepew]

Thanks for the backing triumph... :beer:

 

[jpeyton]

Originally posted by: SagaLore

Originally posted by: Thegonagle

Originally posted by: tagej
The numbers posted by those companies are absolutely staggering..... It's no wonder those huge mega-corps wield the power they do.

You wanna see something funny? Look at the taxes they paid last year compared to the year before. I haven't looked specifically at that company, but most of the large corps I've looked at are paying about 1/3 less taxes. Gee, who's screwing who here? Who are the tax cuts really benefiting? Who needs to make up the difference? (Answer: Individual taxpayers!)

Right... those darn corporations keeping the money they make! It's not like it's going to trickle down to the employees and then the buyers of the products they provide! Darn them! It's not like they will reinvest into the economy, making our money worth more and creating more jobs! Drat! Spit on those devils!

Trickle-down Reaganomics? I didn't know anyone still subscribed to horsesh*t policies (besides Bush, anyways).

 

[Nitemare]

And the major gas co's are sueing discount clubs and supermarkets who try to sell gas below "their" fixed prices

Gas companies are de debil. I see these boycott the gas companies posted everywhere I go and if I had the money I'd probably spring for a motorcycle or hybrid. It's not that I drive a guzzler (25 mpg), but feeding the gas co's is pretty much a necessity nowadays, just a question of how much you feed them

 

[SagaLore]

Originally posted by: jpeyton

Originally posted by: SagaLore

Originally posted by: Thegonagle

Originally posted by: tagej
The numbers posted by those companies are absolutely staggering..... It's no wonder those huge mega-corps wield the power they do.

You wanna see something funny? Look at the taxes they paid last year compared to the year before. I haven't looked specifically at that company, but most of the large corps I've looked at are paying about 1/3 less taxes. Gee, who's screwing who here? Who are the tax cuts really benefiting? Who needs to make up the difference? (Answer: Individual taxpayers!)

Right... those darn corporations keeping the money they make! It's not like it's going to trickle down to the employees and then the buyers of the products they provide! Darn them! It's not like they will reinvest into the economy, making our money worth more and creating more jobs! Drat! Spit on those devils!

Trickle-down Reaganomics? I didn't know anyone still subscribed to horsesh*t policies (besides Bush, anyways).

Call it whatever you will. Reagan certainly didn't "invent" how it works, he just used a description for laymen. What happens to that money when the corporations keep more of it? Huh?

I will gladly pay 5% more taxes as a lowly individual tax payer if that means I'm making 7% more in salary...

 

[arcenite]

Originally posted by: SaltBoy
If people would stop buying those gas-guzzling SUV's that they really don't need, the demand -- and subsequently the price -- for gas would go down.

The American people are to blame, not "Big Oil" corporations.

shutup n00b