Big Oil

Feb. 2nd, 2006 03:10 pm
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[personal profile] fflo
Exxon's vile (record-setting) profits last year:

$ 36,100,000,000.00

That's almost $300,000 per minute of 40-hr-a-week work, all year long, no time off. And in the last quarter, when they really raked it in (post-Katrina), the $10,700,000,000 they profited (this is profit, not gross revenue, folks) comes to $5716 a second.

That's, like, the entire annual payroll of MR in, what, 8 or 9 minutes?

I'm just trying to get some sense of the big dollar signs we're talkin' here.

Re: Bullshit Big Oil

Date: Feb. 3rd, 2006 10:04 pm (UTC)
From: [identity profile] aabassplayer.livejournal.com
I think the real truth is that they set the price of gas as a percentage of world market cost (resulting in automatically adjusting profits)....which, in effect, they can be truthful that the world market is setting the price. :-P
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