986 Forum - The Community for Porsche Boxster & Cayman Owners - View Single Post - Poll: Will Gas Hit $5/Gal by 4th of July?

thstone · 05-05-2011, 09:01 AM

Exxon Mobil may not be the biggest company in the US but it's by far the most profitable: Driven by higher prices for crude — as well as big gains in its natural gas and chemicals businesses — profits at Exxon Mobil topped $30 billion, a whopping 58% jump. (Ref: Yahoo Finance 5/5/11)

Higher prices for crude = higher profits. Why? Exxon raises the price of gas higher than the equivalent price increase for buying more expensive crude oil and thereby increases their profit margins.

05-05-2011, 09:01 AM	#9
thstone Certified Boxster Addict Join Date: Nov 2010 Location: Los Angeles Posts: 7,669	Exxon Mobil may not be the biggest company in the US but it's by far the most profitable: Driven by higher prices for crude — as well as big gains in its natural gas and chemicals businesses — profits at Exxon Mobil topped $30 billion, a whopping 58% jump. (Ref: Yahoo Finance 5/5/11) Higher prices for crude = higher profits. Why? Exxon raises the price of gas higher than the equivalent price increase for buying more expensive crude oil and thereby increases their profit margins. __________________ 1999 996 C2 - sold - bought back - sold for more 1997 Spec Boxster BSR #254 1979 911 SC POC Licensed DE/TT Instructor Last edited by thstone; 05-05-2011 at 10:10 AM.