Quote:
Originally Posted by mountainman
Look at exon's profits over the years...they make a lot of fiscal responsibility.
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Exxon Mobile's margins are right at or below 10% of revenue, pretty low actually compared to most Fortune 500 companies. Apple's margins are at 27%, are you mad at them?
Exxon also employs over 75,000 people at above average compensation levels.
Hating on "Big Oil" is pretty cliche, as others have stated best to join in the profits by purchasing their stock. You probably already have some if invested in mutual funds.
There is currently a 2 million plus barrels a day surplus in production, prices will likely continue to decline and stay low for the first half of '15.
For the accountant types:
Diving deeper