Quote:
Originally Posted by classicman
Where was that? My recollection from the news was that they are making record profits. Cite please.
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Quote:
Originally Posted by tw
Your recollection is the popular myth some confuse the exception with reality.
Exxon has record profits. If you move $100 of a commodity and make $10, then when a commodity costs $1000, the profit better be $100. That (and not speculation) is why Exxon is earning a less percentage while moving a more expensive product. Record profits but taking a less percentage in profits.
The source was already cited - NY Times of 14 May 2008.
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Seems like you are now arguing semantics. Whatever. At best/worst we are both correct. I guess it depends on whether you are referring to gross/net or percentages.
DO NOT DISCUSS THE DIFFERENCE - I ALREADY GOT IT.