Yes, $11 billion profit is a lot of money, but percentage-wise it is only 8.5% of total revenue. Considering the 30 yr bond rate is 4.5%, ExxonMobil is taking a lot risk (via huge capital expenditures) to earn only 4% above the risk-free rate.
Tech companies earn considerably more profit (percentage-wise) than oil companies. For example, Microsoft earns a 29% profit. Why isn't Chuck Schumer going after Microsoft for making a huge profit selling a crappy product like Vista ?
-
Yes, $11 billion profit is a lot of money, but percentage-wise it is only 8.5% of total revenue. Considering the 30 yr bond rate is 4.5%, ExxonMobil is taking a lot risk (via huge capital expenditures) to earn only 4% above the risk-free rate.
Aug 01 08:45 am
|Rating:
0
-1
All Comments by longoil »How Evil is Exxon-Mobil? [View article]
Tech companies earn considerably more profit (percentage-wise) than oil companies. For example, Microsoft earns a 29% profit. Why isn't Chuck Schumer going after Microsoft for making a huge profit selling a crappy product like Vista ?