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  • How Evil is Exxon-Mobil? [View article]
    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 ?
    Aug 01 08:45 am |Rating: 0 -1
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