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With a projected $550 Billion revenue, they would actually need to break into 550,000 startups to keep them all under $1 Million. Wow, that's amazing. Source:
by chriskelley 18y ago
With a projected $550 Billion revenue, they would actually need to break into 550,000 startups to keep them all under $1 Million.
Wow, that's amazing.
Source: http://blogs.moneycentral.msn.com/topstocks/archive/2008/04/28/get-ready-for-exxon-s-truly-gaudy-numbers.aspx http://blogs.moneycentral.msn.com/topstocks/archive/2008/04/...
- fallentimes 18y agoWhat's also amazing is wide spread accusations of price gouging when the oil industry has some of the lowest margins out there. Sources: http://money.cnn.com/2008/07/31/news/companies/exxon_profits/index.htm?cnn=yes http://money.cnn.com/2008/07/31/news/companies/exxon_profits... http://www.pardontheinformation.com/2008/06/why-are-oil-companies-so-profitable.html http://www.pardontheinformation.com/2008/06/why-are-oil-comp... http://is.gd/1e4D http://is.gd/1e4D
- mattmaroon 18y agoPeople look at total profits and get confused.
- fallentimes 18y agoMost people also have yet to accept evolution and read Us Weekly more than US News.
- delackner 18y agoIt isn't necessarily confusion. Public utilities sell electricity basically at cost, and that reduces the cost of goods and services for the entire economy. What people get confused about is that (to my knowledge) no public-run oil firm has managed to match the efficiency of private oil firms. Even heads of state seem to get confused (or prefer to be confused, to win popularity points).
- Prrometheus 18y agoPeople prefer to think that economics, finance, and business are some sort of right-wing conspiracy and so they don't bother to educate themselves on it.
- rw 18y agoGreed explains those sorts of conspiracy theories away. It doesn't make it "right," however.