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Originally Posted by firstdown
You also need to know what those numbers mean. If they made a 1cent per dollar spent proffit last 1/4 and a 1 1/2 cent profit per dollar spent this 1/4 that would be a 50% increase in profit.
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Well, look at it this way... exxon also owned the previous record for highest net earnings in the US before last year's 36 billion... I think the previous figure was around 27 billion. They broke the previous record by nearly 30% in one year! When you're talking pennies, the figures seems contextually minimal... but 8-9 billion on top of everything points to an economic windfall for shareholders. That's not a minimal number.
04-13-2006, 07:02 PM
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