F... gas prices

[SirClintonPortis]

Originally Posted by Chico23231

Exxon Mobil's first-quarter profit surges 69% to $10.7 billion due to higher oil and natural gas prices.

Glad to see the oil companies profitting in these tough times

That's because people keep on buying oil products, and that number will only increase. After all, gas is not the only product derived from oil. I wouldn't expect their profits per capital to actually be that high. They have customers from all over the world buying their products.


FYI
These reported profits actually are what's left over after paying all the "bills"(taxes, wages, interest). The technical term is "net profits".

Net Profits actually only go to two places:
1. Retained earnings to reinvest in the company. Buy new equipment, do R&D, etc
2. Stockholders via dividends.

Now, whether or not they are actually doling all of the profits for either task is a different matter.