I'd buy an rx8
What would you do with $14.83 billion in 3 months?
85% is the cost of raw materials (oil)Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, surging past analyst estimates.
Exxon Mobil (XOM, Fortune 500), the leading U.S. oil company, said its third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier. That profit included $1.45 billion in special items.
Exxon's prior record was $11.68 billion in the second quarter of 2008.
The company said its revenue totaled $137.7 billion in the third quarter.
Analysts had expected Exxon to report a 40% jump in earnings to $2.38 per share, or net income of $12.2 billion, and a 28% surge in revenues to $131.13 billion, according to a consensus of estimates compiled by Thomson FirstCall.
The company's earnings were buoyed by oil prices, which reached record highs in the quarter before declining. Oil prices were trading at $140.97 a barrel at the beginning of the third quarter, and had fallen to $100.64 at the end.
Compare that to 2007, when prices traded at $71.09 a barrel at the beginning of the third quarter, and rose to $81.66 by the end.
Exxon's special charges include the gain of $1.62 billion from the sale of a German natural gas company. It also includes the $170 million charge in interest related to punitive damages from the Valdez oil spill off the Alaskan coast in 1989.
The company said it lost $50 million, before taxes, in oil revenues because of Hurricanes Gustav and Ike. The company expects damages related to these hurricanes to reduce fourth-quarter earnings by $500 million.
Earlier Thursday, Europe's leading oil company, Royal Dutch Shell PLC (RDSA), reported a 22% gain in net profit for the third quarter, to $8.45 billion. The company said sales rose 45% to $132 billion.
Exxon is the second-largest company in the Fortune 500 in terms of annual sales, behind Wal-Mart (WMT, Fortune 500).
6.9% is energy costs
3.5% is maintenance
2.7% is operations (people)
2% can be attributed to miscellaneous costs (catalysts, supplies, water)
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Make a swimming pool full of $100 bills and dive in.
i would build a circuit track and open it to the public for a fee of course but all would be welcomed i would even have go kart night lol
Prostitutes... the ones that cost $50.00 per, as well... That'd be a ton of prostitutes. Then, I'd take them all to IHOP.
Win! Also buying a car company at this time is not smart.Prostitutes... the ones that cost $50.00 per, as well... That'd be a ton of prostitutes. Then, I'd take them all to IHOP.
I would build a time machine, go back in time. Invest a ton in Apple right
before the Ipod came out and invest in real estate in Dubai and invest
in Google right as it started or just come up with the idea of google.
If I could not build a time machine. I would invest a billion into Mutual Funds and
then live off the amazing amount of interest for the rest of my life
i'd buy all the IHOP's so I could watch moody bring all his prostitutes there. Then I could serve them delecious waffles and bacon until all said prostitues were satisfied.
prostitutes are never satisfied hahai'd buy all the IHOP's so I could watch moody bring all his prostitutes there. Then I could serve them delecious waffles and bacon until all said prostitues were satisfied.
Pay for a month of operations in iraq?
This country sucks sometimes.
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