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Name:
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water_watcher
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Subject:
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There you go again!
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Date:
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11/4/2008 10:39:01 AM
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I have to respond to the Exxon piece .... Exxon is a HUGE company. They are publically trade, investor look for a return on their money just like any company they invest in. Return are expected to be higher for taking an unsecured risk vs a CD.
No matter which measure you use ROE, ROI, RONA, ROS .... there are plenty of companies that have much better returns. You can not look at "dollars" of profit. If they were ten smaller companies (which they do have at least 10 separate divisions, from chemicals, plastics, drilling, refining, wind, research, solar, etc) would you focus on them? Companies merge for efficiency and cost savings .... normally the jobs that are eliminated are at the top not at the bottom .... so I would think you would look favorably on that. They merged with Mobile Oil a long time ago.
By some of the measure above they are not the most successful oil company, there are much better returning ones. I for one own stock in Marathon Oil "MRO" (just bought it yesterday). They have much better returns and dividend yeild than Exxon, but is a much smaller company.
When oil companies were sucking wind when Oil was $20 -$30 a barrel, were people saying they were not making enough money for their shareholders? Stocks go up and down, just because we are in an up period doesn't mean we should "take more away" .... who is the government to say how much they should earn? Oil is now down to $60 a barrel and gas prices have followed, the rise in oil was partly do to speculator not the oil companies and the weak US dollar which benefits US job creation. Now that the dollar is getting much stronger, oil prices are coming down.
If you need me to explain the effect of a weak vs strong dollar on imports and exports let me know. All I will say is a strong US dollar makes imports much cheaper and will destroy US job market as it will be cheaper to import products, plus companies that export will be hurt since their products will cost more.
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