Exxon announce profits of 19 billion quid!

kitten_caboodle · 1 Feb 2006 at 16:16

I see that Exxon Mobil made the biggest corporate profit ever in 2005 making around 19billion after tax.
No wonder they are playing it down to all the critics who are angry over profiteering and the rising cost of fuel.

What do you guys think? Do you think they should be making such a profit or should they incurr 'windfall taxes'. Will the prices keep going up?

Exxon story

Morba · 1 Feb 2006 at 16:19

just make then charge a proper representative amount for fuel (to consumers).
otherwise you pay tax on the fuel, tax on the tax, then tax on the fuel again!

Baron G · 2 Feb 2006 at 05:09

$36bn profit on a $371bn turnover isn't that outrageous.

daz · 2 Feb 2006 at 09:14

Baron G said:
$36bn profit on a $371bn turnover isn't that outrageous.

10% net is a nice margin.

Royal Dutch Shell have announced record profits too... http://news.bbc.co.uk/1/hi/business/4672716.stm

Nice.