Exxon is forecasted to have net income of $43B ("more than God") but Google of $76B, Microsoft of $80B, and Apple of $104B. Exxon profit margin 11%, those guys 30%. Let’s be clear this was driven by policy makers and rates at 0%
@MenthorQpro
Maybe this president better learn numbers from other companies before he makes statements like on Exxon and blames oil companies for failure of his energy policies.
Politicians must understand, information and data are available alot easier than before.
@MenthorQpro
Let’s not discuss a governments or states profit margin - zero inventory cost and you can force your customers to buy. Talk about the best business model of all time.
@MenthorQpro
100%, but $GOOG making absurd amounts of money can be easily translated into populist quotes, $XOM is easy: Their robbing you in the gas stations"
@MenthorQpro
I hope* policymakers do not look at, for example, a select subset of semis with GMs > 50% and astronomical secular growth trends.
Honestly, I don't even mind they wander cluelessly on about XOM as long as they never mention, say, MRO or LNG.
*top-tier strategy
@MenthorQpro
Exxon creates oil and energy needed to survive (Yes billions of people will literally die if we stop pumping oil).. Apple creates entertainment, steals consumers data, exploits the public.. Why don’t we windfall tax apple?
@MenthorQpro
In 2017-2019, the US economy was red hot. It was an ideal time to raise rates. It would have kept the the tech sector from becoming too overvalued. It would have also provided the Fed with another tool during covid. Trump forced Powell to keep rates at zero. That’s the basic fix