DALLAS - Oil industry behemoth Exxon Mobil’s earnings rose to $10.49 billion in the third quarter, the second-largest quarterly profit ever recorded by a publicly traded U.S. company. Its shares briefly rose to a 52-week high.

With gas prices down around $2 per gallon we shouldn’t expect to see quite the same level of silliness in response that we witnessed a few months back.  But then again, you never know.

For those of you who think Exxon is taking advantage of Americans here is a little perspective.

Third quarter profit margins:

  • 65% (20% w/o one time income source) - Texas Instruments (digital, analog, you name it) 
  • 29% - Google (probably how you found this site) 
  • 29% - Coach (makers of overpriced purses) 
  • 28% - Coca-Cola (carbonation king) 
  • 24% - Microsoft (makers of notoriously buggy software) 
  • 24% - Genentech (makers of Avastin and other prescription drugs)
  • 20% - Bank of America (self explanatory)
  • 13% - Disney (more than just Mickey Mouse)
  • 10% - Exxon Mobil (evil oil company)

So, which companies are “greedy profiteers?”

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This entry was posted by Brian on Thursday, October 26th, 2006 at 10:42 pm and is filed under Economy, Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Please note the copyright policy.