Thursday, June 26, 2008

If you can read this Thank BIG OIL!

 
You want to talk about "obscene profits"?    You think it's oil?
 
No!  It's BIG SOFTWARE!
 
20 Largest U.S. Companies By Market Capitalization as of 06/20/08
Market Capitalization is in millions of dollars (e.g., Exxon Mobil = $448 billion)

Name  Symbol     Mkt cap      Net Profit Margin (Last 3 yrs)
       2007         2006          2005
Exxon Mobil   XOM  $448,639 10.00% 10.50% 9.70%
General Electric   GE  $272,907 12.90% 12.70% 11.10%
Microsoft   MSFT  $262,914 27.50% 28.50% 30.80%
Wal-Mart Stores  WMT  $221,874 3.40% 3.20% 3.60%
AT&T Inc.  T  $204,549 10.00% 11.70% 10.90%
Chevron Corp.  CVX  $199,848 8.50% 8.20% 7.10%
Procter & Gamble  PG  $192,827 13.50% 12.70% 12.80%
Berkshire Hathaway  BRK.A  $192,052 11.20% 11.20% 10.30%
Johnson & Johnson  JNJ  $180,533 17.30% 20.70% 20.60%
Google Inc.  GOOG  $171,630 25.30% 29.00% 23.90%
Int'l Business Mach.  IBM  $168,581 10.50% 10.40% 8.70%
Apple Inc.  AAPL  $154,522 14.60% 10.30% 9.60%
Cisco Systems  CSCO  $145,552 21.00% 19.60% 23.10%
ConocoPhillips  COP  $143,077 6.10% 8.20% 7.40%
JPMorgan Chase  JPM  $129,732 13.20% 14.50% 10.60%
Intel Corporation  INTC  $128,135 18.20% 14.30% 22.30%
The Coca-Cola  KO  $124,642 20.70% 21.10% 21.10%
Bank of America   BAC  $120,670 12.10% 18.10% 19.60%
Pfizer Inc.  PFE  $117,241 16.80% 40.00% 15.80%
Oracle Corp.  ORCL  $113,849 23.70% 23.50% 24.50%
 
 
In fact Exxon is not even in one of the top 3 spots in its own industry category
(Top 10 Profit Margins by Industry, The Online Investor)
 
How about the phone companies?
INDUSTRY: Telecom/Domestic
 

Company

Symbol Profit Margin
           

Alaska Comm. Systems

ALSK 36.48%
 

Windstream Corp.

WIN  28.61% 
 

Chunghwa Telecom

CHT 24.07%
 

Warwick Valley Tel

WWVY 23.23%
 

BCE

BCE 22.44%
 

Qwest Comm. Int'l

Q 20.64%
 

Century Tel

CTL 15.88%
 

Shenandoah Telecom.

SHEN 13.50%
 

Iowa Telecom Svcs.

IWA 10.50%
 

AT&T 

T 10.41%
 
 

 

 
 
 
 
 
But do you want to know the biggest one of all?
 
GOVERNMENT!
 
Yep 100% profit!  They produce NOTHING yet they rake in Billions of dollars every day!
 
Tell your Congressmen to lay off the talk of a windfall tax on oil companies. Who do you think is going to pay that tax???  YOU ARE.  Exxon's (any company) profit margin is not going to change one bit, no matter how much you tax them.  Every company is in business for profit. For the government weenies to come along after the fact and say "Gee, look at all that profit! We should take that 'excess' to help the little guy who is struggling."  Yeah right, so now gas goes up to $7 a gallon to make up the difference. Exxon shareholders (that's you and me, baby) are not going to be denied a profit.
 
My bumper sticker says:
 
If you're reading this Thank BIG OIL!
 
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