Biden’s gas tax holiday

a reply to: xuenchen

That's not to hard to do, example.. Google xom financials.. it's right there


Last Year,
Exxon Mobil Corp reported revenue of 276.7B for FY 2021, an increase of 54.95% compared to FY 2020. Net income grew 202.67% to 23.0B.

This quarter alone:
Exxon Mobil Corp reported revenue of 87.7B for FY 2022 Q1, an increase of 52.44% compared to FY 2021 Q1. Net income grew 100.73% to 5.5B.


And there you are, their income and profits.

If you don't understand it, just to be nice we will give 4% of profits and contribute that to acquisitions and cancelling of employee 401k retirement contributions which actually is already accounted for because last year is when they cancelled it.(this is billions of dollars at 4% which is average growth for "new" companies.

That means they made 100% MORE from the consumer. Accounting variability.

3$(last year) gas + 100%(this quarter)= 6 (current quarter where it spiked to 7$ in some places, that info isn't available. The fact we haven't hit 6$ last quarter indicates it's all imported. This data is about 3-6 months old as they only report financials every 3-4 months. It lines up with jan- March gas/oil price hikes.). Other companies like shell cvx, and copx are running the same scheme.

So 6$ per gallon average from the consumer pure profit increase is the answer your asking for.

(This price comes from supplying other countries gas/oil. At inflated prices due to the ban against Russian oil/gas. These companies supply more then just the US).

a reply to: BlackArrow
Thanks for the info!

a reply to: shooterbrody

Had to fix a few things, actual average is 6$ profit that they charge the consumer... not 3$ profit was last years gains. Not this past quarter. If you read my post on the last page it kinda explains how they are giving the US less gas because they can charge more in other countries.

a reply to: BlackArrow

Good info but way incomplete. I want step-by-step profit/loss from crude oil to gallon of gasoline.

😎

a reply to: xuenchen

Google their prospectus all of it is broken down in the reports that is listed, step by step like you want.

Or alternatively go to xoms website, click investor relations at the bottom and read the filings.

a reply to: xuenchen

corporate.exxonmobil.com... arterly-earnings

Link isn't pasting right so

corporate.exxonmobil.com...

a reply to: xuenchen

You will have to download their pdf from the website for full info. But all of the companies unless they are private release this info every 3-4 months depending. Most of the times it's directly on their main website sometimes it's via a seperate corporate website. The only thing that really changes.

Sadly while I used Xom as an example; the redirection to their main website wasn't correct because it's hosted on their corporate one.

They should shut down the refineries and pipelines for a month and give President Potato a glimpse of the future

a reply to: khnum

Well that would be the final nail in the coffin of the USA. It's simply not survivable much less doable.

Brandon the pedophile instead of opening back up our pipelines. oooo lets give em a tax break. How about we arrest the pedophile toss him in prison and let the inmates take care of him