Release The Hounds!

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Wednesday, February 01, 2006

ExxonMobil's Profits...Not Bad, But Not Citigroup Either

During the course of a discussion yesterday, the subject of ExxonMobil's record quarter of profits came up. There was the expected harummphing about the unjustness of it all, and the call for some sort of "investigation." I didn't hear any calls for investigation into banking or drug company profits. As has been said here before, the oil company profit margins are less than those in other industries. The dollar figure is higher because of the higher total revenue number. ExxonMobil made 9.8 cents of profit for every dollar of revenue. However, Citigroup Inc. made 15.7 cents per dollar in 2004. . Altria Group, the maker of Marlboro and other cigarettes, made 22 cents for every dollar of revenue in 2004, and pharmaceutical company Merck made 25.3 cents for every dollar of revenue in 2004. Where in the general reporting can that information be found?
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