Exxon-Mobil sales top $100 BILLION

ByRod Adams

Exxon-Mobil executives and stock holders will not be hurting this winter. On October 27, 2005 the company released its 3rd Quarter 2005 earnings report. For the first time ever, a publicly traded corporation reported top line revenue exceeding $100 BILLION dollars. A good portion of that top line fell to the bottom line – earnings rose 75% over the same quarter last year, totalling $9.92 BILLION.

Those numbers are quite mind boggling. Here are some comparisons to state government revenues for three rather large states:

Annual state government revenue for all of 2004Population (2000 census)
California$89.27 Billion33,871,658
Texas$62.07 Billion20,851,720
New York$100.17 Billion18,946,457
Florida$30.76 Billion15,982,378

Now compare that to the following:

Exxon-Mobil July-Sept 2005 – $100.72 Billion – number of employees – 105,200

In other words, it was a close race, but a company with just over 105,00 full time employees received more revenue during a single three month period than the richest of the four largest states in the US did during an entire year.

Neil Cavuto may disagree, but I think that indicates a rather significant economic problem. (Yesterday, on Your World, Neil Cavuto thought that Exxon-Mobil’s profits were only fair and tried to claim that they were only profiting 5 cents on the dollar. Both his facts and his understanding of those facts are subject to question.)

References:

Avatar
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

Similar Posts

Building a power plant in less than 6 months using small modules

ByRod Adams

Raser Technologies has recently started up a geothermal power plant in Utah that produces 10 MWe using a collection of identical, 200 kwe binary cycle units manufactured by UTC Power. It takes 50 of those units to produce the combined output, but by using these small, off the shelf machines, Raser was able to put…

New York Times editorial by Roger Cohen – America needs Atomic Anne

ByRod Adams

It is standard mythology among many people that support the development of nuclear fission power that one of the reasons that it has seen limited application in the U. S. is that it came under attack from the “liberal” media. It is also an often repeated verse in the dogma of certain “conservative” publications that…

Clean Skies News Coverage of American Nuclear Society Winter Meeting

ByRod Adams

I have had a busy week trying to time share between a day job and at least some attendance and coverage of the American Nuclear Society Winter Meeting. While searching for other views of the event that I might have missed earlier in the week, I found the below segment titled Nuclear Industry Holds Winter…

Another view about ABC's "Prime Time"

ByRod Adams

Lefteri Tsoukalas, the head of Purdue University’s School of Nuclear Engineering wrote a guest column for the Lafayette Journal and Courier about ABC’s October 13, 2005 “Prime Time” investigation of university research reactors. His well written column is well worth a visit for “the rest of the story.”

Industry, Policy Leaders Discuss Role of Nuclear in Energy Mix

ByRod Adams

The American Nuclear Society will be holding its annual winter meeting in Washington, DC during the period from 13-17 November 2005. The title of the meeting is “Talk About Nuclear Differently: A Good Story Untold”. There are a number of excellent speakers scheduled to speak and there is a growing excitement in what has been…

MetaFilter discussion about nuclear power

ByRod Adams

Eric McErlain at NEI Nuclear Notes pointed me to an interesting discussion that is going on at MetaFilter about nuclear power in response to Judith Lewis’s article in the LA Weekly. You can find the discussion at http://www.metafilter.com/mefi/46540. I was impressed by the civil nature of the discussion and the intelligence of the comments, even…