• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Home
  • About
  • Podcast
  • Archives
  • Links

Atomic Insights

Atomic energy technology, politics, and perceptions from a nuclear energy insider who served as a US nuclear submarine engineer officer

Exxon-Mobil sales top $100 BILLION

October 28, 2005 By Rod 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:

  • Texas State Revenue by Source 1978-2004
  • Florida Department of Revenue 2004 Annual Report
  • State of California Budgetary/Legal Basis Annual Report for Fiscal Year ending June 30, 2004
  • New York State 2004 Revenue Report
  • Exxon-Mobil Profile on Yahoo Finance

Filed Under: Uncategorized

Avatar

About Rod Adams

Rod Adams is an atomic energy expert with small nuclear plant operating and design experience, now serving as a Managing Partner at Nucleation Capital, an emerging climate-focused fund. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., one of the earliest advanced nuclear ventures, has engaged in technical, strategic, political, historic and financial discussion and analysis of the nuclear industry, its technology and policies for several decades. He is the founder of Atomic Insights and host and producer of The Atomic Show Podcast.

Please click here to subscribe to the Atomic Show RSS feed.

Primary Sidebar

Search Atomic Insights

Follow Atomic Insights

The Atomic Show

Atomic Insights

Recent Posts

Five Myths about the Lone Star Blackout

Atomic Show #291 – Kalev Kallemets, Fermi Energia

Preliminary lessons available to be learned from Feb 2021 extended cold spell

South Texas Project Unit 1 tripped at 0537 on Feb 15, 2021

Atomic Show #290 – Myrto Tripathi, Voices of Nuclear

  • Home
  • About Atomic Insights
  • Atomic Show
  • Contact
  • Links

Search Atomic Insights

Archives

Copyright © 2021 · Atomic Insights

Terms and Conditions - Privacy Policy