Friday, December 18, 2009

Why would Exxon oil stock go down when their profits are thru the roof?

...are executives able to divert the money the company makes?Why would Exxon oil stock go down when their profits are thru the roof?
Total Exxon profits are good, but there is quite a bit of uncertainty about how long it will last. (You may have noticed that the price of oil is volatile.) Also, as a percentage of their gross, their profit margin really isn't astonishing, the total figure is high because they are an extremely large company.



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