Exxon’s $39.5-billion profit: Where will the money go?
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Regarding “Exxon profit hits record $39.5 billion” (Feb. 2):
As a longtime owner of Exxon Mobil Corp. stock, I think it will be interesting to see whether the company will share any of its record profit with rank-and-file shareholders -- or, as in the past, it honors its top executives with more obscene bonus checks.
It is time for common shareholders to unite and voice their objections to such actions. United, their voices will cause the boardroom to take notice.
Charles W. Buckman
Palm Springs
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Yes, $39.5 billion is one heck of a lot of money. At the end of the article, however, you state that Exxon reported $377.6 billion in sales.
That works out to a profit margin of a little more than 10%. And 10% sure doesn’t seem as if the company is gouging anybody.
Clark F. Jackson
Glendora
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