Mobil makes a lot of money because they have enormous revenues but their gross margins are pretty slim; a small gross margin on a large amount of revenue can still be a pretty big number. Apple makes much higher gross margins on their products. Mobil gets the same tax breaks for R&D as other companies. Mobil has large exploration costs with no guarantee of making money.
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Originally Posted by village dreamer
mobil exxon makes billons and billons every year plus all the tax breaks,ya I feel sorry for the ceo.................not
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