Motley Fool Money Record Profits? Record Profits.
Jan 31, 2023
Bill Mann, a Senior Analyst at Motley Fool, provides keen insights on market trends, highlighting McDonald's impressive pandemic sales growth of $20 billion and Exxon Mobil's record $55 billion profits. Alison Southwick and Robert Brokamp dive into the mixed signals of the economy, reflecting on household debt and personal finance amidst rising financial challenges. The trio also discusses the curious investor sentiment toward stock buybacks, comparing Chevron's strategy with Exxon’s. Join them as they navigate the fine balance of profit and economic caution!
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McDonald's Growth
- McDonald's global system sales grew by $20B since the pandemic, despite closing 800 Russian locations.
- This illustrates their resilience and growth, even after facing geopolitical challenges.
ExxonMobil's Record Profit
- ExxonMobil's 2022 profit exceeded $55 billion, placing it among the top three most profitable companies.
- Only Apple and Microsoft earned more, highlighting ExxonMobil's significant profitability.
Political Implications of ExxonMobil's Profit
- ExxonMobil's record profits are politically sensitive, drawing criticism from both sides of the aisle.
- Bill Mann notes that their 2008 profit was similar, but with low compound growth since, emphasizing the cyclical nature of their industry.