EXXON CORPORATION THE MOST PROFITABLE OIL COMPANY IN THE WORLD

ＥＸＸＯＮＣＯＲＰＯＲＡＴＩＯＮＴＨＥＭＯＳＴＰＲＯＦＩＴＡＢＬＥＯＩＬＣＯＭＰＡＮＹＩＮＴＨＥＷＯＲＬＤＥｘｘｏｎｈｅａｄｑｕａｒｔｅｒｓｉｓｌｏｃａｔｅｄｎｅａｒＤａｌｌａｓ（ｌｒｖｉｎｇ），Ｔｅｘａｓ．ＴｈｅＣｈｉｅｆＥｘｅｃｕｔｉｖｅＯｆｆｉ...

Profitable Waters

A lakeside town prospers by tapping local aquaculture potential and protecting the environment

Making Puppets Profitable

Transformation breathes new life into puppet shows

Extension of Chemoprevention of Seasonal Malaria to Five Cycles and to Children from the Age of 6 to 9 Years in Africa: Analysis of Its Acceptability, Feasibility, Cost and Impact A Systematic Review

Introduction: Seasonal Malaria Chemoprevention (SMC) aims at preventing malaria in children during the high transmission season. It has been recommended by the WHO since 2013 for children from the age of 3-59 months. However, despite the impact of this intervention, a peak in the prevalence and incidence of malaria is observed in children from the age of 5-9 years. The aim of this study is to determine from the current literature the feasibility, impact and cost-effectiveness of extending SMC to five cycles and to older children. Methods: A litterature search of PubMed/Medline, NCBI and Google scholar identified 1333 articles. After reading the titles and abstracts by two authors, 24 articles were selected and submitted for full reading. Random control studies on the extension of SMC, malaria, feasibility of SMC, impact of SMC and cost-effectiveness of SMC were selected. A total of 16 articles were included for the qualitative synthesis after excluding 8 studies. Results: Following the summary of the evidence, we conclude that the extension is feasible but will be confronted with the unavailability of older children. The intervention period coincides with field work. SMC is effective in reducing the prevalence and incidence of malaria and the parasite density in children. The financial cost of administering SMC is lower than that of treating a child suffering from malaria. Conclusion: After analysing the information, it was found that the majority of the African population supports the extension of the SMC to the number of cycles and the age group in order to alleviate the high mortality and morbidity rates among children due to malaria.

Listed But Less Profitable

For the first time in the last three years, China’s listed companies reported lower profit growth By October 31, most of the companies listed in China’s A-share market had published their performance for the third quarter. Reports or corporate

Contribution of Garcinia kola to the Productivity and Economic Profitability of the Community Agricultural Area of Kedougou: Financial and Comparative Analysis of Production Factors

Inland fishing predominates in the Kedougou region, which has no coastline. This type of fishing does not yet meet the local population’s demand for fish products. In response to this concern, a Community Agricultural Estate housing an integrated fish farm was set up in the commune of Bandafassi, in the village of Itato. Since its creation, this production unit has been faced with the problem of sourcing high-quality, low-cost, monosex male Oreochromis niloticus fry. In order to overcome this constraint, the present research focuses on the contribution of Garcinia kola to the productivity and economic profitability of the Itato farm. The aim of the research is to assess fish production in the experimental set-up and the production costs of tilapia in a controlled environment. The comparative study of the various production factors shows disparities only in the input factor, where scenarios 2 and 3 use additional products. These are 17-α-methytestosterone for scenario 2 and Garcinia kola for scenario 3. These products significantly interfere with fish production, with a fairly high mortality rate for scenario 2 (25% for two production cycles/ cohort2 (B5, B6, B7 and B8) treated with 17-α-methytestosterone). As for scenarios 1 and 3, mortalities are 5% with or without recourse to additional products (G. kola). In addition, average fish production for the three (03) scenarios is estimated at 28687.5 kg/2 cycles. It varies from one scenario to another, i.e. 30937.5 kg/2 cycles for scenarios 1 and 3 and 24187.5 kg/2 cycles for scenario 2. It is therefore higher in scenarios 1 and 3 than in scenario 2. This difference is due to the fairly large losses of individuals in scenario 2. Furthermore, the analysis of the profit and loss accounts for tilapia production varies from one scenario to another depending on the type of farm: 476 Franc CFA for scenario 1, 610 Franc CFA for scenario 2 and 472 Franc CFA for scenario 3 (F CFA = franc of the French Colonies of Africa). The Average operating income for all the fish farming units is 34,726,142 Franc CFA. The highest (41,638,075 Franc CFA) and lowest (29,281,075 Franc CFA) ERs were observed in scenarios 3 and 2 respectively. It was 33,259,275 Franc CFA for scenario 1. The difference between the NERs of the three scenarios is more or less significant in terms of results. The operating result (OR) is positive in all 3 scenarios in our study. However, the scenario 3 system generates a higher rate of return (the ratio between an income and the capital employed to obtain that income) (74%) than that generated by the scenario 1 system (69%). As for the scenario 2 system, it generates a lower financial return than the two previous systems (67%). Above all, this work made it possible to construct an approach that would make it possible to answer such a question by relying successively on various methods: a typology, according to the production factors involved in the operation of the Community Agricultural Estate fish farm.

Comparative Analysis of Profit Model of Typical Pharmaceutical O2O Enterprises in China

Objective To study the profit model of Chinese pharmaceutical O2O enterprises.Methods A case study of three typical pharmaceutical O2O enterprises was conducted,and their profit models were compared.Results and Conclusion The pharmaceutical O2O enterprises in China are divided into three categories according to the profit models.It is found that the current pharmaceutical O2O enterprises have problems such as simple profit model and low corporate profits.Based on these problems,it is recommended that relevant enterprises develop various business models to increase profit channels.Besides,they should establish and improve internal cost control systems.

Profitable Thinking

Promoted by private capital and governments at various levels,China ’s creative industry is

Customers: Strategic, Loyal and Profitable

本文是作者Hope与他人合著的由哈佛商学院出版社出版的《第三次浪潮中的竞争》一书的摘要。Hope认为财政预算中实现增加利润目标的措施有奖金刺激、晋升雇员、招聘新人和产品降价等,而最重要的措施是认清新老顾客的价值,即应认真调查和精心分析顾客的战略性、忠诚性和有利可图性。“战略性”是指凡事从顾客的要求出发,因为“战略性”顾客不但能“以点带面和影响一大片”而且可大大开宽商界人士的思路。“忠诚性”是指顾客对公司的信任来源于对商品和服务的绝对的(totally)满意。这种满意来自雇员服务态度的提高。“有利可图性”是指不要期待每一位购物的顾客都会产生利润,真正给公司带来利润的顾客只占30％左右;而衡量利润的大小应从长(life time)计议,而非短期行为。 作者在文章的开头和结尾指出会计人员和市场销售人员的联手才能最大限度地挖掘以上顾客的所谓“三性”。

Condition-based Maintenance Optimization for Gamma Deteriorating Systems under Performance-based Contracting

With the further development of service-oriented,performance-based contracting(PBC)has been widely adopted in industry and manufacturing.However,maintenance optimization problems under PBC have not received enough attention.To further extend the scope of PBC’s application in the field of maintenance optimization,we investigate the condition-based maintenance(CBM)optimization for gamma deteriorating systems under PBC.Considering the repairable single-component system subject to the gamma degradation process,this paper proposes a CBM optimization model to maximize the profit and improve system performance at a relatively low cost under PBC.In the proposed CBM model,the first inspection interval has been considered in order to reduce the inspection frequency and the cost rate.Then,a particle swarm algorithm(PSO)and related solution procedure are presented to solve the multiple decision variables in our proposed model.In the end,a numerical example is provided so as to demonstrate the superiority of the presented model.By comparing the proposed policy with the conventional ones,the superiority of our proposed policy is proved,which can bring more profits to providers and improve performance.Sensitivity analysis is conducted in order to research the effect of corrective maintenance cost and time required for corrective maintenance on optimization policy.A comparative study is given to illustrate the necessity of distinguishing the first inspection interval or not.

Size matters:analyzing bank profitability and efficiency under the Basel III framework

The latest regulatory framework,which has been introduced globally in the form of Basel III,and its implementation in the legislation of the member states of the Euro-pean Union has generated much interest in the impact of regulation on the efficiency and profitability of banks.This study aims to examine the impact of the introduction of two major regulatory changes(Basel II and Basel III)on bank performance,in terms of bank size and bank-specific and macroeconomic variables.A two-stage empirical anal-ysis was conducted on a sample of 433 European commercial banks over the 2006–2015 period.In the first stage,relative efficiency was calculated using non-parametric data envelopment analysis.In the second stage,the generalized method of moments was used to examine the impact of bank-specific and macroeconomic variables as well as regulation on bank performance,that is,profitability and efficiency.Consider-ing bank size,the results show a diverse impact of regulation on bank performance.Regarding large-and medium-sized banks,regulation positively affects both efficiency and profitability,whereas,for small banks,it negatively affects performance.The results suggest that larger banks have skillfully adapted to the new regulatory environment.In contrast,small banks have problems with profitability and efficiency because the new regulatory framework has imposed additional administrative and regulatory burdens.This could result in future failure or mergers with larger banks,resulting in a higher concentration in the banking sector and increased systemic risk.Our results strongly suggest that regulation should not be implemented equally for all banks;that is,on a one size fits all terms.A distinction between small and large banks when introducing new regulatory frameworks should be made if a reasonable level of competition is to be preserved.

Stochastic Programming for Hub Energy Management Considering Uncertainty Using Two-Point Estimate Method and Optimization Algorithm

To maximize energy profit with the participation of electricity,natural gas,and district heating networks in the day-ahead market,stochastic scheduling of energy hubs taking into account the uncertainty of photovoltaic and wind resources,has been carried out.This has been done using a new meta-heuristic algorithm,improved artificial rabbits optimization(IARO).In this study,the uncertainty of solar and wind energy sources is modeled using Hang’s two-point estimating method(TPEM).The IARO algorithm is applied to calculate the best capacity of hub energy equipment,such as solar and wind renewable energy sources,combined heat and power(CHP)systems,steamboilers,energy storage,and electric cars in the day-aheadmarket.The standard ARO algorithmis developed to mimic the foraging behavior of rabbits,and in this work,the algorithm’s effectiveness in avoiding premature convergence is improved by using the dystudynamic inertia weight technique.The proposed IARO-based scheduling framework’s performance is evaluated against that of traditional ARO,particle swarm optimization(PSO),and salp swarm algorithm(SSA).The findings show that,in comparison to previous approaches,the suggested meta-heuristic scheduling framework based on the IARO has increased energy profit in day-ahead electricity,gas,and heating markets by satisfying the operational and energy hub limitations.Additionally,the results show that TPEM approach dependability consideration decreased hub energy’s profit by 8.995%as compared to deterministic planning.

A Comparative Analysis of Amazon,Microsoft,and Apple’s Stock Investment Value

This paper provides a comparative analysis of the stock investment value of Amazon,Microsoft,and Apple,three global companies that investors may consider when investing in stocks.The author analyzes each company’s business diversity,financial situation,and industry competition.Amazon is a leading e-commerce company with strong domestic and international competitors in the field of e-commerce and cloud computing.Microsoft is a stable company with a dominant position in the personal computer operating system market and a growing market share in the field of cloud computing.Apple has a diverse product line,including hardware and software products,and faces competition from many competitors,but maintains its competitiveness in the market by investing in technological innovation.The paper concludes that the stock market is full of opportunities and challenges.And investors need to have a certain risk awareness and long-term investment vision.The analysis provided in this paper can help different investors select stocks that suit their preferences and investment objectives.The paper uses data from Yahoo Finance and company websites to provide an overview of each company’s performance,net sales,and stock prices compare the calculation results,and then select the stocks that investors with different preferences prefer.

Impact of taxes on the 2030 Agenda for Sustainable Development:Evidence from Organization for Economic Cooperation and Development(OECD)countries

Multiple ecological and socioeconomic problems have occurred worldwide,raising the awareness of sustainability.This study aims to examine the impact of taxes on Sustainable Development Goals(SDGs)in the context of Organization for Economic Co-operation and Development(OECD)countries.This research used effective average tax(EAT),tax on personal income(TPI),tax on corporate profits(TCP),and tax on goods and services(TGS)as the variables of taxes,and employed secondary data from 38 OECD countries covering 2000–2021.The study also used Breusch-Pagan Lagrange Multiplier(LM),Pesaran Scaled LM,Bias-Corrected Scaled LM,and Pesaran Cross-sectional dependence(CSD)tests to analyze the existence of crosssectional dependency.Then,we established the stationarity of variables through second-generation panel unit root tests(Cross-sectional Augmented Dickey-Fuller(CADF)and Cross-sectional Im,Pesaran,and Shin(CIPS)),and confirmed the long-run cointegration of the variables by using secondgeneration panel cointegration test(Westerlund cointegration test).The results showed that EAT,TPI,TCP,and TGS are positively associated with SDGs.However,the change in TPI has a smaller effect on SDGs than the change in EAT or TCP or TGS.The result of panel causality indicated that EAT,TPI,and TGS have a unidirectional causal relationship with SDGs.The study also found that TCP has a bi-directional causal relationship with SDGs.Moreover,the finding indicated that the OECD countries need to focus on tax policies to achieve the 2030 Agenda for Sustainable Development.This study is based on the theory of optimal taxation(TOT),which suggests that tax systems should be designed to maximize social welfare.Finally,we suggests the importance of taking a comprehensive approach for the managers and policy-makers when analyzing the impact of taxes on SDGs.

The Contribution Margin due to a Limiting Factor in the Presence of Several Sales Options: Actuality Is Not Always As It Appears at the Beginning of the Analysis

The analysis of company data useful for economic decisions,if not interpreted in an overall view of the company situation,can lead to wrong conclusions.This is the case when a company has to choose between several sales options for one or more products in the presence of a limiting factor.The continuation of the investigation often denies the initial analysis.Not everything is as it appears,therefore,at the beginning of the deepening of the data useful for economic decisions.As it is well known,the choices of profitability concerning the planning of the sale of company products take place,at least in the majority of cases,through the determination of the contribution margin,i.e.the profitability margin connected to the individual goods/services sold by the companies(selling price net of variable costs).The contribution margin can be determined with four objectives:(1)Determination of the yield of the single product,net of variable costs only.In this case,the margin defines unitary,from net product yield to unitary contribution margin.(2)Determination of the return on total sales of an individual product,net of variable costs.In this hypothesis,reference is made to the first level(or gross)contribution margin.(3)Determination of the ability of the individual product to contribute to the coverage of fixed costs common to the company.This margin is determined net of special product variable and fixed costs.This aggregate is defined as a Level II(or semi-gross)margin.(4)Determination of the useful value in the planning choices in case of presence of scarce productive factors.In this case,it must identify the so-called unitary margin for low factor.Here we will only deal with the problem of the use of the contribution margin in the presence of rare factors.To complete the analysis,below are some very brief considerations regarding,respectively,the unitary,level I,and level II contribution margin in order to better understand where the problem of the most convenient choice of income is located in the event of the presence of rare production factors,especially in an environment characterized by a plurality of sales options.

Profitability Level and Determinants of Tea Intercropping in Taraba State

Intercropping involves the cultivation of more than one crop on a plot of land at a particular time.Tea intercropping with other crops can increase the profitability of farmers and the development of tea plants.The study estimated the profitability level of intercropped tea farms and determined the factors affecting the profitability of tea intercropping systems in the study area.Information was obtained from two hundred and four tea farmers using a well-structured questionnaire.The analytical techniques used in the study were descriptive analysis and linear regression.The results revealed that the majority(95.6%)of the farmers are from Kakara and Nyiwa towns.There are few(2.9%)women involved in tea farming in Taraba State.29%of the tea farmers are young less than 30 years and old above 60 years.Fifteen percent of the farmers are single,83.8%are married and 1.5%are divorced.About 40%of the tea farmers had no formal education,21%have between 1-6 years of education,19%had 7-12 years of education and 21%had greater than 12 years of education.The gross margin is N289,900,581.9 and the gross margin per farmer is N1,421,081.28.The net income is N2,879,055,533.3 and the net income per farmer is N1,411,301.63.The amount of profit tea farmers make in Taraba State is N1,425,001 and the profit per farmer is N6,985.30.Labour costs(weeding,pruning,application of insecticide,watering)and cost of materials(cutlass,file,chemical,bag and others)are significant determinants of the profit level of the tea intercropping system in Taraba State.Tea intercropping farming is profitable in Taraba State Nigeria.

XRD分峰拟合法测定炭材料的石墨化度和结晶度

以标准Si粉为内标相,采用内标法测定了5个石墨化炭材料的XRD图谱,用Profit软件对其进行分峰拟合,并计算出每个材料的石墨化度和结晶度指标。结果表明,两个指标联合使用对炭材料结构表征更为充分。用Profit软件拟合分峰之前预先剔除kα2,在拟合过程中,采用手动取切线扣除背底的方式是提高试验重现性的较好方法。