Quote:
Originally Posted by Giantone
Hold hearings on why were paying $4 dollars for gas and EXXON has a 10 BILLON dollar profit...........for a fricking quarter! Profit ...thats after they pay for drilling,taxes and exploration!  |
Its called profit margin. They make about 8 cents on every dollar they spend. So if they spent $1 for a gallon of gas in 2000 they made 8 cents now if they spend $2 they make .16 cents. Their profit margin has not changed.