Quote:
Originally Posted by Chico23231
sure, but a 10 billion quarter is pretty damn solid
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Impressive, yes, if we solely look at the magnitude. But if we consider that their
total revenues --how much they get BEFORE deducting expenses-- are 100 billion, one can certainly see that how much they keep for themselves(the net profit) is quite a low percentage to how much they doled out(total revenue). Hence their
margin(net profit divided by net revenue) is actually only around 9-10%
Got my numbers from here:
http://www.nytimes.com/2011/02/01/business/01oil.html
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