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Re: F... gas prices
Quote:
Originally Posted by SirClintonPortis
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 |
Agreed. Here's some more numbers that show a 7.7 - 8.8% range of profit. All while taking major financial risk.
Financial Statements for Exxon Mobil Corporation - Google Finance
To those who like to kick and scream about oil company profits, shall we discuss how the fed/states/localities benefit for taxation of a gallon of gas? Not to mention taxes on the oil companies revenue.
Motor Fuel Taxes
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