Gross common misperception.. "OIL companies major

[healthmyths]

Too perfectly stupid and 100% CON$ervoFascist. What does your fear say about your IQ and your lack of character?

The oil monopoly makes a profit on each step from getting the crude to selling the refined gas.
So of that 65% cost of crude 50% offshore to 70% onshore of that cost, an average of 64%, is profit.
Of the 15% refining cost 20% is profit.

And what ass did you pull this shit out of?

What ass would think oil companies make no profit pumping and refining crude oil?

How much does it cost to produce crude oil and natural gas? - FAQ - U.S. Energy Information Administration (EIA)

Costs for Producing Crude Oil and Natural Gas, 2007–2009
2009 Dollars per Barrel of Oil Equivalent1

Lifting Costs Finding Costs Total Upstream Costs
United States – Average $12.18 $21.58 $33.76
On-shore $12.73 $18.65 $31.38
Off-shore $10.09 $41.51 $51.60

Lifting costs means: Production or lifting costs are the expenses associated with bringing oil and gas from the reservoir to the surface, separating the oil from any associated gas, and treating the produced oil and gas to remove impurities such as water and hydrogen sulfide.

Each barrel of oil equivalent cost an average of just over $3 to discover last year, compared with just $1.18 in 2001, according to Wood Mackenzie. Data from BP Plc for the cost of finding new oil show an even bigger increase -- more than four fold in the five years to 2008

"Lifting Costs" do NOT include the "discovery cost"
Oil exploration costs rocket as risks rise | Reuters

 

[uscitizen]

Did this fool really write that the only time an oil company makes a profit is when they sell a gallon of gas?

No way this person could be that stupid.... could they?

Unless this person is a rethug with a strange agenda.

Next thing we will be told those oil companies didn't show record profits the past several years.

FACTS not supposition!!!

The map above from API shows gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, averaging 48.1 cents per gallon across all states.

How does that compare to oil company industry profits per gallon?

According to this post on Exxon Mobil’s Perspective Blog , “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”
The chart below shows the difference graphically:


Gasoline Taxes Vs. Exxon Profit, Per Gallon

And forgotten is the profit made by the truckers hauling the fuel or the profitmade by the actual retailer of the gasoline.

 

[uscitizen]

And what ass did you pull this shit out of?

What ass would think oil companies make no profit pumping and refining crude oil?

How much does it cost to produce crude oil and natural gas? - FAQ - U.S. Energy Information Administration (EIA)

Costs for Producing Crude Oil and Natural Gas, 2007–2009
2009 Dollars per Barrel of Oil Equivalent1

Lifting Costs Finding Costs Total Upstream Costs
United States – Average $12.18 $21.58 $33.76
On-shore $12.73 $18.65 $31.38
Off-shore $10.09 $41.51 $51.60

Lifting costs means: Production or lifting costs are the expenses associated with bringing oil and gas from the reservoir to the surface, separating the oil from any associated gas, and treating the produced oil and gas to remove impurities such as water and hydrogen sulfide.

Each barrel of oil equivalent cost an average of just over $3 to discover last year, compared with just $1.18 in 2001, according to Wood Mackenzie. Data from BP Plc for the cost of finding new oil show an even bigger increase -- more than four fold in the five years to 2008

"Lifting Costs" do NOT include the "discovery cost"
Oil exploration costs rocket as risks rise | Reuters

And just why did those costs rise so much during 2001-2008?
Republicans controlled everything for most of that time.

 

[healthmyths]

Why in the hell would anyone defend the oil industry?

They don't need your "defense". You ever look at their profits? With making money like they do, they could care less what you or I think. The only thing they care about is that we keep buying gasoline.

Quit buying gas and see how long it takes for the price to come down.

The oil companies do recognize "supply and demand".

I am trying to get idiots to THINK before they spout about stupid cliches like OIL companies make BIG profits!!!
I am more interested in PEOPLE thinking and reading and understanding rather then hyperbole, hysterical statements !
For example YOU are paying for the stupidity of people regarding gas prices blaming OIL companies for HIGH prices JUST because they are making oh dare I say that evil word..
"PROFIT"????

What. the f..k do you and your OBAMATRONS think run this country? TAXES!
Ever hear of a NON-PROFIT paying taxes???

You and your Obamatrons seem to think you can destroy for profit businesses and still keep on the payroll!

But you and your ilk put into office this country destroyer who has reduced oil exploration on Federal lands, encouraged, paid foreign countries for oil exploration WITH our tax dollars and all the while discouraging oil exploration (Gulf moratorium) ANWAR, Keystone.. all that would encourage production and in turn raise reserves and lower oil speculation!

Lower speculation means lower pump prices!

So your ignorance and hatred of OIL companies are contributing to rising prices!

 

[edthecynic]

And what ass did you pull this shit out of?

What ass would think oil companies make no profit pumping and refining crude oil?

How much does it cost to produce crude oil and natural gas? - FAQ - U.S. Energy Information Administration (EIA)

Costs for Producing Crude Oil and Natural Gas, 2007–2009
2009 Dollars per Barrel of Oil Equivalent1

Lifting Costs Finding Costs Total Upstream Costs
United States – Average $12.18 $21.58 $33.76
On-shore $12.73 $18.65 $31.38
Off-shore $10.09 $41.51 $51.60

Lifting costs means: Production or lifting costs are the expenses associated with bringing oil and gas from the reservoir to the surface, separating the oil from any associated gas, and treating the produced oil and gas to remove impurities such as water and hydrogen sulfide.

Each barrel of oil equivalent cost an average of just over $3 to discover last year, compared with just $1.18 in 2001, according to Wood Mackenzie. Data from BP Plc for the cost of finding new oil show an even bigger increase -- more than four fold in the five years to 2008

"Lifting Costs" do NOT include the "discovery cost"
Oil exploration costs rocket as risks rise | Reuters

Too perfectly stupid and 100% CON$ervoFascist. What does your fear say about your IQ and your lack of character.

The link I provided and you ignored gave BOTH lifting costs and finding costs as well as the total costs. I used the total costs to show that there is an over 60% profit on each barrel of crude produced by the oil companies.

 

[edthecynic]

What ass would think oil companies make no profit pumping and refining crude oil?

How much does it cost to produce crude oil and natural gas? - FAQ - U.S. Energy Information Administration (EIA)

Costs for Producing Crude Oil and Natural Gas, 2007–2009
2009 Dollars per Barrel of Oil Equivalent1

Lifting Costs Finding Costs Total Upstream Costs
United States – Average $12.18 $21.58 $33.76
On-shore $12.73 $18.65 $31.38
Off-shore $10.09 $41.51 $51.60

You need to prove it! I gave you a source you gave nothing but YOUR opinion!
Prove it!

First of all WHO said ANYTHING about "OIL MONOPOLY"???
Who IS the "OIL MONOPOLY"???

Where did you get that statement that even at 50% of the 65% for crude is profit?
That means that right now based on the EIA FACT that 65% of $3.44 or $2.33 is cost of crude.
You said 50% was profit OR $1.18. Right or is this too complicated for you?

FACT from:IEA - Oil
How many barrels of oil are produced and consumed a day?
As of 2011, approximately 89 million barrels of oil and liquid fuels were consumed per day worldwide.
That works out to nearly 32 billion barrels a year or at 20 gallons per barrel that is 640 billion gallons.
At $1.18 NET PROFIT per YOUR calculation NET... "OIL monopolies"
made $755 BILLION IN NET PROFITS! And that's just based on 65% of cost of gallon is the crude! WOW!!!!!

What "OIL MONOPOLY" reported $755 billion in net profits??? JUST off crude oil sales???

A link was given that states that a barrel of crude, which sells for about $100, costs on average in the US about $34 to produce so that is a profit of $66 per barrel of crude or 66% profit per barrel.

Ah... there are less then 20 gallons of GAS coming from a 42 gallon barrel of OIL!
so you are WAY off on your naive assumption.

The cost of a gallon of gas from crude is 65% of $3.44 or $2.23.
If 50% of the $100/barrel is to get gas it would be $50.00.
20 gallons at $2.23 is cost of gas of $40.46.
Leaving income of $9.54 per barrel not "profit" $66.00.
Which works out at 20 gallons/barrel of 47 cents per gallon or about 13% which is what the calculation shows!!!!!

And the oil company is still making over 60% profit on each of those 20 gals of gas from each barrel of crude, as well as over 60% profit from the gallons of fuel oil, jet fuel, etc., from each barrel of crude, so your new calculations are still suspect. But at least you've come up from a profit of .5% per gallon to 13% plus the .5% per gallon without counting the oil company's profit in refining the crude.

 

[healthmyths]

What ass would think oil companies make no profit pumping and refining crude oil?

How much does it cost to produce crude oil and natural gas? - FAQ - U.S. Energy Information Administration (EIA)

Costs for Producing Crude Oil and Natural Gas, 2007–2009
2009 Dollars per Barrel of Oil Equivalent1

Lifting Costs Finding Costs Total Upstream Costs
United States – Average $12.18 $21.58 $33.76
On-shore $12.73 $18.65 $31.38
Off-shore $10.09 $41.51 $51.60

Lifting costs means: Production or lifting costs are the expenses associated with bringing oil and gas from the reservoir to the surface, separating the oil from any associated gas, and treating the produced oil and gas to remove impurities such as water and hydrogen sulfide.

Each barrel of oil equivalent cost an average of just over $3 to discover last year, compared with just $1.18 in 2001, according to Wood Mackenzie. Data from BP Plc for the cost of finding new oil show an even bigger increase -- more than four fold in the five years to 2008

"Lifting Costs" do NOT include the "discovery cost"
Oil exploration costs rocket as risks rise | Reuters

Too perfectly stupid and 100% CON$ervoFascist. What does your fear say about your IQ and your lack of character.

The link I provided and you ignored gave BOTH lifting costs and finding costs as well as the total costs. I used the total costs to show that there is an over 60% profit on each barrel of crude produced by the oil companies.

Costs for Producing Crude Oil and Natural Gas, 2007–2009
So you NAIVELY think that if you simply deduct the lifting /finding costs from the cost of a barrel of oil sold on the commodity market at $100 i.e. $51.60 the rest is PROFIT???

You know you are too stupid for me to waste time..

Why don't you do what I did.. ask experts!!!

Oil Industry Statistics from Gibson Consulting - prices

Some points YOU might learn if you have the intelligence to READ a little!!!

Costs to find and produce oil vary significantly around the world. Production costs are called "lifting costs" in the industry. This page has costs per barrel (42 gallons) for locations around the world.

Lifting costs are often combined with finding (exploration) costs.
You'll see quite significant variations by region, (finding = $5 to $63 per barrel, lifting incl production taxes = $4 to $14 per barrel) but the world average total finding + lifting + production taxes is something like $17 + $6 + $2 = $25 per barrel. In the US, say, the deepwater Gulf of Mexico, I would expect the finding + production cost to exceed the high end of the averages, i.e., more than $63 + $14 = >$77 per barrel.

The amount of profit US oil companies make is actually just a bit higher than the average for all US industry -
about 11 cents per dollar of revenue (US Avg = about 9 cents).
They make headline-making absolute $$$ values because they sell (because we consume) so very very very much of their product. If Microsoft, Coca-Cola, or just about any bank or pharmaceutical company could sell as much of their products as oil companies do of theirs, they'd make triple the $$ profits Exxon does.

As indicated here, more than two-thirds of the current price of gasoline reflects the price of the oil (and that includes profit to whoever - but of all the oil used in the US, nearly 60% is imported,
so those profits are mostly to the nations that own it).
19% is in the total costs AND profit of refining, transportation (tankers, pipelines, trucks), wholesalers, marketers, and retailers - so at $4.00 per gallon, 19% = 76 cents, of which at least half is probably cost, leaving no more than 40 cents profit divided among all those refiners, pipelines, trucks, advertisers, and corner stations.

While the big US companies do have their fingers in all of those pies, by no means are they the only ones.
The largest refiner in the US, Valero (around 3.3 million b/d of the 20 million that we use) has essentially no production and few retail outlets.
Most pipeline companies are not owned by oil companies.
Most trucking is not controlled by oil companies.
And most retail outlets are barely making a nickel a gallon - and often enough after credit card fees are added, they may be making NO profit on their gasoline; they get that on twinkies and bottled water.
Credit card fees are typically percentages, usually around 3% - just 3 cents at $1.00 per gallon,
but 12 cents at $4.00 per gallon - and the corner station's profit would be really unlikely to be able to accommodate that much cost."


Again... read closely and you'll see that YES OIL companies ARE profitable and rank 7th!

Fortune 500 2009: Top Performers - Most Profitable Industries: Return on Revenues

Top industries: Most profitable 2008 Profits as % of Revenues
1 Network and Other Communications Equipment 20.4%
2 Internet Services and Retailing 19.4
3 Pharmaceuticals 19.3
4 Medical Products and Equipment 16.3
5 Railroads 12.6
6 Financial Data Services 11.7
7 Mining, Crude-Oil production 11.5
8 Securities 10.7
9 Oil and Gas Equipment, Services 10.2

 

[edthecynic]

Lifting costs means: Production or lifting costs are the expenses associated with bringing oil and gas from the reservoir to the surface, separating the oil from any associated gas, and treating the produced oil and gas to remove impurities such as water and hydrogen sulfide.

Each barrel of oil equivalent cost an average of just over $3 to discover last year, compared with just $1.18 in 2001, according to Wood Mackenzie. Data from BP Plc for the cost of finding new oil show an even bigger increase -- more than four fold in the five years to 2008

"Lifting Costs" do NOT include the "discovery cost"
Oil exploration costs rocket as risks rise | Reuters

Too perfectly stupid and 100% CON$ervoFascist. What does your fear say about your IQ and your lack of character.

The link I provided and you ignored gave BOTH lifting costs and finding costs as well as the total costs. I used the total costs to show that there is an over 60% profit on each barrel of crude produced by the oil companies.

Costs for Producing Crude Oil and Natural Gas, 2007–2009
So you NAIVELY think that if you simply deduct the lifting /finding costs from the cost of a barrel of oil sold on the commodity market at $100 i.e. $51.60 the rest is PROFIT???

You know you are too stupid for me to waste time..

Why don't you do what I did.. ask experts!!!

Oil Industry Statistics from Gibson Consulting - prices

Some points YOU might learn if you have the intelligence to READ a little!!!

Costs to find and produce oil vary significantly around the world. Production costs are called "lifting costs" in the industry. This page has costs per barrel (42 gallons) for locations around the world.

Lifting costs are often combined with finding (exploration) costs.
You'll see quite significant variations by region, (finding = $5 to $63 per barrel, lifting incl production taxes = $4 to $14 per barrel) but the world average total finding + lifting + production taxes is something like $17 + $6 + $2 = $25 per barrel. In the US, say, the deepwater Gulf of Mexico, I would expect the finding + production cost to exceed the high end of the averages, i.e., more than $63 + $14 = >$77 per barrel.

The amount of profit US oil companies make is actually just a bit higher than the average for all US industry -
about 11 cents per dollar of revenue (US Avg = about 9 cents).
They make headline-making absolute $$$ values because they sell (because we consume) so very very very much of their product. If Microsoft, Coca-Cola, or just about any bank or pharmaceutical company could sell as much of their products as oil companies do of theirs, they'd make triple the $$ profits Exxon does.

As indicated here, more than two-thirds of the current price of gasoline reflects the price of the oil (and that includes profit to whoever - but of all the oil used in the US, nearly 60% is imported,
so those profits are mostly to the nations that own it).
19% is in the total costs AND profit of refining, transportation (tankers, pipelines, trucks), wholesalers, marketers, and retailers - so at $4.00 per gallon, 19% = 76 cents, of which at least half is probably cost, leaving no more than 40 cents profit divided among all those refiners, pipelines, trucks, advertisers, and corner stations.

While the big US companies do have their fingers in all of those pies, by no means are they the only ones.
The largest refiner in the US, Valero (around 3.3 million b/d of the 20 million that we use) has essentially no production and few retail outlets.
Most pipeline companies are not owned by oil companies.
Most trucking is not controlled by oil companies.
And most retail outlets are barely making a nickel a gallon - and often enough after credit card fees are added, they may be making NO profit on their gasoline; they get that on twinkies and bottled water.
Credit card fees are typically percentages, usually around 3% - just 3 cents at $1.00 per gallon,
but 12 cents at $4.00 per gallon - and the corner station's profit would be really unlikely to be able to accommodate that much cost."


Again... read closely and you'll see that YES OIL companies ARE profitable and rank 7th!

Fortune 500 2009: Top Performers - Most Profitable Industries: Return on Revenues

Top industries: Most profitable 2008 Profits as % of Revenues
1 Network and Other Communications Equipment 20.4%
2 Internet Services and Retailing 19.4
3 Pharmaceuticals 19.3
4 Medical Products and Equipment 16.3
5 Railroads 12.6
6 Financial Data Services 11.7
7 Mining, Crude-Oil production 11.5
8 Securities 10.7
9 Oil and Gas Equipment, Services 10.2

Too perfectly stupid and 100% CON$ervoFascist. What does your fear tell you about your IQ and lack of character?

Only a stupid CON$ervoFascist would be condescending while again posting proof that their OP claim that the oil companies make only .5% profit on a gallon of gas is off by a factor of over 20.

 

[healthmyths]

Too perfectly stupid and 100% CON$ervoFascist. What does your fear say about your IQ and your lack of character.

The link I provided and you ignored gave BOTH lifting costs and finding costs as well as the total costs. I used the total costs to show that there is an over 60% profit on each barrel of crude produced by the oil companies.

Costs for Producing Crude Oil and Natural Gas, 2007–2009
So you NAIVELY think that if you simply deduct the lifting /finding costs from the cost of a barrel of oil sold on the commodity market at $100 i.e. $51.60 the rest is PROFIT???

You know you are too stupid for me to waste time..

Why don't you do what I did.. ask experts!!!

Oil Industry Statistics from Gibson Consulting - prices

Some points YOU might learn if you have the intelligence to READ a little!!!

Costs to find and produce oil vary significantly around the world. Production costs are called "lifting costs" in the industry. This page has costs per barrel (42 gallons) for locations around the world.

Lifting costs are often combined with finding (exploration) costs.
You'll see quite significant variations by region, (finding = $5 to $63 per barrel, lifting incl production taxes = $4 to $14 per barrel) but the world average total finding + lifting + production taxes is something like $17 + $6 + $2 = $25 per barrel. In the US, say, the deepwater Gulf of Mexico, I would expect the finding + production cost to exceed the high end of the averages, i.e., more than $63 + $14 = >$77 per barrel.

The amount of profit US oil companies make is actually just a bit higher than the average for all US industry -
about 11 cents per dollar of revenue (US Avg = about 9 cents).
They make headline-making absolute $$$ values because they sell (because we consume) so very very very much of their product. If Microsoft, Coca-Cola, or just about any bank or pharmaceutical company could sell as much of their products as oil companies do of theirs, they'd make triple the $$ profits Exxon does.

As indicated here, more than two-thirds of the current price of gasoline reflects the price of the oil (and that includes profit to whoever - but of all the oil used in the US, nearly 60% is imported,
so those profits are mostly to the nations that own it).
19% is in the total costs AND profit of refining, transportation (tankers, pipelines, trucks), wholesalers, marketers, and retailers - so at $4.00 per gallon, 19% = 76 cents, of which at least half is probably cost, leaving no more than 40 cents profit divided among all those refiners, pipelines, trucks, advertisers, and corner stations.

While the big US companies do have their fingers in all of those pies, by no means are they the only ones.
The largest refiner in the US, Valero (around 3.3 million b/d of the 20 million that we use) has essentially no production and few retail outlets.
Most pipeline companies are not owned by oil companies.
Most trucking is not controlled by oil companies.
And most retail outlets are barely making a nickel a gallon - and often enough after credit card fees are added, they may be making NO profit on their gasoline; they get that on twinkies and bottled water.
Credit card fees are typically percentages, usually around 3% - just 3 cents at $1.00 per gallon,
but 12 cents at $4.00 per gallon - and the corner station's profit would be really unlikely to be able to accommodate that much cost."


Again... read closely and you'll see that YES OIL companies ARE profitable and rank 7th!

Fortune 500 2009: Top Performers - Most Profitable Industries: Return on Revenues

Top industries: Most profitable 2008 Profits as % of Revenues
1 Network and Other Communications Equipment 20.4%
2 Internet Services and Retailing 19.4
3 Pharmaceuticals 19.3
4 Medical Products and Equipment 16.3
5 Railroads 12.6
6 Financial Data Services 11.7
7 Mining, Crude-Oil production 11.5
8 Securities 10.7
9 Oil and Gas Equipment, Services 10.2

Too perfectly stupid and 100% CON$ervoFascist. What does your fear tell you about your IQ and lack of character?

Only a stupid CON$ervoFascist would be condescending while again posting proof that their OP claim that the oil companies make only .5% profit on a gallon of gas is off by a factor of over 20.

If you READ tell me what EXXON says their NET profit is on a gallon of GAS!!!

""The part of the business that refines and sells gasoline and diesel in the United States represents less than 3 percent – or 3 cents on the dollar – of our total earnings.
For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010,
we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.

Last year, our total taxes and duties to the U.S. government topped $9.8 billion, which includes an income tax expense of $1.6 billion.
Over the past five years, we incurred a total U.S. tax expense of almost $59 billion, which is $18 billion more than we earned in the United States during the same period.

Gas prices and industry earnings: A few things to think about the next time you fill up | ExxonMobil's Perspectives Blog

But of course UNLIKE YOU EXXON management in making such a statement MUST also have it in their financial reports. AND if they are LYING in their financial reports..
UNLIKE YOU they can go to jail for falsifying financial data!

But of course YOU have no idea about because you are a simpleton who has probably NEVER seen much less read and even less understood a financial report!

 

[edthecynic]

Costs for Producing Crude Oil and Natural Gas, 2007–2009
So you NAIVELY think that if you simply deduct the lifting /finding costs from the cost of a barrel of oil sold on the commodity market at $100 i.e. $51.60 the rest is PROFIT???

You know you are too stupid for me to waste time..

Why don't you do what I did.. ask experts!!!

Oil Industry Statistics from Gibson Consulting - prices

Some points YOU might learn if you have the intelligence to READ a little!!!

Costs to find and produce oil vary significantly around the world. Production costs are called "lifting costs" in the industry. This page has costs per barrel (42 gallons) for locations around the world.

Lifting costs are often combined with finding (exploration) costs.
You'll see quite significant variations by region, (finding = $5 to $63 per barrel, lifting incl production taxes = $4 to $14 per barrel) but the world average total finding + lifting + production taxes is something like $17 + $6 + $2 = $25 per barrel. In the US, say, the deepwater Gulf of Mexico, I would expect the finding + production cost to exceed the high end of the averages, i.e., more than $63 + $14 = >$77 per barrel.

The amount of profit US oil companies make is actually just a bit higher than the average for all US industry -
about 11 cents per dollar of revenue (US Avg = about 9 cents).
They make headline-making absolute $$$ values because they sell (because we consume) so very very very much of their product. If Microsoft, Coca-Cola, or just about any bank or pharmaceutical company could sell as much of their products as oil companies do of theirs, they'd make triple the $$ profits Exxon does.

As indicated here, more than two-thirds of the current price of gasoline reflects the price of the oil (and that includes profit to whoever - but of all the oil used in the US, nearly 60% is imported,
so those profits are mostly to the nations that own it).
19% is in the total costs AND profit of refining, transportation (tankers, pipelines, trucks), wholesalers, marketers, and retailers - so at $4.00 per gallon, 19% = 76 cents, of which at least half is probably cost, leaving no more than 40 cents profit divided among all those refiners, pipelines, trucks, advertisers, and corner stations.

While the big US companies do have their fingers in all of those pies, by no means are they the only ones.
The largest refiner in the US, Valero (around 3.3 million b/d of the 20 million that we use) has essentially no production and few retail outlets.
Most pipeline companies are not owned by oil companies.
Most trucking is not controlled by oil companies.
And most retail outlets are barely making a nickel a gallon - and often enough after credit card fees are added, they may be making NO profit on their gasoline; they get that on twinkies and bottled water.
Credit card fees are typically percentages, usually around 3% - just 3 cents at $1.00 per gallon,
but 12 cents at $4.00 per gallon - and the corner station's profit would be really unlikely to be able to accommodate that much cost."


Again... read closely and you'll see that YES OIL companies ARE profitable and rank 7th!

Fortune 500 2009: Top Performers - Most Profitable Industries: Return on Revenues

Top industries: Most profitable 2008 Profits as % of Revenues
1 Network and Other Communications Equipment 20.4%
2 Internet Services and Retailing 19.4
3 Pharmaceuticals 19.3
4 Medical Products and Equipment 16.3
5 Railroads 12.6
6 Financial Data Services 11.7
7 Mining, Crude-Oil production 11.5
8 Securities 10.7
9 Oil and Gas Equipment, Services 10.2

Too perfectly stupid and 100% CON$ervoFascist. What does your fear tell you about your IQ and lack of character?

Only a stupid CON$ervoFascist would be condescending while again posting proof that their OP claim that the oil companies make only .5% profit on a gallon of gas is off by a factor of over 20.

If you READ tell me what EXXON says their NET profit is on a gallon of GAS!!!

""The part of the business that refines and sells gasoline and diesel in the United States represents less than 3 percent – or 3 cents on the dollar – of our total earnings.
For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010,
we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.

Last year, our total taxes and duties to the U.S. government topped $9.8 billion, which includes an income tax expense of $1.6 billion.
Over the past five years, we incurred a total U.S. tax expense of almost $59 billion, which is $18 billion more than we earned in the United States during the same period.

Gas prices and industry earnings: A few things to think about the next time you fill up | ExxonMobil's Perspectives Blog

But of course UNLIKE YOU EXXON management in making such a statement MUST also have it in their financial reports. AND if they are LYING in their financial reports..
UNLIKE YOU they can go to jail for falsifying financial data!

But of course YOU have no idea about because you are a simpleton who has probably NEVER seen much less read and even less understood a financial report!

Too perfectly stupid and 100% CON$ervoFascist. What does your fear tell you about your IQ and lack of character?

Repeating your already discredited, by your own posts, bullshit does not make it suddenly true.

 

[Shelzin]

cause of higher prices at the pump!
So said a lady interviewed on TV the other night. She said they should lower their prices!

Well for that simpleton lady and the rest of you that don't comprehend what makes up the cost of a gallon of gas here is a graphic that might help!

Almost 2/3 or 65% is the cost of the crude oil.
To you simpletons.. tell me how the "oil companies" can lower what their suppliers charge?
The next highest is 15% for the cost of refining.
Now for all you so concerned about the environment.. YOU can be thanked for this higher cost.
The actual number of blends is somewhere above 45, though hard to pin down exactly, according to the Government Accountability Office (GAO). It might even be closer to 70. Thirty-four states use specially blended gasoline, usually during the summer, which is one reason gasoline prices always rise during the “driving season.”


So 80% of the cost is due to crude and refining.

Then we have TAXES!!! 12% are in taxes!

That leaves 8% that is actually the "big Oil" companies that you and other simpletons blame for high prices!

Of that 8% half or more goes for trucks,people,computers, facilities,etc.
In fact according to one of those slimy evil BIG OIL companies Exxon..
“For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”

folks on a $3.44/gallon at the pump price that works out to 1/2 of one percent (0.5%) profit per gallon.

Gasoline Taxes Vs. Exxon Profit, Per Gallon

View attachment 20900

Gasoline and Diesel Fuel Update - Energy Information Administration
So those of you that want to "BLAME BIG OIL" that worn out idiotic cliche... FACTS show you are IDIOTS!!!

Oh and let me save you IDiOTS that can't REFUTE the facts but like little grade schoolers that resort to name calling...
A) I am NOT a Paid shill for the oil industry!
B) I AM though obviously more interested in the truth then evidently MOST of you are that call me names for presenting FACTS!

When was the last time taxes on oil companies was raised? I mean... For your point to have any merit then obviously the taxes have increased to show that it's taxes that caused it to raise.

 

[Fordsflylow]

Mega-Oil gimmees via subsidies and profits is the only thing that has gone up. As well, I've noticed many tv commercials and other ads from all mega-oil corp's TRYING to promote a positive light on the destruction they provide to the planet. Of course this is a right-off come tax time as well.