Via Texas Rainmaker. He also notes, “It’s beginning to look more and more like we only have one policital party in Washington… and it’s not one I really care for.”
Oil Profit Margins vs. Other Industries
April 26, 2006 · 10 Comments
Categories: Economic News
10 responses so far ↓
Brian // April 26, 2006 at 10:44 am
I think this comparison, while interesting, may be a bit misleading. The nature of energy companies selling large volumes of a commodity will tend to keep this ratio down even in a high profit/high cost environment because the total revenues in the denominator get so big. It would be interesting to see the same chart using return on total assets or some similar factor if you had access to that data as well.
Bill // April 26, 2008 at 11:53 am
Brian: Return on assets is not what is in political play. It is profit. This table shows that if profit MARGIN were in play, the politicians’ arguments against big oil would weaken considerably…although the pharmaceutical companies apparently wouldn’t want margin to be the issue.
If YOU had the power, what would you do to get gas prices lower? - Page 2 - TurboBuick.Com // May 15, 2008 at 7:18 am
[...] other industries during the same period. Oil Industry Seeks to Cast Huge Profits as No Big Deal Oil Profit Margins vs. Other Industries « The Everyday Economist [...]
Does anyone here actually think it's good that oil companies have to defend profit? - Page 6 - The Liberty Lounge Political Forums // May 22, 2008 at 9:03 pm
[...] is more: Oil Profit Margins vs. Other Industries « The Everyday Economist This one shows that profit margins were only 8% average for the oil industry in [...]
Pharmaceuticals give me a headache, guess I need a pill « JoCo Blue Boy // May 29, 2008 at 4:36 pm
[...] to hurt the profitability of the pharmaceutical industry, do we? No need to worry. According to The Everyday Economist blog, the pharmaceutical industry is the most profitable one, beating out banks, high tech, [...]
harry // June 4, 2008 at 8:08 pm
what happened to 80 mile per gallon desel holmon and moody engine it went to enron the chicken shit car the site in france with similar free energy aqnything thats free is taboo and tax free even alcohol can be re produced by recicling the beer making desel fuel a dollar a gallon george washington carver broke his but for nothing what is the tax on cigarettes and gas a gallon the taxes on a dui one gallon of methane produces free vegitables free fuel and no tax du hugh wake up america
Gas Protest!!!! - Page 2 - Sportbikes.net // June 5, 2008 at 4:09 pm
[...] Originally Posted by cbrenthus Well, that is true. Still, I don’t like seeing the government pointing fingers at oil companies when they colllect less than the taxes on the gas. I also wouldn’t be surprised if one of the reasons for record profit is the fact that gas refineries haven’t been allowed to expand for so long. So there loans from building 40 years ago are paid off and there isn’t anything to put money into. Whereas if they could build more refineries, than they would be putting some of the money back into producing gasoline. I don’t know this for sure, just theory on my part. Again, something we need to keep in mind is that their profit margins haven’t increased. The company isn’t making any more money over any given period of time as a whole. They are making more profit, but have to put more money into their company to buy oil and the energy itself for refinery and trucking. The average profit margin is about 8% for oil companies, it hasn’t increased. Look at this chart as a quick reference. Oil Profit Margins vs. Other Industries « The Everyday Economist [...]
Oil Companies - DebateAnything.com // June 10, 2008 at 4:51 pm
[...] like Yahoo, Apple, Microsoft, etc. 5 Tech Companies More Profitable than Exxon Mobil : TechVat Oil Profit Margins vs. Other Industries « The Everyday Economist Also, the states and the federal government make more than the oil companies profit. [...]
Oil Companies - Page 2 - DebateAnything.com // June 10, 2008 at 6:41 pm
[...] like Yahoo, Apple, Microsoft, etc. 5 Tech Companies More Profitable than Exxon Mobil : TechVat Oil Profit Margins vs. Other Industries « The Everyday Economist Also, the states and the federal government make more than the oil companies profit. [...]
The American Freedom Network » The O’Ignorant Factor // June 26, 2008 at 9:59 pm
[...] his free thousand dollar suit. He whined about the profits of oil companies, failing to note that many other industries have far higher profit rates than the oil [...]
Leave a Comment