Oil Company Profits: "An industry-wide study in the late 1990s showed that oil industry profits amounted to an estimated 7.3
cents on each gallon sold.1 More recently, ConocoPhillips reported that during the third quarter of 2005 earnings from its U.S. refining and marketing operations amounted to 9 cents per gallon. This compares with a national average retail price of $2.60 per gallon during the third quarter, the period of highest gasoline prices in 2005."
No comments:
Post a Comment