Thursday, May 26, 2011

Oil Industry Profit Margin Ranks #114 out 215

CARPE DIEM: Oil Industry Profit Margin Ranks #114 out 215
"As the table below shows, the Integrated Oil and Gas industry made an average profit of 6.2 cents per dollar of sales, which ranks #114 out of 215 industries by profit margin, and puts oil companies right in the middle of industries by profitability.

If the Senate Finance Committee wants to investigate 'excessive' or 'windfall' profits, they might consider going after some of the other industries that have benefited from higher commodity prices and achieved much higher profit margins than oil (at 6.2%), like silver (44.7%), copper (24%), gold (21%), and industrial metals (21%) and lumber (17.7%)."

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