Where do people get the idea oil companies are making a 10% profit?

10% of what?....investments?......


any links?Where do people get the idea oil companies are making a 10% profit?
It's currently at 9.5% (at least in California) when you take into account both refiner and distributor margin. Refiner Margin (costs and profits) is calculated by subtracting the market price for crude oil from the wholesale price of gasoline. The result is a gross refining margin which includes the cost of operating the refinery as well as the profits for the refining company. The Distribution margin (distribution costs, marketing costs, and profits) is calculated by subtracting the wholesale gasoline price (either branded or unbranded) and taxes (state sales tax, state excise tax, federal excise tax, and a state underground storage tank fee) from the weekly average retail sales price. The branded wholesale gasoline price is based on the average statewide branded refined ';rack'; price, information obtained from the Oil Price Information Service (www.opisnet.com). The rack price is the price paid at the point where tanker trucks load their fuel from a distribution terminal's loading rack. The unbranded price is also based on OPIS pricing information.Where do people get the idea oil companies are making a 10% profit?
Liberals trying to make the oil companies a monster, good thing we republican and conservatives can think for ourselves..
Actually I heard the transcript of testimony this week quoting one company executive at 6.9%. I think it was 10B profit on revenues of 150B USD.





I wonder what their ROI, ROA or ROC is compared to other industries. I mean is someone had to invest 2 trillion dollars to build one of these companies from the ground up just to earn 10 billion dollars a year it would hardly be worth it.
they were told that by the fox watching the hen house.....





tp4me....which government? We have at least 1,000 governments in this country (federal, state, local)





Typical...that was in 2005 when it was trading for about 1/2 of what its trading at today.....should i assume its closer to 17-20%?
it was 10% 40 years ago, it's 10% today.





10% of $.50 then = $.05 profit per gallon





10% of $4.00 now = $.40 profit per gallon





They haven't changed the market has.
8.7%??????......are you kidding ? that link is 3 years old, and even those were record profits-----so im guessing the profits are closer to 30%-40%








nice try
It's actually 8.7%





http://www.msnbc.msn.com/id/8646744
The government makes more money of taxing oil than the oil company's make of refining the oil





whydoeseveryonecare. that's the point were taxed on gas federally state and local.
(Revenue minus outlay) over total revenue
from the stupid politicians.if a company cannot make 10 %,you might as well give it up !
Fox News and AM radio.....