YoursTruly
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- Dec 21, 2019
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- #221
The oil and gas industry has an average profit margin of 4.7%. This means that about 4.7% of the money the industry brings in is considered profit and doesn't go toward paying for the company's costs.
However, this average isn't necessarily reflective of the dramatic ups and downs that oil and gas production companies' profits saw in 2021. At the beginning of 2021, these companies were seeing profit margins of -22%, and at the end of 2021, as gas prices soared in the U.S., oil and gas companies saw profit margins of 31.3%.
How much profit does the oil and gas industry make?
The oil and gas industry has an average profit margin of 4.7%. This means that about 4.7% of the money the industry brings in is considered profit and doesn't go toward paying for the company's costs.However, this average isn't necessarily reflective of the dramatic ups and downs that oil and...www.zippia.com
These are fabricated numbers. The fact is, every time oil moves from the ground to the pump, is creating a profit. The owner of the mineral rights gets a profit. The truckers who move the oil get's a profit. The refineries make a profit. The oil companies themselves make a profit. The gas station owner gets a profit.
The numbers are skewed because it makes out like all of those entities are expenses to the oil companies. Technically that's true. But those expenses are calculated and added to the costs. So the oil companies aren't losing any actual money.
Then throw in the BILLIONS the oil companies get in subsidies from the US government, and that creates HUGE profits.
At our expense. Even though they were already making billions prior to the subsidies.