Mar 03, 2013
Thx, Shep! The press likes to focus in on the $ numbers for profits. Very few look at the % net profit numbers. Usually, Big Oil cos are right in the middle of the S&P 500 as far as % net profit numbers are concerned, i.e. about half the SP500 cos are MORE profitable than Big Oil. BTW, crude prices above $120-125/bbl reduces their profit margins.