Thread: Oil $100 a BBL.........
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Old 03-06-2008 | 10:42 AM
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JMT21
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Originally Posted by Lighteningspeed
Oil companies make 10% profit? Where did you get this figure?
Profit Margin=Net Income/Revenue

ExxonMobile 2007 profit margin=$40,610/$404,552=10%

The numbers are from its 2007 10K (filed with the SEC).

10% does not seem egregious to me regardless of the amount of revenue its on.
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