quick to support worldwide. Can he really represent national interests beyond 1% oil/gas industry making quick profits?
@ @ Typical of industry,internalise the profits & externalise the costs.Coal,Oil,Drugs,Chemicals,Agriculture & Nuclear.
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If 10-15% profits are not excessive, as most businesses usually earn to be considered a safe and good investment, then maybe oil profit is not excedssive if that record profits in the news are 10-15% of the total revenue in the oil industry.
5-8% is the normal profit for most companies. 15% is very high. Few companies make that much.
Dec. 31 (Bloomberg) -- U.S. stocks fell this week, leaving the Standard & Poor’s 500 Index virtually unchanged for the year, as concern Europe’s debt crisis will weigh on the economy halted a two-year rally in equities.
The benchmark gauge for U.S. equities lost 0.04 point to 1,257.60 in 2011, the smallest annual change since 1947. Financial shares slid 1.3 percent in the week and 18 percent this year, the worst drop among 10 industries, as Bank of America Corp. tumbled 58 percent. Commodity producers fell 12 percent as a group. First Solar Inc. had the biggest drop in the S&P 500, losing 74 percent, followed by coal producer Alpha Natural Resources Inc. with a 66 percent loss.
Gauges of health-care companies, utilities and makers of household products and other consumer staples climbed more than 10 percent this year as investors bought companies whose profits are least-tied to economic growth. Cabot Oil & Gas Corp. in Houston rose 101 percent in 2011 for the gauge’s biggest rally, followed by pipeline owner El Paso Corp. and Sunnyvale, California-based medical device maker Intuitive Surgical Inc.
Exxon Oil Profits 2006 $39.5 Billion. They made $75000 per minute of every hour in 2006. Every Minute. Marathon Oil 2006 Profits $5.23 Billion ...
6 billion profit in 2011 equals a net profit of 1. Doosan distributor Mills CNC has launched the Puma 700XLM and Puma 700XLY lathes for heavy duty machining of large, heavy and long components found in the oil/gas and power-generation sectors. That’s a 46-percent fall in net profits compared to $16 billion in 2010. Read the full story ». Geneva: The International Air Transport Association (IATA) has downgraded its 2011 airline industry outlook to $8....
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That would be a 46 percent fall in net profits compared to the $16 billion earned by the industry in 2010, the association said Wednesday. For the Asia-Pacific region, net profits are expected to reach $3.7 billion, down from $7.6 billion in 2010 and
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Gaddafi weakened by rebel control of oil wells
''It's not transparent in the slightest as to how cash flows work'' in the Libyan oil industry, said Holly Pattenden, an oil analyst with Business Monitor International, who estimates Libya's annual oil revenue at $US50 billion.
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3 Reasons Airline Stocks Face a Bumpy Ride
Higher oil prices continue to weigh heavily on airline stocks as new forecasts predict increased fuel costs will drive down profits by as much as 46% in 2011. On Wednesday,the International Air Transport Association revised its industry profit downward
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RISING FUEL PRICES LIKELY TO CUT INTO AIRLINE INDUSTRY'S PROFITS (AMR,DAL,LCC) The $9.1 billion profit estimate, made in December, was based on an average oil price of $84 per barrel; that estimate has since been raised to $96 a barrel for the year. For every $1 increase in the price of oil, industry costs increase $1.6 billion, |
Inflation on certain foodstuffs has risen by a third since 2010
In 2008, grain giant Cargill saw profits rise by 86 per cent - again largely due to commodity trading. Australia: Droughts have been followed by catastrophic floods in some of Australia's most important agricultural areas, such as Queensland and New
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