Posted on Apr 8, 2022
Making a Killing: Big Oil Reaps Record Profits Using Ukraine War as Pretext to Hike Gas Prices
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Record profits may mean record spending. How much is the oil company spending to make the profit? About a year ago oil companies lost 16.7 billion. Profit margins varied between 4.7% and 31%. https://www.investopedia.com/ask/answers/012015/what-average-profit-margin-company-oil-gas-drilling-sector.asp
What Is the Average Profit Margin for a Company in the Oil & Gas Drilling Sector?
Oil industry profit margins can be volatile, ranging widely with energy prices. We look under the hood.
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