Some interesting oil industry statistics - oil profits

1997-2009 Gibson Consulting

Perspective US Gov't
Index US imports - from where? US imports - volume US exports Largest exporters Largest importers Iraq By company
Costs Largest refiners US Capacity Capacity by state Product imports Market share Transportation
Leading countries US Production Leading US States Largest world oil fields Largest US oil fields Largest world gas fields US Production Peak Production Peak Number of wells US - Wells drilled/producing US - shut-in wells
How many gallons? How much gasoline? How much plastic? Production costs Finding costs US Gov't profits Uses of oil
US - oil US - gasoline World Changes By sector US vs China
World US US - Bakken US - shut-in wells Peak Oil Drill Baby Drill Largest world oil fields Largest US oil fields Largest world gas fields
Largest that don't use imported oil Profits Seven Sisters
Who sets the price? Price history Factors Why so high? Gasoline price breakdown Historic change in pricing basis
How much in a barrel? Retailer Profits No. of stations US Price breakdown Sales per station No Middle East oil Price in other countries
Producers Importers Companies Oil Fields Gas Fields Reserves Profits
Exports to Japan ANWR
Drill Baby Drill Salvation in Canada? US - Bakken Essay
Made of dinosaurs? Why so much in the Mid East? Who owns it? Abiotic oil
Miscellaneous Myths Alternatives
Finding costs Hot areas Bakken Time to bring onstream
How many gallons in a barrel? How much gasoline from a barrel? Where to buy gas not from Mid East? Who sets the price of oil? Why does Alaska export oil to Japan?

By Richard Gibson:
What Things Are Made Of
The story of America's dependency
on mineral commodities (including oil) in everyday life.
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Useful 2011 report relating to oil company profits.

The article notes that ExxonMobil's taxes amounted to 23% of revenue, while the #2 US corporation, Apple, paid just under 7% of revenue in taxes.

Oil company profits: A perspective
Earnings, Revenues, Profits (Billions) for selected companies, recent quarter, 2005
Source: Bloomberg News, reported in AAPG Explorer Dec. 2005
Company
Net Profit
Revenue
Profit Margin
Citigroup (banking)
$7.1
$21.5
33%
Microsoft
$3.1
$9.7
32%
Coca-Cola
$1.3
$6.0
21%
Procter & Gamble
$2.0
$14.8
14%
General Electric
$4.7
$41.6
11%
ExxonMobil
$9.9
$92.6
11%
ConocoPhillips
$3.8
$48.7
8%
IBM
$1.5
$21.5
7%
Chevron
$3.6
$51.1
7%
Wal-Mart
$2.8
$76.8
4%
Oil industry average profit margin is about 8.2%; (3rd Q. '05)
for all US industry, the average is about 6.8%.
Profits in the oil industry were easily outpaced by those of the
Pharmaceuticals, Banks, Household Products, Software, Telecommunications,
Semiconductors, Consumer Services, and Food, Beverage and Tobacco sectors.

For a comparison of the profit margins in the oil industry to other US businesses, click here for a PDF file from the American Petroleum Institute.



Compiled by Dick Gibson, Gibson Consulting, 301 N. Crystal St., Butte, MT 59701

Want to know more?
Gibson Consulting recommends: Read The Prize, by Daniel Yergin.


1997-2009 Gibson Consulting
Background image of drilling well in Utah in 1981 2000 by Dick Gibson