• Swarmed by
  • nocal
  • Feb02 '08
  • 806 things

    31.3k rads

Shell Oil: 27.5 Billion In Profits In 2007

a truly obscene profit margin, don't you think?

Decider: Wotak

Etain

Tagnut

middle_age_man

casmhar meepers

Wotak GO REPUBLICANS!

  • tesco
  • Feb02 '08

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The governments profits from oil are almost $50 billion. That is criminal.

  • Doob
  • Feb02 '08

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and yet we MUST keep them in business,eh?

  • GrapeApe
  • Feb02 '08

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Keep driving and you will.

  • Stump
  • Feb02 '08

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Okay, not to jump on the defensive, but people haven't noticed something. I read this article and the responses to it on another forum - they're basically the same.

Who can tell me if this is net profit, gross profit, operating profit, or economic profit? Four very different things. The article simply doesn't say, it implies the figure is the net profit, if it isn't then what is this figure and what is the difference? Where do their investments go and how many people do they employee? It's not cheap to survey for oil fields, drill test wells, conduct operations if a hit move on if not. Wash, rinse, repeat.

  • Doob
  • Feb02 '08

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oil is not just used to produce fuel,cok.

  • GrapeApe
  • Feb02 '08

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I thought we were talking about Shell oil here.

  • nocal
  • Feb02 '08

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we are, but i was trying to clarify the point regarding what the profit is here. it seems to be gross profit, not net profit (i think). so the stated number does not include operating costs (i think)

  • PJP56
  • Feb02 '08

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Prob'ly made a third of it on diesel this year.

  • GrapeApe
  • Feb03 '08

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sry Nocal, I was responding to Doob and didn't get it in before you.

OMG what the shell!?

  • nocal
  • Feb03 '08

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yeah i linked to an article about exxon's profits, so i thought you were talking to me. oh well, i think it might clarify the point at least.

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