Shell Oil: 27.5 Billion In Profits In 2007
a truly obscene profit margin, don't you think?

by nocal 853 Reads
on Sat Feb 02 2008 Add to your ClipSwarm
Alpha votes:
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tescoSat Feb 02
 
The governments profits from oil are almost $50 billion.
That is criminal.
 
 
DoobSat Feb 02
 
and yet we MUST keep them in business,eh?
 
 
coknurmowthSat Feb 02
 
Keep driving and you will.
 
 
stumpSat Feb 02
 
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.
 
 
DoobSat Feb 02
 
oil is not just used to produce fuel,cok.
 
 
nocalSat Feb 02
   
 
coknurmowthSat Feb 02
 
I thought we were talking about Shell oil here.
 
 
nocalSat Feb 02
 
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)
 
 
pjp56Sat Feb 02
 
Prob'ly made a third of it on diesel this year.
 
 
coknurmowthSun Feb 03
 
sry Nocal, I was responding to Doob and didn't get it in before you.
 
 
SoggyBiscuitzSun Feb 03
 
OMG what the shell!?
 
 
nocalSun Feb 03
 
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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