For their part, the oil companies have been emphasizing that they make far less money on each dollar of sales than many other industries that aren't being excoriated for their capitalism.
Taken together, Exxon, Chevron and ConocoPhillips made a profit of $8.19 on every $100 in sales. In contrast, Internet bellwethers Google Inc., Yahoo Inc. and eBay Inc. collectively turned a $19.20 profit on every $100 of their combined revenue.
Wednesday, May 03, 2006
Oil Industry Unapologetic for High Profits - Yahoo! News
Oil Industry Unapologetic for High Profits .....as well they should be given the facts presented in this article:
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