Thursday, February 01, 2007

Exxon and Co.

Once again not so surprisingly Exxon posted the largest known profits in corporate history ever - 39.5 billion USD, topping its last year's figure of 36.13 billion.  Look at these numbers:

Exxon made 100.96 billion in cumulative profit over the last 3 years and 1.05 trillion in sales.

The next two biggies :
Chevron made 68.87 billion in cumulative profit and 892 billion in sales.
BP made 61.7 billion in cumulative profit and 731 billion in sales.

(I extrapolated chevron and bp's current year profit and revenues from their respective sept 06 figures)

So all together the big 3 of big oil made 231. 53 billion in profits on 2.67 trillion in sales.

Let's translate this into what it means for the global population - assuming that 40% of all of this is coming from US consumption, 92 billion of the profits came from 300 million consumers in the last 3 years. Therefore, per capita profit for the big three in the US over the last 3 years is around 300 USD.  Remember - just profit !!

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