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Revenue, not profit. Oil is very low margin. Oil companies makes about 7 cents per gallon of gasoline. That's a lot less than the amount of money that is collec
by Aunche 7y ago
Revenue, not profit. Oil is very low margin. Oil companies makes about 7 cents per gallon of gasoline. That's a lot less than the amount of money that is collected from gasoline taxes.
https://www.forbes.com/2011/05/10/oil-company-earnings.html#a79a3ca2dc83 https://www.forbes.com/2011/05/10/oil-company-earnings.html#...