Thank you Mobile!! You only made 9.5b this quarter
So what if they made $9.5 billion. They had over $100 billion in sales. That is around 10% - considered low margins for companies.
The oil companies make about 13 cents per gallon.
Do you know how much the government makes per gallon in taxes?
Federal govt gets 18 cents per gallon.
The State of California gets 40 cents per gallon.
California consumers are paying 58 cents per gallon to the government.
We really need to direct our scorn to the govt, not to the companies that explore and invest and take risks and drill and produce and refine and transport this product-all for 10% margins...