Comments on: Fat Profits, But Big Oil is Shrinking http://priceofoil.org/2008/02/01/fat-profits-but-big-oil-is-shrinking/ Oil Change International campaigns to expose the true costs of oil and facilitate the coming transition towards clean energy. We are dedicated to identifying and overcoming political barriers to that transition. Wed, 03 Dec 2008 20:58:09 +0000 http://wordpress.org/?v=2.5 By: Lloyd Davies http://priceofoil.org/2008/02/01/fat-profits-but-big-oil-is-shrinking/#comment-225602 Lloyd Davies Fri, 01 Feb 2008 20:16:53 +0000 http://priceofoil.org/2008/02/01/fat-profits-but-big-oil-is-shrinking/#comment-225602 Shell's recent unaudited results indicate a Profit Margin of about 16 percent. For such a risky business as oil exploration I do not think that is too bad. This would compare favorably with about 11% for a large bank such as HSBC. Oil exploration is risky business and it is a vital business to us all. i would not like to see Shell Oil cut corners. Regards to all. Shell’s recent unaudited results indicate a Profit Margin of about 16 percent. For such a risky business as oil exploration I do not think that is too bad. This would compare favorably with about 11% for a large bank such as HSBC.

Oil exploration is risky business and it is a vital business to us all. i would not like to see Shell Oil cut corners.

Regards to all.

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