They actually pump and sell about 3% of crude world wide. They are not making any money retail and plan on selling the rest of their gas stations.
$11B for the recent quarter.
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> What I don't get is, if it costs them so much, how can they keep breaking
> profit records?
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They aren't making much money on downstream (i.e., refining and marketing). They are making it on getting out of the ocean floor/ ground.
They actually made more money in the US last year (2nd quarter) than they did this year. The increased earnings came from outside the US.
Jeff
The numbers are available on their financial report. You can see if this true. BTW, where do you think they get most of their crude oil?
And don't forget, most of their sales are overseas.
Jeff
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