{"id":12543,"date":"2026-07-19T21:33:01","date_gmt":"2026-07-20T02:33:01","guid":{"rendered":"https:\/\/www.rushworth.us\/lisa\/?p=12543"},"modified":"2026-09-19T11:46:46","modified_gmt":"2026-09-19T16:46:46","slug":"corporate-greed","status":"publish","type":"post","link":"https:\/\/www.rushworth.us\/lisa\/?p=12543","title":{"rendered":"Corporate Greed?"},"content":{"rendered":"

Corporate greed is an easy, convenient answer to why things are so expensive … but I’ve tracked profits and revenue for the global “big oil” companies for a while now. Other than Armaco, and generally Petrobras, profits are under 10% of revenue. “Record profits” seem, generally, to come from record sales. We’re not going through record high profit\u00a0percentages<\/em>.<\/p>\n

\"\"<\/a><\/p>\n

Now, a company that “only” profited five billion<\/em> dollars on 380b isn’t doing badly and could probably have gotten by if they only made 2 million – but that makes for an interesting study. Say oil is $100 per barrel. 380 billion dollars is 3.8 billion barrels sold (yes, I know many of these companies have other lines of business. This is a thought experiment, not a regulated financial filing). If they earned three billion dollars less that year, the price per barrel would only drop $0.79. Under 1% change. Now, if Armaco had only profited 3.4 billion last year instead of 93.4b, that would be a $20\/barrel drop.<\/p>\n

Raw data:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Company<\/td>\n2025<\/td>\n2024<\/td>\n2023<\/td>\n2022<\/td>\n2021<\/td>\n2020<\/td>\n2019<\/td>\n2018<\/td>\n2017<\/td>\n2016<\/td>\n2015<\/td>\n2014<\/td>\n2013<\/td>\n2012<\/td>\n2011<\/td>\n2010<\/td>\n2009<\/td>\n2008<\/td>\n2007<\/td>\n2006<\/td>\n<\/tr>\n
Revenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\nRevenue ($B)<\/td>\nNet profit ($B)<\/td>\n<\/tr>\n
1. Saudi Aramco<\/td>\n446<\/td>\n93.4<\/td>\n481<\/td>\n106.2<\/td>\n495<\/td>\n121.3<\/td>\n604<\/td>\n161.1<\/td>\n400<\/td>\n110.0<\/td>\n230<\/td>\n49.0<\/td>\n330<\/td>\n88.2<\/td>\n356<\/td>\n111.1<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\n<\/tr>\n
2. PetroChina<\/td>\n399<\/td>\n21.9<\/td>\n409<\/td>\n22.9<\/td>\n426<\/td>\n22.8<\/td>\n481<\/td>\n22.2<\/td>\n405<\/td>\n14.3<\/td>\n280<\/td>\n2.3<\/td>\n364<\/td>\n10.4<\/td>\n356<\/td>\n7.9<\/td>\n298<\/td>\n3.4<\/td>\n244<\/td>\n0.9<\/td>\n277<\/td>\n5.7<\/td>\n371<\/td>\n17.4<\/td>\n365<\/td>\n20.9<\/td>\n348<\/td>\n18.2<\/td>\n298<\/td>\n20.6<\/td>\n216<\/td>\n20.6<\/td>\n149<\/td>\n15.1<\/td>\n155<\/td>\n16.5<\/td>\n110<\/td>\n18.4<\/td>\n86<\/td>\n17.9<\/td>\n<\/tr>\n
3. Sinopec<\/td>\n388<\/td>\n4.4<\/td>\n428<\/td>\n7.0<\/td>\n454<\/td>\n8.5<\/td>\n493<\/td>\n9.9<\/td>\n435<\/td>\n9.5<\/td>\n305<\/td>\n4.8<\/td>\n430<\/td>\n8.3<\/td>\n437<\/td>\n9.2<\/td>\n349<\/td>\n7.6<\/td>\n291<\/td>\n7.0<\/td>\n324<\/td>\n5.3<\/td>\n459<\/td>\n8.8<\/td>\n465<\/td>\n10.3<\/td>\n457<\/td>\n10.1<\/td>\n388<\/td>\n9.8<\/td>\n283<\/td>\n9.3<\/td>\n197<\/td>\n8.6<\/td>\n209<\/td>\n6.8<\/td>\n157<\/td>\n7.0<\/td>\n131<\/td>\n6.4<\/td>\n<\/tr>\n
4. ExxonMobil<\/td>\n334<\/td>\n28.8<\/td>\n350<\/td>\n33.7<\/td>\n345<\/td>\n36.0<\/td>\n414<\/td>\n55.7<\/td>\n286<\/td>\n23.0<\/td>\n182<\/td>\n-22.4<\/td>\n265<\/td>\n14.3<\/td>\n279<\/td>\n20.8<\/td>\n290<\/td>\n19.7<\/td>\n227<\/td>\n7.8<\/td>\n260<\/td>\n16.2<\/td>\n412<\/td>\n32.5<\/td>\n438<\/td>\n32.6<\/td>\n481<\/td>\n44.9<\/td>\n486<\/td>\n41.1<\/td>\n383<\/td>\n30.5<\/td>\n311<\/td>\n19.3<\/td>\n477<\/td>\n45.2<\/td>\n405<\/td>\n40.6<\/td>\n378<\/td>\n39.5<\/td>\n<\/tr>\n
5. Shell<\/td>\n274<\/td>\n17.8<\/td>\n289<\/td>\n16.1<\/td>\n323<\/td>\n19.4<\/td>\n386<\/td>\n42.3<\/td>\n273<\/td>\n20.1<\/td>\n183<\/td>\n-21.7<\/td>\n352<\/td>\n15.8<\/td>\n397<\/td>\n23.4<\/td>\n312<\/td>\n13.0<\/td>\n240<\/td>\n4.6<\/td>\n272<\/td>\n1.9<\/td>\n431<\/td>\n14.9<\/td>\n460<\/td>\n16.4<\/td>\n482<\/td>\n26.7<\/td>\n484<\/td>\n30.8<\/td>\n378<\/td>\n20.1<\/td>\n285<\/td>\n12.5<\/td>\n458<\/td>\n26.3<\/td>\n356<\/td>\n31.3<\/td>\n319<\/td>\n25.4<\/td>\n<\/tr>\n
6. TotalEnergies<\/td>\n201<\/td>\n13.1<\/td>\n214<\/td>\n15.8<\/td>\n237<\/td>\n21.4<\/td>\n284<\/td>\n20.5<\/td>\n206<\/td>\n16.0<\/td>\n140<\/td>\n-7.2<\/td>\n200<\/td>\n11.3<\/td>\n209<\/td>\n11.4<\/td>\n171<\/td>\n8.6<\/td>\n150<\/td>\n6.2<\/td>\n165<\/td>\n5.1<\/td>\n236<\/td>\n4.2<\/td>\n251<\/td>\n11.2<\/td>\n257<\/td>\n14.7<\/td>\n257<\/td>\n17.1<\/td>\n212<\/td>\n14.1<\/td>\n183<\/td>\n11.7<\/td>\n264<\/td>\n20.4<\/td>\n217<\/td>\n18.0<\/td>\n193<\/td>\n15.8<\/td>\n<\/tr>\n
7. BP<\/td>\n189<\/td>\n0.1<\/td>\n189<\/td>\n0.4<\/td>\n210<\/td>\n15.2<\/td>\n241<\/td>\n-2.5<\/td>\n158<\/td>\n7.6<\/td>\n180<\/td>\n-20.3<\/td>\n277<\/td>\n4.0<\/td>\n299<\/td>\n9.4<\/td>\n240<\/td>\n3.4<\/td>\n183<\/td>\n0.1<\/td>\n223<\/td>\n-6.5<\/td>\n354<\/td>\n3.8<\/td>\n379<\/td>\n23.5<\/td>\n387<\/td>\n11.0<\/td>\n376<\/td>\n25.2<\/td>\n297<\/td>\n-3.7<\/td>\n246<\/td>\n16.6<\/td>\n361<\/td>\n21.2<\/td>\n274<\/td>\n20.8<\/td>\n254<\/td>\n22.3<\/td>\n<\/tr>\n
8. Chevron<\/td>\n189<\/td>\n12.5<\/td>\n203<\/td>\n17.7<\/td>\n201<\/td>\n21.4<\/td>\n246<\/td>\n35.5<\/td>\n162<\/td>\n15.6<\/td>\n95<\/td>\n-5.5<\/td>\n147<\/td>\n2.9<\/td>\n166<\/td>\n14.8<\/td>\n142<\/td>\n9.2<\/td>\n114<\/td>\n-0.5<\/td>\n138<\/td>\n4.6<\/td>\n212<\/td>\n19.2<\/td>\n229<\/td>\n21.4<\/td>\n242<\/td>\n26.2<\/td>\n254<\/td>\n26.9<\/td>\n205<\/td>\n19.0<\/td>\n172<\/td>\n10.5<\/td>\n273<\/td>\n23.9<\/td>\n221<\/td>\n18.7<\/td>\n210<\/td>\n17.1<\/td>\n<\/tr>\n
9. Rosneft<\/td>\n101<\/td>\n3.6<\/td>\n109<\/td>\n11.7<\/td>\n107<\/td>\n14.9<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\n92<\/td>\nn\/a<\/td>\n63<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\n11.1<\/td>\nn\/a<\/td>\n6.5<\/td>\nn\/a<\/td>\nn\/a<\/td>\n<\/tr>\n
10. Petrobras<\/td>\n89<\/td>\n19.6<\/td>\n91<\/td>\n7.5<\/td>\n102<\/td>\n24.9<\/td>\n124<\/td>\n36.6<\/td>\n84<\/td>\n19.9<\/td>\n54<\/td>\n-1.1<\/td>\n77<\/td>\n10.2<\/td>\n85<\/td>\n7.2<\/td>\n89<\/td>\n0.1<\/td>\n81<\/td>\n-4.0<\/td>\n97<\/td>\n-10.0<\/td>\n144<\/td>\n-9.0<\/td>\n141<\/td>\n10.9<\/td>\n144<\/td>\n10.9<\/td>\n146<\/td>\n20.0<\/td>\n121<\/td>\n20.0<\/td>\n91<\/td>\n14.0<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Data as available. Publicly traded companies in US and Europe are far more apt to have published , audited, probably somewhat accurate data.<\/p>\n","protected":false},"excerpt":{"rendered":"

Corporate greed is an easy, convenient answer to why things are so expensive … but I’ve tracked profits and revenue for the global “big oil” companies for a while now. Other than Armaco, and generally Petrobras, profits are under 10% of revenue. “Record profits” seem, generally, to come from record sales. We’re not going through …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[2225,2226],"class_list":["post-12543","post","type-post","status-publish","format-standard","hentry","category-politics","tag-big-oil","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/12543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12543"}],"version-history":[{"count":1,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/12543\/revisions"}],"predecessor-version":[{"id":12545,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=\/wp\/v2\/posts\/12543\/revisions\/12545"}],"wp:attachment":[{"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rushworth.us\/lisa\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}