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A paltry $11 billion profit for Exxon
It's all gloom and doom for the biggest oil company on the planet. Despite near-record revenue, analysts are discouraged.
Andrew Leonard [2008-05-01]

  • return on invested capital

    one thing i would someday like to see in coverage of oil industry profits is what the return on invested capital is rather than profits in absolute dollar terms. $11bn of profit is a lot if you're talking about capital of $60bn but if the capital base is $300bn it's not that great a return. so which is it?

    -- MikeBC
    [Read MikeBC's other letters]
    Thursday, May 1, 2008 10:14 AM
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