Are oil companies laughing all the way to the bank? Let’s take a look at Exxon Mobil’s return on common equity to find out.
Oil Company Profits
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Are oil companies laughing all the way to the bank? Let’s take a look at Exxon Mobil’s return on common equity to find out.
Oil prices are rapidly approaching the $100 per barrel marker. We will observe how different corporations are responding to the rapid increase in price, and if there is any incentive for companies to drill for more oil.