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They actually make about 8% profit. So if the wholesale price of gasoline is $3.18 a gallon, they would theoretically make .25 cents. In fact, however, the profit earned specifically from the retail sale of gasoline in much lower, and can be as little as 2 cents per gallon. Keep in mind that state and federal taxes can add another 25-63 cents. Oil companies obviously don't make a profit on the sales tax.
Oil companies' overall margin is not high for a major industry since most companies shoot for at least 10% profit. The difference, and the reason they make so much money, is that they sell so much of it. They sell gasoline to not only the US but to many of the oil producing countries that don't have refinery capability.
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How much is gas a gallon at Exxon?
In Southern Idaho it is between $3.29.9 per gallon and $3.36.9 per gallon.
How much money did Exxon Mobil earn in profit for 2017?
ExxonMobil had $19.7 billion in profit in 2017. In 2007 they had an annual profit of $40.6 billion.
How much money does the CEO of Exxon Mobile make?
6.2 million
What is the mission of exxon?
The mission Of Exxon is to collect as much money and power as it possibly can.
How much liters make one gallon?
3.78 litre in a US gallon.
How much corn does it take to make a gallon of ethanol?
Zero as you can not make a gallon of gasoline from water.
How much does 1 cubic foot of water takes to make a gallon?
a gallon or so
How much pound make a gallon?
A US gallon of water is 8.35 pounds. An Imperial gallon of water is 10 pounds.
How much liters make a gallon?
3.785 litres make 1 US gallon. So a litre is approximately 1/4 gallon
How much is 1 part in a 1 part to 4 part to make a gallon?
0.2 of a gallon
How much ounce make a half of a gallon?
64
How much electricity does a gallon of petroleum make?
ALOT
