Quote:
Originally Posted by swampman46
People here that work for oil companies I'm sure will dissagree, but it's hard to imagine the oil companies are actually losing money right now. No doubt they're "losing out" on money-big difference. Seems I read where Exxon-Mobil net income for third quarter was like $8 trillion? Staggering. I realize not all companies are like Exxon-just posting an example.
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No oil company is losing they are not making higher %
Most oil companies sell future oil at set prices 6 months a head
So I would say most are locked on at $65-$80bbl
As far as jobs the ones who take the lick hardest is the drilling side which I feel for those hard working families !
I'm very fortunate that my job will always be safe as long as gas and oil gets sold down the pipelines