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Old 07-31-2007, 06:54 AM   #21
robertthebard
Xanathar Thieves Guild
 

Join Date: March 17, 2001
Location: Wichita, KS USA
Age: 62
Posts: 4,537
Quote:
"In the period of 1999 to 3rd quarter 2005, the five major oil companies (BP, Chevron, ConocoPhillips, ExxonMobil, BP, and Royal Dutch Shell) 650 billion dollars in new investment compared to net income of 518 billion dollars". .. "And the 25 largest spend 963 million on net income of 629$ billion."

Source:
http://new.api.org/statistics/earnin...ustry_2006.pdf

That's a reinvestment rate of 120 to 150% of net income!
Not unless you had a typo in your numbers.
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Interesting read, one of my blogs.
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