In our Finance Lab assignment, we found out how many players, and the top 5 players in the Energy Industry. In the Energy Industry there are 2014 members, and the top 5 players are Exxon Mobil Corp., Petrochina Company Limited, Petroleo Brasileiro SA Petrobras, Royal Dutch Shell and Royal Dutch Shell (PLC). The total sales are approximately $ 53225040030, and the Oil and Gas Refining and marketing total sales is $ 204521750.
Therefore, in general the energy industry is growing, “A surge in oil and gas prices since 2003 enabled international oil companies (IOCs) to report record profits and build up considerable cash. Nevertheless, these are uncertain times for the IOCs. Oil and gas prices plunged in late 2008”. (Net Advantage) The energy sector has been cyclical in nature. However, its costs are rising due to labor and equipment, as well as increased tax and royalty rates. Generally the energy industry is growing due to alternative energy sources such as wind and solar powers. The competitive dynamics between the national oil companies (NOCs) and the IOCs has permanently changed, driven by high oil prices and limited access to upstream resources.
WOW! $53,225,040,030!!! That's ridiculous. I'm honestly amazed at that and the following number. So, you completely put down my current post about oil companies possibly receiving less money. But I can see how this is true. While some people may cut back on going to the gas station, I understand that the majority of people don't.
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