03-21-2014, 11:26 AM
'Putncalls' pid='39576' datel Wrote:If it was so easy for OSH to buy 23% of E/A with GVT approval what makes anyone think that XOM isn't in on the game? Total has 20 billion in cash on hand along with a gross profit of 240 billion per year. Shell can step up to the pump also.
240 Billion gross profit sounds too high - unless it is in some other currency. Exxon had gross profit of about $150 Billion in 2013 (net profit of $32 Billion). Is TOTAL that much more profitable ?