The table below shows industry rankings for net profit margin (profits / sales) of the top 114 industries out of 215 total industries during the most recent quarter, from Yahoo!Finance.
The top five oil companies (Chevron (CVX), Shell (RDS.A), BP, ExxonMobil (XOM) and ConocoPhillips (COP)) are part of the "Major Integrated Oil and Gas" industry, and the CEOs of the "Big Five" are appearing today before the Senate Committee on Finance, to get grilled about the "taxpayer subsidies" and "tax breaks" they receive, explain why they deserve to earn record "windfall" profits, and explain the role they play in higher oil and gas prices.
As the table below shows, the Integrated Oil and Gas industry made an average profit of 6.2 cents per dollar of sales, which ranks #114 out of 215 industries by profit margin, and puts oil companies right in the middle of industries by profitability.
If the Senate Finance Committee wants to investigate "excessive" or "windfall" profits, they might consider going after some of the other industries that have benefited from higher commodity prices and achieved much higher profit margins than oil (at 6.2%), like silver (44.7%), copper (24%), gold (21%), and industrial metals (21%) and lumber (17.7%).
| Rank | Industry | Net Profit Margin |
|---|---|---|
| 1 | Closed-End Fund - Equity | 81% |
| 2 | Publishing - Periodicals | 51.7 |
| 3 | Silver | 44.7 |
| 4 | Closed-End Fund - Foreign | 38.3 |
| 5 | REIT - Diversified | 36 |
| 6 | Copper | 24 |
| 7 | Internet Information Providers | 23.8 |
| 8 | Application Software | 22.7 |
| 9 | Foreign Utilities | 20.5 |
| 10 | Industrial Metals and Minerals | 20.1 |
| 11 | Gold | 20.1 |
| 12 | Cigarettes | 19.8 |
| 13 | Semiconductor - Broad Line | 19.2 |
| 14 | REIT - Healthcare Facilities | 19.1 |
| 15 | Lumber, Wood Production | 17.7 |
| 16 | Semiconductor - Integrated Circuits | 17.6 |
| 17 | Diversified Investments | 17.5 |
| 18 | Healthcare Information Services | 16.6 |
| 19 | Beverages - Brewers | 16.5 |
| 20 | Regional - Southwest Banks | 16.4 |
| 21 | Semiconductor- Memory Chips | 16.1 |
| 22 | Publishing - Books | 16.1 |
| 23 | Networking and Communication Devices | 15.7 |
| 24 | Drug Manufacturers - Major | 15.4 |
| 25 | Long Distance Carriers | 15.2 |
| 26 | Railroads | 15 |
| 27 | Beverages - Wineries and Distillers | 14.9 |
| 28 | Nonmetallic Mineral Mining | 14.6 |
| 29 | Beverages - Soft Drinks | 14.3 |
| 30 | Wireless Communications | 14.1 |
| 31 | Semiconductor Equipment and Materials | 14.1 |
| 32 | Personal Products | 13.9 |
| 33 | Personal Computers | 13.9 |
| 34 | Medical Instruments and Supplies | 13.9 |
| 35 | Drug Manufacturers - Other | 13.6 |
| 36 | Security Software and Services | 13.2 |
| 37 | Property and Casualty Insurance | 13.2 |
| 38 | Agricultural Chemicals | 13 |
| 39 | Specialty Chemicals | 12.7 |
| 40 | REIT - Residential | 12.7 |
| 41 | Biotechnology | 12.7 |
| 42 | Medical Appliances & Equipment | 12.6 |
| 43 | Technical and System Software | 12.5 |
| 44 | Mortgage Investment | 12.5 |
| 45 | Entertainment - Diversified | 12.5 |
| 46 | Air Services, Other | 12.4 |
| 47 | Diversified Electronics | 11.9 |
| 48 | Processed and Packaged Goods | 11.5 |
| 49 | Foreign Regional Banks | 11.5 |
| 50 | Water Utilities | 10.9 |
| 51 | Semiconductor - Specialized | 10.5 |
| 52 | Money Center Banks | 10.5 |
| 53 | Consumer Services | 10.5 |
| 54 | Broadcasting - TV | 10.5 |
| 55 | Regional - Midwest Banks | 10.4 |
| 56 | Toys and Games | 10.1 |
| 57 | Textile - Apparel Footwear | 10.1 |
| 58 | Restaurants | 10 |
| 59 | Investment Brokerage - National | 10 |
| 60 | Oil and Gas Drilling and Exploration | 9.9 |
| 61 | Paper and Paper Products | 9.8 |
| 62 | Foreign Money Center Banks | 9.8 |
| 63 | Regional - Northeast Banks | 9.7 |
| 64 | Business Software and Services | 9.7 |
| 65 | Synthetics | 9.5 |
| 66 | Scientific and Technical Instruments | 9.5 |
| 67 | Data Storage Devices | 9.5 |
| 68 | Internet Software and Services | 9.4 |
| 69 | CATV Systems | 9.3 |
| 70 | Specialty Eateries | 9.2 |
| 71 | Telecom Services - Domestic | 9.1 |
| 72 | Specialized Health Services | 9 |
| 73 | Diversified Computer Systems | 9 |
| 74 | Savings and Loans | 8.9 |
| 75 | Internet Service Providers | 8.9 |
| 76 | Conglomerates | 8.8 |
| 77 | Research Services | 8.7 |
| 78 | Diversified Machinery | 8.7 |
| 79 | Education and Training Services | 8.4 |
| 80 | Independent Oil and Gas | 8.3 |
| 81 | Industrial Equipment and Components | 8.2 |
| 82 | General Entertainment | 8.2 |
| 83 | Diversified Utilities | 8.1 |
| 84 | Asset Management | 8.1 |
| 85 | Accident and Health Insurance | 8.1 |
| 86 | Information and Delivery Services | 8 |
| 87 | Gas Utilities | 8 |
| 88 | Business Services | 8 |
| 89 | Telecom Services - Foreign | 7.9 |
| 90 | Oil and Gas Equipment and Services | 7.9 |
| 91 | Insurance Brokers | 7.8 |
| 92 | Cleaning Products | 7.8 |
| 93 | Steel and Iron | 7.7 |
| 94 | Drug Related Products | 7.7 |
| 95 | Home Furnishing Stores | 7.6 |
| 96 | Diagnostic Substances | 7.6 |
| 97 | Auto Parts Stores | 7.3 |
| 98 | Industrial Electrical Equipment | 7.2 |
| 99 | Waste Management | 7 |
| 100 | Confectioners | 7 |
| 101 | Aerospace/Defense - Major Diversified | 7 |
| 102 | Publishing - Newspapers | 6.9 |
| 103 | Jewelry Stores | 6.9 |
| 104 | Home Health Care | 6.9 |
| 105 | Computer Based Systems | 6.9 |
| 106 | Pollution & Treatment Controls | 6.8 |
| 107 | Lodging | 6.8 |
| 108 | Communication Equipment | 6.7 |
| 109 | Aerospace/Defense Products & Services | 6.6 |
| 110 | Sporting Activities | 6.5 |
| 111 | Packaging & Containers | 6.5 |
| 112 | Catalog & Mail Order Houses | 6.5 |
| 113 | Drugs - Generic | 6.3 |
| 114 | Major Integrated Oil and Gas | 6.2 |
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