T79   
Costs, Deductions, Taxation and Net Income as percentage of
Revenues of the Major Oil Companies, 1980-2007
  1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
BP                                                        
Revenues  100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
Cost of Sales  93.3 92.5 92.1 91.7 90.5 90.8 95.2 91.3 90.2 90.4 91.0 94.4 98.6 94.5 92.8 93.8 91.2 91.1 93.4 93.1 90.1 91.5 94.4 93.0 92.4 88.3 87.4 83.2
Income Tax (Benefit) 3.8 4.0 4.2 4.3 4.5 4.4 1.5 3.5 3.8 3.0 3.6 2.7 1.3 2.1 2.2 2.1 2.7 2.8 2.5 2.3 4.1 3.6 2.4 2.6 2.8 3.9 4.5 8.5
Special Deductions - - - - 0.5 1.4 0.8 - - - - 0.4 1.1 - - - - - - - - - - - - - - -
Net Income (Loss) 2.9 3.5 3.7 4.0 4.5 3.4 2.5 5.2 6.0 6.6 5.3 2.6 -1.0 3.4 5.1 4.1 6.1 6.1 4.2 4.6 5.8 4.8 3.2 4.4 4.8 7.9 8.1 8.3
ExxonMobil                                                        
Revenues  100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
Cost of Sales  89.2 91.3 93.0 90.8 90.4 91.0 90.6 92.3 91.7 93.9 93.1 93.0 93.9 93.1 93.7 92.6 91.6 90.4 93.0 94.0 87.6 88.6 91.2 86.8 86.2 83.4 82.2 86.3
Income Tax (Benefit) 5.6 4.3 3.7 5.0 5.3 5.2 3.2 3.2 3.2 2.6 3.1 2.8 2.2 2.7 2.6 3.0 3.5 3.8 2.3 1.7 4.8 4.2 3.2 4.5 5.3 6.5 7.4 5.5
Special Deductions - - - - - - 2.1 - - - - - 0.8 - 0.4 - - - - - - - - - - - - -
Net Income (Loss) 5.2 4.4 3.2 4.2 4.3 3.9 4.0 4.5 5.1 3.5 3.8 4.2 3.1 4.2 3.4 4.4 4.9 5.8 4.7 4.2 7.6 7.2 5.6 8.7 8.5 10.1 10.5 8.2
Total                                                         
Revenues  100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
Cost of Sales  82.7 88.5 89.4 90.2 90.0 90.3 93.5 91.2 96.5 96.3 95.0 94.7 96.6 96.6 96.3 95.8 95.3 92.8 95.2 93.3 88.4 87.1 89.3 88.2 85.4 82.7 83.4 83.2
Income Tax (Benefit) 16.3 11.2 10.3 9.4 9.2 8.9 6.0 7.3 1.7 1.7 1.9 1.3 1.3 1.2 1.3 1.5 1.5 3.8 1.8 2.6 5.5 5.6 4.9 5.1 6.8 8.6 8.9 8.5
Special Deductions - - - - - - - - - - - - - - - - - - - - - - - - - -   -
Net Income (Loss) 1.0 0.3 0.3 0.4 0.8 0.8 0.5 1.5 1.8 2.0 3.1 4.1 2.1 2.2 2.5 2.7 3.2 3.4 2.9 4.1 6.0 7.3 5.8 6.7 7.8 8.7 7.7 8.3
Royal Dutch/Shell                                                        
Revenues  100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
Cost of Sales  86.9 88.1 87.0 86.2 85.9 87.1 89.9 90.1 90.2 88.5 89.3 92.6 93.2 93.2 92.2 91.7 91.4 91.2 98.4 90.5 87.5 88.8 92.1 91.8 90.1 85.9 86.2 86.3
Income Tax (Benefit) 7.4 7.9 9.4 9.4 9.2 8.8 4.6 5.2 4.5 5.3 5.7 4.1 2.6 3.3 2.9 3.7 3.4 4.3 1.4 3.8 5.9 5.0 3.5 3.5 4.5 5.9 5.7 5.5
Special Deductions - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Net Income (Loss) 5.7 4.0 3.6 4.4 4.9 4.1 5.5 4.7 5.3 6.2 4.9 3.3 4.2 3.6 4.9 4.6 5.2 4.5 0.3 5.7 6.6 6.2 4.4 4.7 5.4 8.3 8.0 8.2
Chevron                                                        
Revenues  100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
Cost of Sales  90.0 90.4 91.8 90.5 93.5 90.5 94.1 102.6 91.7 93.6 92.4 95.3 94.4 95.2 94.3 96.4 91.4 91.0 96.1 93.2 88.2 92.2 95.8 89.7 86.6 87.3 84.8 85.4
Income Tax (Benefit) 5.1 5.2 5.0 5.5 4.1 6.5 1.4 1.9 3.5 2.5 3.3 1.4 2.0 1.5 1.9 1.5 3.5 3.2 1.3 3.0 5.3 4.1 3.1 4.4 4.8 5.6 7.1 6.1
Special Deductions - - - - - - 5.7 - - - - - 0.8 - - - - - - - - 0.6 - - - - - -
Net Income (Loss) 4.9 4.4 3.2 4.0 2.4 3.0 -1.2 -4.5 4.8 3.9 4.3 3.3 2.9 3.3 3.8 2.1 5.2 5.8 2.6 3.8 6.5 3.1 1.1 6.0 8.6 7.1 8.2 8.5
Total Majors                                                        
Revenues  100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100
Cost of Sales  89.3 90.6 91.2 89.8 89.9 90.0 92.0 93.2 91.2 92.0 91.7 93.6 94.7 93.8 93.4 93.2 91.7 91.1 95.2 92.8 88.3 89.6 92.5 90.1 88.7 85.4 84.7 85.5
Income Tax (Benefit) 6.1 5.4 5.6 6.1 6.0 6.2 3.1 3.7 3.6 3.3 3.9 2.8 2.1 2.5 2.4 2.8 3.2 3.7 1.9 2.6 5.1 4.4 3.3 3.8 4.6 6.0 6.6 6.2
Special Deductions - - - - 0.1 0.3 1.9 - - - - 0.1 0.6 - 0.1 - - - - - - 0.1 - - - - - -
Net Income (Loss) 4.6 4.0 3.3 4.0 4.0 3.5 3.0 3.1 5.1 4.7 4.4 3.5 2.6 3.7 4.1 4.0 5.1 5.2 3.0 4.6 6.6 5.9 4.2 6.0 6.7 8.6 8.7 8.3
Note:Percentages may not add up to  100 due to independant rounding. Regarding the mergers, see note to table 77.
Source: Oil Company annual reports.