Earnings by Industry

Profit margins provide one useful way to compare financial performance among industries of all sizes.

Oil and natural gas earnings are typically in line with the average of other major U.S. manufacturing industries, but not recently.

The latest published data for the second quarter of 2015 shows the oil and natural gas industry lost 10.8 cent for every dollar of sales in comparison with all manufacturing which earned 8.9 cents for every dollar of sales.

Growth in the world’s supply of crude oil has outpaced the growth in global demand, which has led to sharply lower prices, and lower earnings.