• rjthyen@lemm.ee
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    1 year ago

    I think they are estimating profit of 10-13 billion this year unless that figure was revenue. 500 and 47 million aren’t even that relevant

    • Unaware7013@kbin.social
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      1 year ago

      That’s still like a 5% hit in just a few months. That’s going to increase the longer this goes on, and its going to accelerate as they start to run out of projects at the end of the pipelines.

    • Resonosity@lemmy.ca
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      1 year ago

      $500m out of a $10b profit is 5% loss. It it gets up to $1b out of $10b, then that’s a 10% loss. I’m not sure you can say that’s not irrelevant. These businesses are losing tons of money.

      • rjthyen@lemm.ee
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        1 year ago

        It’s more of a comment on the production companies saying they came afford to meet strikers’ demands yet can report numbers like that to their shareholders.