Gomex wrote:-
"but I beg to ask one question? Have any oil companies lost any money? Anywhere?"
actually yes - every week right now there are companies "conducting strategic reviews" (= we're for sale), currently several are merging and others are are on the block
you probably have never heard of them but they can still be big outfits - right now most oil companies are trading on the Stock market below their supposed asset value - and that is at $ 100 a barrel oil!!!
One thing about oil companies tho' - when they decide to cut costs they CUT - right to the bone, and very very quickly