[thackney]

I don’t see comparing “profit” of a nationalized oil company to the profit of private US companies meaningful.

They fund their government welfare systems, military, etc from their oil profit and must to exist as a nation.

We don’t.

[ckilmer]

I don’t see comparing “profit” of a nationalized oil company to the profit of private US companies meaningful.
..............
I understand this however, even a nationalized oil company has to pay their bills. The problem comes in discovering their true costs of production because they virtually unlimited ways of hiding their true costs.