Screaming Profits for Big Oil

 Corruption, Crime, General, Politics, Society  Comments Off on Screaming Profits for Big Oil
Oct 272005
 

While you and I are cringing with every stop at a filling station, the big oil companies are raking in the big bucks.

Hooray for Big Oil! Shell only delivered a 68% rise in net profits but yes, they’re still getting by and making ends meet. Thankfully the GOP is there to support them during their time of need.

Exxon Mobil Corp., the world’s largest publicly traded oil company, on Thursday said quarterly profit surged 75 percent to nearly $10 billion, raking in a bonanza from record oil prices. The profit was the highest in the company’s history, surpassing the record it set in the 2004 fourth quarter. Revenue jumped 32 percent to just over $100 billion.