Screaming Profits for Big Oil

October 27, 2005 B. John 234 Views big companies, big oil, Congress, Corruption, gas, gas prices, giveaways, oil, profiteering, profits

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.

B. John

Records and Content Management consultant who enjoys good stories and good discussion. I have a great deal of interest in politics, religion, technology, gadgets, food and movies, but I enjoy most any topic. I grew up in Kings Mountain, a small N.C. town, graduated from Appalachian State University and have lived in Atlanta, Greensboro, Winston-Salem, Dayton and Tampa since then.