Andre Morris

« And a fitting follow-upWhen will you get your 2008 IRS rebate check? »

3 months, 37 Billion Dollars in Profit

05/02/08

  12:27:11 pm, by Andre Morris   , 110 words  
Categories: Mush

3 months, 37 Billion Dollars in Profit

Link: http://biz.yahoo.com/ap/080502/earns_chevron.html?.v=9

Gas PricesIn the first 3 months of 2008 (the first quarter, January throughd March), the top five oil companies -- Exxon Mobil Corp., ConocoPhillips, BP PLC, Chevron and Royal Dutch Shell PLC collectively earned $36.9 billion in profit. That is a 25 percent increase from last year. http://biz.yahoo.com/ap/080502/earns_chevron.html?.v=9

If the trend continues over the next 3 quarters, that will be 160 billion dollars in profit earned for 2008.

The population of the United States is only 303,824,646. (Source) Doing the math, that's $526 in profit that 5 oil companies made in a single year for every single man, woman and child in the United States!

Does anyone else agree that it's time for regulation?

No feedback yet

October 2018
Mon Tue Wed Thu Fri Sat Sun
 << <   > >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31        
powered by b2evolution