Article
Exxon Mobil, the world’s largest publicly traded oil company, reported on Thursday that second-quarter income rose 14 percent, to $11.68 billion, the highest-ever for an American company.
Nice. Everyone's complaining about high gas prices at the pumps and your profit is going through the roof.
Shell’s profit rose to $11.56 billion from $8.67 billion in the period a year ago. BP reported a 28 percent increase in profit earlier this week and the Italian oil company Eni said on Thursday that profit in the second quarter rose 52 percent.
Ah , capitalism at it's finest. Price of oil goes up ? We'll tack on a little extra for ourselves and make a bad situation worse. Price of oil goes down ? Well it takes 18 months to work it's way through the system ... oh in 18 months other things came up so we never really drop the price. Ever.
Record profits again ! Gotta love it !
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment