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Exxon, Chevron Made $71 Billion Profit In 2012 As Consumers Paid Record Gas Prices
02-02-2013, 06:02 PM
Post: #1
Exxon, Chevron Made $71 Billion Profit In 2012 As Consumers Paid Record Gas Prices
http://thinkprogress.org/climate/2013/02...12-profit/

Quote:While 2012 might not be a banner year for Big Oil profits, it wasn’t a bad one either. With just BP left to announce 2012 earnings, Big Oil earned well over $100 billion in profits last year, while the companies benefit from continued taxpayer subsidies. Average gas prices also hit a record high last year, showing how a drilling boom may help oil companies’ profit margins, but not consumers’ wallets.

ExxonMobil — now the most valuable company in the world, passing Apple — earned $45 billion profit in 2012, a 9 percent jump over 2011. Meanwhile, Chevron earned $26.2 billion for the year. In the final three months of the year, the companies earned $9.95 billion and $7.2 billion respectively.

Obama is absolutely right to build more high speed rail and call for ending oil subsidies. We're getting scammed by these people. We need to get off ALL oil, not just foreign oil.
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02-02-2013, 11:48 PM
Post: #2
RE: Exxon, Chevron Made $71 Billion Profit In 2012 As Consumers Paid Record Gas Prices
Nah, the $445 million to fund Big Bird is the culprit.
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