I am tired of handing over $60 to fill up my gas tank - which I normally cannot afford to do. I usually put in a $20 and barely have my gas hand read at 1/4 of a tank of gas! Seriously - do YOU people have to be THAT rich?
Check out this article from 2006 - five years ago - from ABC News. I can only imagine what profits they are seeing now!
While Americans were stung by historically high gas prices this fall, the world's biggest oil companies saw their profits skyrocket.
In October, ExxonMobil, the world's largest publicly traded oil company, announced net income of $9.9 billion for the most recent earnings quarter, eclipsing analyst expectations and dwarfing the $5.68 billion reported for the same quarter in 2004. It was the largest quarterly profit ever for a U.S. company.
ExxonMobil wasn't alone. Royal Dutch Shell saw profits grow 68 percent, to $9.03 billion. BP announced profits at 34 percent above 2004 levels, and ConocoPhillips saw revenue jump 43 percent.
And the trend continued into 2006. Today, ConocoPhillips surpassed expectations with $3.68 billion in fourth-quarter profits. And more sky-high earnings are expected through the end of this week, as the other big companies report.
The main reason for the soaring profits? High oil and gas prices.
Check out this article from 2006 - five years ago - from ABC News. I can only imagine what profits they are seeing now!
While Americans were stung by historically high gas prices this fall, the world's biggest oil companies saw their profits skyrocket.
In October, ExxonMobil, the world's largest publicly traded oil company, announced net income of $9.9 billion for the most recent earnings quarter, eclipsing analyst expectations and dwarfing the $5.68 billion reported for the same quarter in 2004. It was the largest quarterly profit ever for a U.S. company.
ExxonMobil wasn't alone. Royal Dutch Shell saw profits grow 68 percent, to $9.03 billion. BP announced profits at 34 percent above 2004 levels, and ConocoPhillips saw revenue jump 43 percent.
And the trend continued into 2006. Today, ConocoPhillips surpassed expectations with $3.68 billion in fourth-quarter profits. And more sky-high earnings are expected through the end of this week, as the other big companies report.
The main reason for the soaring profits? High oil and gas prices.
And keep in mind, those figures were quarterly figures so times it by four to get the yearly profits. **sighs in disgust**
I am frugal - I admit it - and even if I were rich (which I just see that NEVER happening), I would try to "help" others as well. I would want others to enjoy the things that I could enjoy too. I just wouldn't want it all for myself, especially while I sat back and watched others struggle.
Oil prices affect everyone - good or bad. So many people have cut down vacations and trips, while others are really living it up (from the profits) and going places that only we can dream about.
But, who am I to say anything? Well, I am a person that has to decide whether to buy gas or buy dinner. I am the person that tries to do right and help others whenever possible. I am that person that has a family to raise and all you care about raising is the cost of gas. I am a "nobody" to you when, in reality, I am one person helping you live the life of luxury that you are living due to your greed because I am paying these ridiculous prices for gas. (Stepping off of my soap-box now).
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