While we’re paying more to fill up, the three largest publicly traded oil companies based in the United States have been raking in the profits.
Three companies, ExxonMobil, Chevron and ConocoPhillips, made $58.3 billion in profits in 2010! (after all expenses).
ExxonMobil: $30.5 billion, up $11 billion from 2009.
Chevron: $19 billion, up from $10.5 billion in 2009.
ConocoPhillips: $8.8 billion, up from $4.9 billion in 2009.
Read more: http://technorati.com/business/article/as-gas-prices-rise-oil-companies/#ixzz1Fv5xZeUC
I hope you all have stock in these companies. As for me, once winter is over, if it ever is in Upstate NY, I will be biking home from work 2x/week and hopefully running home another day.
Here's a question; Why does Kwik-Fill, which likes to advertise itself as an American Gas Company, charge as much as companies using "foreign" oil? Shouldn't their prices be lower?
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