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Posted on April 28, 2011 | tags

 
 

Biz: ExxonMobil, Shell making a crapload of money off high oil prices

  • 69% quarterly profit increase for ExxonMobil source
  • » And yet you’re paying $4 a gallon for gas: The world’s most iconic oil company scored $10.65 billion in profits for the quarter, which is at least in part due to the fact that oil is currently over $100 a barrel. While the company had other factors in play, other companies are getting same the oil-price bump: Shell, for example, had a 30 percent leap in profits. Maybe we’re crazy here or something, but … isn’t there a point where you hand these profits down to the consumer? You can afford it.
 
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