Jul 27 2006
While Big Oil Feasts, Americans Are Getting Fleeced
Good things Republicans supported those tax breaks for big oil companies… otherwise they might not be able to stay afloat on $40 billion in profits a year.
Exxon Mobil Corp. said Thursday it earned $10.36 billion in the second quarter, the second largest quarterly profit ever recorded by a publicly traded U.S. company.
The earnings figure was 36 percent above the profit it reported a year ago. High oil prices helped boost the company’s revenue by 12 percent to a level just short of a quarterly record. - AP
Regular unleaded gas in Milwaukee this morning is $3.20/gallon by the way.
