04-25-2006, 01:43 AM
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#1 (permalink)
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Join Date: Jan 2005
Location: USA
Posts: 563
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Wanna guess how much 2005 profit was made by just three Big Oil Companies?
Exxon's profit for the year was also the largest annual reported net income in U.S. history, according to Howard Silverblatt, a stock market analyst for Standard & Poor's. He said the previous high was Exxon's $25.3 billion profit in 2004.
Exxon's results lifted the combined 2005 profits for the country's three largest integrated oil companies to more than $63 billion.
ConocoPhillips said last Wednesday that its fourth-quarter earnings rose 51 percent to $3.68 billion, while annual income climbed 66 percent to $13.53 billion. Two days later, Chevron Corp. said its fourth-quarter earnings rose 20 percent to $4.14 billion, while annual income jumped 6 percent to $14.1 billion.
63 Billion in profits and that is just three of the oil companies, Exxon, ConocoPhillips and Chevron. Add in all the other Big Oil Companies and I bet we are looking at close to 175 Billion dollars of profit for Big Oil in 2005.
Now where I come from that is a lot of money!
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2005 Dodge 3500 DRW
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