The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Oil company profits soar

Aug 29, 2005

The giant oil companies just announced record profits for 2004. ExxonMobil, the biggest oil company in the world, had after-tax profits of 26 billion dollars last year on its ongoing operations, up 52% from 2003. ChevronTexaco had 13 billion dollars in profits, up 85% from a year ago. And Shell Oil had profits of 19 billion dollars, up 48% from 2003.

That $3 per gallon of gas and those $400 a month heating bills? Right from our pockets to theirs!