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!