The Spark

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

Oil Companies:
Overflowing with Profits

Nov 22, 2010

Exxon, the world’s biggest oil company, had 7.4 billion dollars in profits just for the last three months. Chevron had 3.8 billion dollars. Shell was in third place with only 3.5 billion dollars in profits.

BP’s accounts have been weighed down by the drilling platform catastrophe in the Gulf of Mexico. It put aside 40 billion dollars, of which 12 billion was already spent. But don’t cry for BP – it still made 1.8 billion dollars in profits for the last three months.

The oil companies are floating in an ocean of profits.