Here sharon...I am not going to go google and find tons of articles on their profits AGAIN...ive done that more than a couple of times on here and Im just not doing it again...Sorry...I should have explained that to you in the first post.. but here this is just one...and Im not posting anymore...
Just because they tell you something doesnt mean its true sharon...theres tons of other sources out there...you need to read many of them to be able to make an honest judgement.
When we had the last Oil shortage and the prices went through the roof.
Big Oil’s Banner Year
Higher Prices, Record Profits, Less Oil
General economic theory holds that companies will produce more of a good if its price is higher, or if it receives subsidies. Funny that these rules didn’t seem to apply to Big Oil in 2011, when the highest oil price since 1864 and $2 billion in subsidies to the five largest oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell—yielded lower oil production than in 2010. But these five oil companies combined made a record-high $137 billion in profits in 2011—up 75 percent from 2010—and have made more than $1 trillion in profits from 2001 through 2011.[1] This exceeds the previous record of $136 billion in profits in 2008.
Big Oil
Oil: Exxon Chairman's $400 Million Parachute
Soaring gas prices are squeezing most Americans at the pump, but at least one man isn't complaining.
Last year, Exxon made the biggest profit of any company ever, $36 billion, and its retiring chairman appears to be reaping the benefits.
Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes.
Last November, when he was still chairman of Exxon, Raymond told Congress that gas prices were high because of global supply and demand.
"We're all in this together, everywhere in the world," he testified.
Oil: Exxon Chairman's $400 Million Parachute - ABC News
This is a company that needs "TAXPAYER SUBSIDIES" to give 400 million retirements to their pig at the trough....NO MAN IS WORTH THAT....