Revenue in the quarter rose 30 percent to $116.64 billion. For the year,Aren't they claiming that the price of gas has to be so high because they aren't making money with the price of a barrel of oil being so high?
the company pulled in $404.55 billion, slightly larger than the 2006 gross
domestic product of Turkey, the world's 17th largest economy.
The company's full-year earnings of $40.61 billion set a new record for
U.S. profits -- beating out its own previous mark for 2006.
Now if I read that right, they made 40 billion in profits! They have made more profits than a U.S. company ever has. And I don't mean to imply that I don't think they should make a profit, that's what they are in business for. But the cost of gas keeps going up and up.
Does anyone really think that a gallon of gas will ever go below two dollars a gallon again? Or even two-fifty?
2 comments:
They will keep raising the price as long as we continue to pay.
From the dossier headlined "It's a Small World, After All:"
Australian consumer-protection agencies have been raising questions about gas-price spikes by the four major oil companies there (as in BP, Mobil, Ampol/Caltex and Shell) timed to coincide with major holidays--most recently, the Christmas/New Year's and Australia Day such.
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