Big Oil Stunning Gains
Monday, July 30, 2007 - FreeMarketNews.com
Even though ExxonMobil's profits for the second quarter fell 1 percent from a year ago, the oil giant still posted a net income of $10.26 billion for the second quarter, the fourth largest quarterly profit ever recorded by a publicly traded U.S. company, according to The Associated Press.Not to be outdone, Shell made $7.6 billion in the second quarter, an increase of 20 percent this year, according to The Guardian. This means Shell made a little over $3 million per hour during the second quarter. Chevron's net income for the second quarter rose by 24 percent to $5.4 billion, up $1 billion from a year earlier, according to MarketWatch. The company benefited from a $680 million profit from selling its stake in Dynegy, a Houston energy company. Staff Reports - Free-Market News Network
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment