The kind of thought that warms you up as you watch that gas pump take the money in your wallet, Americans:
"Profit up 17% at BP despite spill cost
Bolstered by soaring crude oil prices, BP reported a 17 percent increase in first-quarter profits and sought to persuade investors that it was coping with the costs of the massive oil spill in the Gulf of Mexico last year....
The company is managing the impact of the spill and will survive with many lucrative assets intact....
BP still had $2.4 billion in free cash flow....
How is your free cash flow, readers?
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Related: BP firm to pay $25m for Alaska spill
A drop in the barrel.
"Profits skyrocket at Exxon and Shell" April 29, 2011|By Julia Werdigier, New York Times
LONDON — Exxon Mobil and Royal Dutch Shell reported hefty increases in their first-quarter profit yesterday....
Maybe they could LOWER THEIR PRICES THEN!
Exxon Mobil, the largest US oil company, said net income rose to $10.7 billion....
Royal Dutch Shell, Europe’s biggest oil company, said profit rose to $6.3 billion....
Shell’s chief executive, Peter Voser, has been cutting costs and selling assets to make the company more profitable. Earlier this year, he said he would continue to reduce costs by another $1 billion and at the same time increase output by investing in new projects, including in Qatar....
Exxon’s and Shell’s earnings outshone those of rivals BP and ConocoPhillips, which reported figures Wednesday. BP reported a drop in first-quarter earnings because of costs linked to the Gulf of Mexico oil spill, and ConocoPhillips missed some analysts’ expectations because of a decline in production....
Wow, WHAT a LIE!!!!!!!!
Looks like the old AmeriKan newspaper is helping to shove that gas pump nozzle up your ass, American.
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Related: GM posts $4.7b profit, its first since ’04
Citing oil's cost, GM raises prices
Un-flipping-real!
Just call 'em the GM GOUGERS!
