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July 26, 2007
Oil Companies Still Making Billions
July 26th 2007 - Earnings released: Exxon's earnings eased a bit, about 1%, due to rising costs and lower output, but the company still posted a $10.26 billion quarter profit. Shell's net climbed 18% to $8.67 billion on the quarter.
Posted by Post Scripts at July 26, 2007 05:10 PM
Comments
What great news...now if our congress would do what's right for America, instead of the sky is falling fringe, and allow new refineries and drilling they could put those profits to good use. Energy independence would be nice as would lower gas prices. At least investors' retirement plans are benefiting.
Posted by: Tina at July 26, 2007 09:04 PM
I think this gasoline thing is only going to get worse..better buy some oil stock, I did!
Posted by: Jack at July 31, 2007 05:18 PM