(Photo of pump prices in May from Flickr and and futureatlas.com)
Washington Report 2: While drivers were paying high prices at the gas pump over the past few months, oil companies were raking in profits. The major oil companies all announced record 2nd-quarter profits in the past week:
• Exxon Mobil: $11,680,000,000
• Shell: $11,600,000,000
• BP: $9,460,000,000
• Chevron: $5,980,000,000
• ConocoPhillips: $5,439,000,000
And that’s just for 3 months. All those zeros kind of take you aback, don’t they? (Source: Greenwire)
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