Tuesday, May 06, 2008

Wonder where it all goes?

So on the way to work this morning, the Lukoil station had premium at $3.99, the highest I've ever seen it. It cost me over $60 to fill up the Maxima's gas tank. Those fill-ups sure add up don't they! So, just in case you were curious as to where your $3.99/gallon is ending up, here are the most recent quarterly profits for the four major oil companies that do business in the US: Note, these are quarterly numbers, not annual, and these are profit numbers, meaning after all expenses:

Chevron- $5.1Billion
BP- $7.6B
Shell- $9B
ExxonMobil- $11.6B!!!!!

ExxonMobil made $11.6 billion dollars in the past three months! Holy fuck! In fact, it actually set the record for largest quarterly profit for any company ever! This broke the record set last year by- are you ready?- themselves!

So next time you're filling up your tank, realize that the oil companies are growing ever fatter on your dime. Realize that it's just going to get worse as they keep raising prices to make more money. And then think of what you may be able to do to change that.