Big Oil Companies Report Record $51.5 Billion in Profits in Q2

reported $51.5 billion in profits during their Q2 earnings calls.

Three of the top earners — Exxon, Shell and Chevron — grossed a record $46 billion in collective profits while the average price for a gallon of gas hit an all-time high of $5.01 in the U.S. The eight companieswhen compared to the same time period last year, according to a report from . The analysis also found that"wealthy shareholders" received $10.5 billion in dividends last quarter.that these oil companies exalted their"excellent quarters while

guardian FoxBusiness WSJ So what…their a business, that’s what businesses do, they provide a service and make profits.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil companies Exxon, Chevron, Shell rake in unprecedented profits | AutoblogOil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities. How about you include the oil company net profit margins in you 'record profit' reporting. When revenue almost doubles does it not make sense that profit dollars might also? Most oil company profits historically hover around 10%, hardly a record.
Source: therealautoblog - 🏆 528. / 51 Read more »