Monday, April 28, 2008

Oil companies make record profits while prices keep rising

On January 31, 2008, oil giant Exxon Mobil Corp. posted its 2007 annual profit. It was the largest ever by a U.S. company, $39.5 billion. The U.S.'s second largest oil company, Chevron, had its most profitable year ever in 2007, making $18.7 billion. In 2007, ConocoPhillips, the U.S.'s third largest oil company, recorded its most profitable year ev

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