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High Oil Prices, Huge Profits For Oil Companies

Higher Gas Prices, Higher Profits For Oil Companies

Posted Oct 27, 2005 by Vidisha Priyanka

Updated Dec 26, 2005 at 08:44 PM

Exxon Mobil Corp., the world’s largest publicly traded oil company, set an industry record with a third-quarter net profit of almost $10 billion. Its quarterly revenue of more than $100 billion was greater than the annual gross domestic product of some of the largest oil-producing nations. Royal Dutch Shell also posted its best results ever.

As you pay some of the highest prices ever for gasoline at the pumps, do you have a message you want to send to these oil companies?

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