Exxon Dethrones Wal-Mart on Fortune 500
Why your gas costs so much.
[...]
Other oil producers also rose in the rankings, boosted by crude prices that topped $70 a barrel and gasoline prices that surpassed $3 a gallon after hurricanes battered the Gulf Coast.
Both ChevronTexaco Corp. and ConocoPhillips saw their revenues jump in 2005, increasing by 28 percent and 37 percent, respectively. Chevron climbed two spots to No. 4, while Conoco edged up to No. 6 from No. 7 last year.
[...]
My brain can't quite wrap around how a lack of supply created by Hurricane Katrina, less than a year ago, contributed to such massive increases in profit?
[...]
Other oil producers also rose in the rankings, boosted by crude prices that topped $70 a barrel and gasoline prices that surpassed $3 a gallon after hurricanes battered the Gulf Coast.
Both ChevronTexaco Corp. and ConocoPhillips saw their revenues jump in 2005, increasing by 28 percent and 37 percent, respectively. Chevron climbed two spots to No. 4, while Conoco edged up to No. 6 from No. 7 last year.
[...]
My brain can't quite wrap around how a lack of supply created by Hurricane Katrina, less than a year ago, contributed to such massive increases in profit?
posted by TheFuriousGourmet | 4:38 PM
0 Comments:
Post a Comment
<< Home