Shell oil hits 25% 1st quarter profit increase

One of the big oil companies have struck it rich again!!!!!!!! This time Shell oil has netted a massive 25% 1st quarter profit sending it's PROFIT to 9.08 BILLION up from 7.28 billion with a 55% sales increase to the tone of 144 BILLION dollars.....And the kicker here is the CEO of the company is acting as if he has no earthly idea why oil is doing so well?????? We are getting screwed all the way to the proctologist and back... At some point someone is going to decide to go postal on these oil CEO's. It is just sad that they have just about causes everyone in the world to feel the pinch of their greed.


news.yahoo.com...

[edit on 29-4-2008 by tsloan]

Exxon did a little bit better in the 1st quarter, earning 10.9 billion!

Record profits? What you don't hear about is the record amount of taxes paid. Exxon in the 1st quarter paid a record 29.3 billion dollars in taxes.

Why aren't we talking about this record?

That's right Exxon paid $3 in taxes for every $1 earned in profit.

Who's getting the windfall from this?

It's all right here....

mjperry.blogspot.com...

Hey spin master.....Once again TURN OFF RUSH FOR 5 MINUTES AND LOOK AT THE REAL WORLD AROUND YOUR CONSERVATIVE BUBBLE. Yes Exxon pays $3 dollars in tax to every $1 in profit...But that $3 dollar in tax is re-embursed to Exxon thanks to a law that was post in 1975....So in the real world that the rest of us live in that $3 in tax is really only .$22.347 percent..which means that exxon pays less than .25 to every $4 dollars in profit they make....


www.ll.georgetown.edu...

Jordan fades back and shoots and once again SCHOOLS!!!!!