Quote:
Originally Posted by coralway
1st quarter oil profits
Chevron - $6.3B
Exxon - $5.5B
BP - $6.2B
Shell - $9.1B
Living is easy with eyes closed
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Company 2020 net income (crude oil averaged $42)
Exxon Mobil Corp. -$22 billion
Shell Oil Co./Motiva Enterprises LLC $5 billion
Chevron Corp. -$6 billion
BP North America -$6 billion
ConocoPhillips/Phillips 66 -$3 billion
TOTAL -$32 billion
I wonder what the price of a gallon of gas would be if we introduced price controls so that there was no profit left to explore and develop new oil sources.