Chevron Earnings Soar 49 Percent to $4B - WTF?

[johnnie]

"SAN RAMON, Calif. - Chevron Corp.'s first-quarter profit soared 49 percent to $4 billion, joining the procession of U.S. oil companies to report colossal earnings as lawmakers consider ways to pacify motorists agitated about rising gas prices.

Chevron released its results Friday after two of its biggest rivals, ConocoPhillips and Exxon Mobil Corp., already provoked public outrage with similarly large first-quarter profits. Combined, the three oil companies earned $15.7 billion during the three months of the year."

More:
http://news.yahoo.com/s/ap/20060428/ap_on_bi_ge/earns_chevron_2


This shit is obscene. I know people might be sick of hearing about this shit, but I can't get over that they can get away with this.

[MikeNearMcChord]

1. But Hey! Neil Cavuto says that's capitalism!

I wonder if the next quarter earnings, which should be around the start of campaign season, will be even higher?

[The2ndWheel]

4. That is capitalism

Capitalize on a given situation, regardless of the consequences. You want something, take it if you have the will to do it. Endless competition has only one outcome; one winner.

[mike_c]

2. while the first quarter rise in crude oil prices was only 14 percent...

...according to the San Francisco Chronicle yesterday. Pigs.

[jsamuel]

3. Stop blaming the oil companies!!!11!!!11 I'm Series!!11

:sarcasm:

[rurallib]

5. Can't wait for my $100 rebate so I can buy a tank of gas!

Dumbest fucking idea ever. How stupid does the repressive party think we are? That is just an insult to anyone.