Who's Still Profiting? Exxon, Chevron Top Estimates

by Benjamin Domenech on 11:50 pm January 30, 2009

The new POTUS thinks the large oil companies are making evil profits. Actually, they’re down about a third in the fourth quarter. What “integrated majors” like Exxon and Chevron lose in crude-oil profits as prices fall, they partly make up on the refining and marketing side, as costs fall.

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