And that’s saying something!
Exxon Mobil and Royal Dutch Shell today reported first-quarter profit increases of 69 percent and 30 percent, respectively, from the same period last year. With rising gas and oil prices, analysts expected the five biggest oil companies — with Exxon as the largest — to report that they are swimming in revenue.
Exxon earned $10.7 billion in the first quarter, up from $6.3 billion. Shell announced profit of $6.3 billion in the first quarter this year, up from $4.8 billion.
BP and ConocoPhillips announced their first quarter earnings Wednesday, in a week when the biggest oil companies have begun to release their 2011 profits. The “Big Five” oil companies include BP, Chevron, Conoco Phillips, Exxon Mobil and Shell.
ConocoPhillips said its first quarter earnings increased 43 percent to $3 billion from $2.1 billion in the same period last year. BP’s first quarter earnings dipped this year — $5.48 billion compared with $5.60 billion during the first quarter a year ago — including a charge of $384 million related to the oil spill in the Gulf of Mexico.
Oh and the best part? Taxpayer money is used to subsidize them! That’s right- you’re paying them at the pump and you’re paying them with tax money. Makes you feel special (and stupid and used and idiotic for sending the same politicians who enact these policies back to Washington, or at least it should make you feel stupid and used and idiotic if you do that).
The truth is, if they wanted to, they could cut prices right now and still make a huge profit. But they don’t care about the consumer or the economy, they only care about lining their own pockets. Their lack of concern for the poor, who are hardest hit by their idiotic profits, is proof of their unrighteousness.
I honestly hope I live long enough to see the end of oil and the destruction of these greedy companies. May they rot in the hell prepared for such self interested satan worshipers.