They’re making record profits, but oil companies still won’t ‘drill, baby, drill’
via wsj.com
Short excerpt below. Read at the original source.
Over the last two weeks, oil companies have announced eye-popping profits from the spring quarter. Exxon Mobil pulled in $14.5 billion. Chevron landed $12 billion, its highest quarterly profit on record. Shell posted $9.8 billion — more than twice its earnings from the same time last year. These profits are largely a product of supply […]