oil companies with record profits
wikinews - Houston (USA), 01.02.2008 - The oil companies Exxon Mobil, Chevron and Shell, achieved record profits in 2007.
ExxonMobil recorded in 2007 a profit of 40.6 billion U.S. dollars (27.4 billion euros) on revenue of 404.6 billion U.S. dollars (273.2 billion euros).
Chevron last year achieved a profit of 18.7 billion U.S. dollars (12.6 billion euros) on revenue of 220.9 billion U.S. dollars (149 billion euros).
The largest European oil company Royal Dutch Shell has recorded a profit of 31.3 billion U.S. dollars (21.1 billion euros) on sales of 356 billion U.S. dollars (240.4 billion euros).
The profits of oil companies in particular bubbled because of the high oil price, which had increased from an average of 60 U.S. dollars in 2006 to over 90 U.S. dollars per barrel in 2007. The refinery business brought all oil companies declining profits.
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