Big Oil’s Scary Haul: $100 Billion And Counting

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"Big Oil’s Scary Haul: $100 Billion And Counting"

The combined profits of the Big Five oil companies — ExxonMobil, Shell, BP, ConocoPhillips, and Chevron — has already exceeded $100 billion this year. Tabulated by Oil Change International’s Ross Hammond, the profits from the first three quarters of 2011 are a combined $102.85 billion, much of it plowed into stock buybacks and outrageous executive compensation, taken at the gas pump from hardworking American families. The Big Five are on track to rake in more than $140 billion over the year, as they benefit from billions of dollars of government subsidies.

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