The ‘Have-Oils’ and the Have-Nots
Skyrocketing oil and natural gas prices in the second quarter of this year led ExxonMobil to report the highest profit ever by an American company. Despite falling production and rising operating costs, Exxon brought in $138 billion in revenue and reported an astounding net income of $11.7 billion. Who else is profiting?Skyrocketing oil and natural gas prices in the second quarter of this year led ExxonMobil to report the highest profit ever by an American company. Despite falling production and rising operating costs, Exxon brought in $138 billion in revenue and reported an astounding net income of $11.7 billion. Who else is profiting?
AS CHAOS UNFOLDS, FIND SOLID GROUND…In this time of unprecedented challenges, independent journalism is more vital than ever. At Truthdig, we expose what power wants hidden and give you the clarity to make sense of it all.
Your donation helps ensure that truth telling continues.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.