Together, the Big Five oil companies:
- Recorded $36 billion in profits in the second quarter of this year.
- Repurchased
- nearly $10 billion worth of their own stock in the second quarter alone, thereby boosting the value of remaining shares.
- Distributed more than $7 billion in dividend payments to their investors in the second quarter.
- Paid their executives a total of nearly $220 million in 2010.
- Despite generating $546 billion in profits between 2005 and 2010, ExxonMobil, Chevron, Shell, and BP combined to reduce their U.S. workforce by 11,200 employees over that time.
- Just in 2010 alone, the big 5 oil companies reduced their global workforce by a combined 4,400 employees, while making a combined $73 billion in profits.
1 comment:
DISGUSTING that congress still seems to think giving the oil industry subsidies, and tax refunds even though they dont pay taxes, is the RIGHT thing to do!
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