Big Oil Financials – 3 Companies making $271 Million per day

2011, 1st quarter financials are in. Gas is near or over $4.00 per gallon. Royal Dutch Shell reports earnings of $6.9 Billion. That’s about $76 Million per day. How about our old friend Exxon? $10.65 Billion, or $117 Million per day. Read that again. Exxon Mobil is profiting $117 million dollars a day. Finally, how is the beleaguered BP? With the recovery expenses of the oil spill we would expect to see the company in some trouble. The fact is, their profit was $7.124 Billion in the 1st quarter. Poor BP – they’re only earning $78 Million a day. Must be a real drag.

What’s it add up to? These 3 companies alone are raking in over $271 Million a day in profit, and we’re expected to pay $5.00 per gallon of gas by mid-summer.

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Growing up the eldest son of a genuine horse trader (my Mom), I’ve accumulated a wealth of stories surrounding horses and horse people. Some are funny (at least in retrospect), and some are touching or poignant. Some of these stories are even true. Well, mostly true. Some of the names have been changed to protect the guilty, and to compensate for my failing memory. I certainly wouldn’t guarantee the historical accuracy of anything I say or write. Oh yeah - I'm also an IT Consultant, and sometimes I write articles about technology, current events, and anything else I take a notion to.
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