2nd Qtr. Oil Profits Shatter Records - Exxon $11.68 Billion; Shell $11.6Quicklink submitted by Amanda Lang Permalink
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|That is just THREE months profit Remeber the Supreme Court reduced the jury settlement for Valdez spill to screw industries damaged by the accident as being excessive. Excluding an aftertax charge of $290 million related to an Exxon Valdez court settlement, earnings amounted to $11.97 billion, or $2.27 per share. WHAT IS EXCESSIVE ARE THESE PROFITS!|
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