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News Story
5/3/2008
Posted by Consumer Watchdog
The same high oil prices that are taking a bite out of the economy brought Chevron Corp. its biggest first-quarter profit ever, a $5.17 billion record that will likely add to the public outcry over fuel costs. San Ramon's Chevron reported Friday that its profit jumped nearly 10 percent compared with the same period last year, driven higher by...
News Story
5/2/2008
Posted by Consumer Watchdog
SAN RAMON, CA -- Astounding profits in the oil industry are becoming as routine as the anguished looks of motorists filling up their gas tanks. Chevron Corp. put yet another exclamation point on the oil patch's long run of prosperity Friday with a first-quarter profit of $5.17 billion, or $2.48 per share. That was up 10 percent from net income of...
News Story
5/2/2008
Posted by Consumer Watchdog
Prices at the Pump Aren't Keeping Pace with Rising Oil Houston-based ExxonMobil, the No.1 publicly traded oil company in the world, rode record crude oil prices to $10.9 billion in first-quarter earnings Thursday, despite lower production of oil. ExxonMobil's 17% increase in quarterly earnings from a year ago continues a string of eye-popping...
News Release
5/2/2008
Posted by Consumer Watchdog
Consumer Group Cites “Oil Profits Monster” database; Calls On President Bush, Congress To Act On Oil Prices Santa Monica, CA -- Chevron today posted record first-quarter profits of $5.17 billion while Californians struggled with soaring gas prices climbing over $4 a gallon. Consumer Watchdog condemned the company’s profiteering...
News Release
5/1/2008
Posted by Consumer Watchdog
Bush, Congress Avoid Real Solutions; Stance Is Inexcusable as Pump Price Soars, Says Consumer Group Santa Monica, CA — Record first-quarter profits, up a staggering 17 percent to $10.89 billion reported today by ExxonMobil, the world’s largest oil company, came as the result of crude oil profits driven by unregulated speculative...
News Story
4/30/2008
Posted by Consumer Watchdog
Rising fuel prices are rattling a lot of people who want action, fast. Sen. Dick Durbin (D-IL) has sent a letter to the Chairman of the Federal Trade Commission (FTC), asking for an investigation into the recent spike in diesel and jet fuel prices. A consumer group -- Consumer Watchdog -- is lambasting President Bush for not taking action to...
News Release
4/29/2008
Posted by Consumer Watchdog
Government’s ‘Business as Usual’ Stance Is Inexcusable as Pump Price Soars, Says Consumer Group Santa Monica, CA -- The first-quarter record profits reported today by oil giants BP and Shell came almost entirely on crude oil profits driven by speculative trading, said Consumer Watchdog. Spiraling gasoline and diesel prices have...
News Release
4/24/2008
Posted by Consumer Watchdog
Analyst Predicts Over $4 a Gallon Nationally, Up To $5 in California Conoco Phillips’ CEO all but apologized for his company’s 1st quarter profits today, even though the $3.29 billion total was a record for the quarter, and the company’s profit on oil exploration and production alone reached an all-time quarterly high of $2.55...
News Release
4/24/2008
Posted by Consumer Watchdog
Analyst Predicts Over $4 a Gallon Nationally, Up To $5 in California Conoco Phillips’ CEO all but apologized for his company’s 1st quarter profits today, even though the $3.29 billion total was a record for the quarter, and the company’s profit on oil exploration and production alone reached an all-time quarterly high of $2.55...
News Release
4/21/2008
Posted by Consumer Watchdog
Consumers, Economy Are Buckling Under Gasoline and Diesel Price Records As Government Stays Mum The 16-cent national rise in gasoline prices over two weeks, to more than $3.50 a gallon on average, is busting family budgets and threatening a further downward spiral in the economy, said Consumer Watchdog. The price crisis is far worse than it was...