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Comments on Analysis
Big Oil rakes in huge profits, again
Posted Aug 7, 2013
Daniel J. Weiss Center for American Progress
It was quite a week for Big Oil. The big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Shell—reported their second-quarter 2013 profits last week, which were a combined $19.5 billion. That comes out to $145,000 in profit per minute—more than 88 percent of American households earn in an entire year.
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