Chevron Reports a 22% Yearly Profit Increase

Chevron Corp's record 2006 profit of $17.14 billion was 22% higher than its record of 2005, overwhelming its slight drop in the 4th quarter and more than triple the 9% yearly profit increase of Exxon and larger than other oil companies' as well.

The nonprofit, nonpartisan FTCR noted that Chevron's 11% profit decline in the company's US gasoline refining and marketing profits in the fall 4th quarter, widely suspected to be a deliberate profit restriction to reduce gasoline prices in advance of the November election, was offset by a 44% increase in international profits from refining. This adds to indirect evidence that the U.S. refining profit drop was voluntary in an attempt to quell popular anger at a time when high gas prices had become a key political issue and California voters were considering Proposition 87 to force oil companies to pay for alternative fuel development.

Category:

News & Politics

Tags:

• Gas
• Prices
• Chevron
• FTCR
• Gouging
• Oil
• Profit

[sneakers55]

Tired old Bald Socialist.

[JakeEvilclown]

"they are your freaking business partners u fucking idiots!!" Business partners who will rod and steal every dime you have to make record proffits in the billions while the world economy is going down the toilet.Keep sucking for that oil.

[sshapewa]

stop blaming oil companies u motherfucking asses!!if u want alternative energy,form a fucking organization and develop your own re-newable energy facilities!!oil companies are not your mothers,they are your freaking business partners u fucking idiots!!

[bloodzsjc]

YA Know i have a rather large headache so i agree with ya and uh i elect you for the GOW Preident Postion. Earl James Hornswoggle.

[bloodzsjc]

Oh sit down Bubba Jones jr and eat a bean burrito k? You don't know what your talking about you just saying abunch of caca to sound all smart. Bank of america excutive James e. Winston

[jgdlude]

Join Scientology, it will help eliminate these type of evil people!

[joerossi43]

I can't stop.

Jamie, if you were every "State official", every congressman and the president all at the same time(meaning you had absolute control of the USA, and the USA only) what would you do? Since you are obviously so concerned about the price at the pump, it damn sure sounds like you would take over the evil energy companies. After a few years when no American can afford energy you would have to blame the oil rich countries.......... or drill here, so you don't "rob the motorists blind"

[joerossi43]

Does this A-hole deserve to profit. It doesn't seem fair that he is profiting more than I am, when I am a human too. I deserve his income because I am a person. Quit bitching, Jamie, pay me, you owe it to me.

[joerossi43]

Like Howard Stern says, if you don't like the product don't consume it........ Grow your own bio-fuel like you want me to.

[joerossi43]

So, when You or I earn or aquire a huge amount of money, it should be shared with all people? Well I guess that would be another reason not play the State lottery, build a business, work hard or inherit. Fair is fair. With a mindset like that, you will continue to only have food, clothes climate controlled home, Internet ,Cable/Satellite TV, cell phone, automobile, climate controlled home, and a hobby. You will never have any of the luxuries in life the evil or lucky richer people have.