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WHAT 5 OIL COMPANIES DID W/ $375/MIL A DAY PROFITS
posted at July 25, 2012 4:14 PM EDT
First: February 29, 2008
Last: May 17, 2013
The Big Five oil companies – BP, Chevron, ConocoPhillips, ExxonMobil and Shell – all of which rank in the top 10 of the “Fortune 500 Global Ranking,” to reveal billions of dollars more in profits, after earning $375 million in profits per day in 2011 ($261,000 per minute), and $368 million per day in the first three-months of 2012 — bringing their combined profits to $1 trillion from 2001 through 2011.
Fueled by Koch Industries and other Big Oil interests, the industry is spending hundreds of millions to fund false ads in this year’s elections. According to the Annenberg Public Policy Center, 85 percent of the dollars have funded false ad, during a season where most advertising have focused on energy.