Big 6 Oil Companies Complete a Trillion-Dollar Decade

Tuesday, March 06, 2012
Times are good for the six largest oil companies, with profits easily surpassing the figures from before the 2008 financial meltdown. In 2011 ExxonMobil led the way with profits of $41.1 billion. Shell was in second place at $28.6 billion, followed by Chevron at $26.8 billion and BP at $23.9 billion. Total was back at $15.9 billion and ConocoPhillips trailed at $12.4 billion. All six showed stronger profits than in 2007.
Overall it’s been literally a trillion-dollar decade for the oil and gas giants. From 2002 to 2011, ExxonMobil gained $310.6 billion, Shell $203.9 billion, Chevron $151.8 billion and BP $146.9 billion despite its loss year because of the 2010 Gulf of Mexico oil spill.
Although oil industry advocates, such as Jack Gerard, the CEO of the American Petroleum Institute, have recently whined about “discrimination” against the oil industry, Taxpayers for Common Sense has called attention to at least a dozen different subsidies that favor the industry. Brian Siu, a policy analyst for the Natural Resources Defense Council, told Roll Call that one subsidy, allowing companies to deduct intangible drilling costs, has been available to the industry since 1916.
-David Wallechinsky
To Learn More:
Financial Performance of the Major Oil Companies, 2007-2011 (by Robert Pirog, Congressional Research Service) (pdf)
Petroleum Industry Claims Cutting Its Tax Breaks is “Discriminatory” (by Noel Brinkerhoff and David Wallechinsky, AllGov)
U.S. Use of Gasoline is Down, Yet Pump Prices are Up as Speculators Move In (by Noel Brinkerhoff and David Wallechinsky, AllGov)

Senate Retains $2 Billion in Annual Tax Breaks for Big 5 Oil Companies (by Noel Brinkerhoff and David Wallechinsky, AllGov) 


Greg Grimshaw 9 years ago
greg grimshaw 238 hidden springs lane orofino idaho 83544 208-717-7409 march14th 2012 ------------------------------------------ to whom it may concern; my name is greg grimshaw. i live in the mountains of idaho on 20 acres. i was hired by sos staffing located in salt lake city utah on february 22nd 2012 in pocatello idaho. contact person betsy kelsch 801-924-3495. ron liechty (rocky mountain recruiting) was my recruiter, he is out of logan utah, contact number 435-752-4240. i was hired to go to midland texas to be trained to be a wire line operator. i have my cdl and went through all the requirements to go to work for schlumberger. as of march 5th schlumberger put on a hiring freeze. my intentions were to go to work immediately. i am qualified and anxious to go to work asap. i am in a position with my family to relocate if necessary, anywhere in the countries you service. we home school our kids so that is not an issue. i would prefer a climate other than the north slope alaska, and north dakota unless you provide housing and airfares back and forth. i can do cold weather but prefer not to. at first my recruiter offered me a job doing coil tubing then changed to wire line due to an opening coming open in midland texas. i am willing to do what is available although the higher pay job would be my preference. i am a highly motivated person with great working skills. i have run my own companies my entire life all related to construction. i can motivate others around me to get the job done quicker and more efficiently. i am a team player and can follow instructions without issues or complaints. i am available to go to work when and where you may need me. i am open to communications with various companies not limited to schlumberger. i would like to see your benefit package, pay scale, work schedules, profit sharing, airfares, and any additional benefits you offer. i was very impressed with schlumberger programs. i am looking at this job long term 10-15 years. please contact me if there are opportunities that open up. i am prepared to go to work immediately. thank you for your valuable time. greg grimshaw employment application greg grimshaw 238 hidden springs lane orofino idaho 83544 december 5th 2011 hm-208-476-4724 / cell-208-717-7409 _____________________________________________________________ employment history the past year i have been building homes off and on and doing all aspects of the projects from the concrete foundation to the roof. from 1993 to 2011 i have owned and operated granite and corian countertop shops. i have hired employees, run these companies, landed accounts like home depot, lowes… i ran this company for 11 years in alaska and 16 years in idaho. i have been in diverse aspects of construction since 1981 to 1993. i have built many homes, worked on many commercial projects, and done a great deal of remodeling work. i built my own home in 1996, and did all the phases of construction, concrete, framing, electrical, plumbing, roofing, dry wall… i have worked on 2-lds temples (reno and spokane) and 4 stake center buildings in california for the lds church. _____________________________________________________________ education i graduated from high school in 1979, in soquel california. i have taken all the dale carnegie courses, sales, human relations, stress management, and marketing. i have also obtained a current cdl drivers license. i have been through a 8 week fire fighting course. _____________________________________________________________ other skills/talents i have a great relationship with clients i worked with. i have over 31 years running power tools. i have run my own companies and done all the management responsibilities. i have been a boy scout master for many years. i have assisted 10 boys in becoming eagle scouts. i served a mission for my church in north dakota for two years, i was on the standing rock reservation working with the sioux indians. every fall i cut split and stack over 10 cords of fire wood for my home heat. i am currently fencing 20 acres in my spare time using rail road ties and hand digging the holes. i am not afraid of hard physical, manual labor. i am excited for this opportunity to go to work for schlumberger and become an asset to the company. i will give 100% to all the assignments i receive. i am immediately ready to go to work, and if necessary relocate my family. my wife brenda and her family are from the lubbock area of texas. i have come to a point in my life were i want to work for a large reputable company to establish a stable career. _____________________________________________________________ references dana losey 208-476-0229 (hired by ron l) kevin short 208-670-0916 art baker 406-546-9223 ben hutching 509-879-2651 brenda jansson 208-634-5557 dennis moore 406-544-7163 tammy skye 702-715-9715 rob pell 541-474-5044 _____________________________________________________________ thank you, greg grimshaw

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