Archive | October, 2008

Press Release

Chevron Doubles Profit

CONTACT: Judy Dugan, 213-280-0175 (cell); or Jamie Court, 310-392-0522, ext. 327

31. October 2008

Chevron Doubles Profit

Chevron’s Doubled Profit Caps Oil Industry’s ‘Vampire Attack on Economy’ Current Oil Price Breather Is Right Time for Action to Prevent Next Speculative Bubble, Says Group October 31, 2008   Santa Monica, CA — The oil industry’s third-quarter reports ended today with Chevron Corp, which more than doubled its profits to $7.9 billion while the […]

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Exxon Beats Own Profit Record

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31. October 2008

Exxon Beats Own Profit Record

Exxon Beats Own Record for Earnings in Quarter It posts net income of $14.83 billion, the biggest profit ever for a U.S. company, amid sky-high oil prices. By Ronald D. White, LOS ANGELES TIMES October 31, 2008 Riding record oil prices in the third quarter, Exxon Mobil Corp. on Thursday posted the biggest quarterly profit […]

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Exxon Posts Biggest Profit Ever

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30. October 2008

Exxon Posts Biggest Profit Ever

ExxonMobil Posts Biggest US Quarterly Profit Ever By John Porretto, ASSOCIATED PRESS October 30, 2008 HOUSTON, TX — Another quarter and more record U.S. profits for Exxon Mobil. Yet even as earnings surged for major producers, there were signs that Big Oil’s run may be coming to an end. Need proof? Shares of Exxon Mobil, […]

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Press Release

Exxon, Shell Post Record Profits

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30. October 2008

Exxon, Shell Post Record Profits

Exxon, Shell Profit Records Cap an Orgy That Weakened U.S., World Economies, Says Group ‘Consumers Now Know Where Their Money Went'; Congress, White House Must Prevent a Repeat of Costly Energy Bubble CONTACT: Judy Dugan, 213-280-0175 (cell); or Tim Hamilton, 360-495-4941 October 30, 2008 Santa Monica, CA — ExxonMobil’s $14.8 billion third-quarter profit reports clears […]

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Hefty Oxy & BP Profits

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29. October 2008

Hefty Oxy & BP Profits

Hefty Profits Leave Big Test for Oxy, BP Momentum Could Fade in the Wake of Crude’s Steep Price Decline By Ronald D. White, LOS ANGELES TIMES October 29, 2008 The oil-profit gusher continued Tuesday with Westwood-based Occidental Petroleum posting a 72% boost in earnings for the third quarter on higher production and oil prices that […]

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Press Release

BP’s 3rd Qtr Profit $10+ Billion

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28. October 2008

BP’s 3rd Qtr Profit $10+ Billion

BP’s Outlandish Profits Have Inflicted Serious Damage on Consumers and Whole Economies, Says Watchdog BP Profit, Including Inventory, More Than Doubles from Year Ago to Over $10 Billion on Spiking Oil Prices CONTACT: Judy Dugan, 213-280-0175 (cell); or 310-392-0522, ext. 305 October 28, 2008 Santa Monica, CA — BP, only number four of the five […]

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Blog Post

Prop 10’s sugar daddy

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27. October 2008

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Prop 10’s sugar daddy

10-27-08 by dugan  The No On Proposition 10 campaign reports today that oil and gas tycoon T. Boone Pickens has now poured $19 million dollars into his campaign for Proposition 10, the California ballot initiative that would benefit him personally. The official contributor of all that green is Clean Energy Fuels Corp, which is a […]

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Blog Post

Stevens, the biggest fish

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27. October 2008

Stevens, the biggest fish

10-27-08 by dugan Alaska’s big oil producers should be quivering a little after Sen. Ted Stevens’ conviction for lying about big gifts from an oilfield company. Here’s the connection: Bill Allen, the oilfield company executive who lavished free construction work, furniture and even sculptures on Sen. Stevens, headed a profitable but not huge oilfield services […]

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Blog Post

Greenwash extraordinaire

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27. October 2008

10-26-08 by dugan Chevron tries harder. Nope, not to cut fuel prices or compete to be first in renewable energy. For Chevron it’s all about hearts and minds, as another full-page color ad in the LA Times reminds me this morning. This craven greenwashing is in sharp contrast to Chevron’s reality: its threats and demands […]

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Blog Post

Musical chairs in big oil

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27. October 2008

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Musical chairs in big oil

10-26-08 by dugan If the oil business were competitive, somebody might feel sorry for BP. The British-based oil giant dropped today to No. 4 among the Big 5 companies, dipping below Chevron in total worth. It was No. 2 after ExxonMobil until 2005, when it fell below Shell because of management neglect, including poor safety […]

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Blog Post

Chevron’s emit-for-free strategy

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23. October 2008

Chevron’s emit-for-free strategy

10-23-08 by dugan Australia has a lot in common with the United States. It’s a nation of immigrants with a cowboy-style history and a strong love of individual rights. Aussies do put shrimp instead of steak on the barbie–but that’s not a fighting matter. They’re also well ahead of the U.S. on a national strategy […]

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Blog Post

Fun with Pickens’ pocket-picking

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23. October 2008

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Fun with Pickens’ pocket-picking

10-23-08 by dugan We Californians have had about all we can take of slogging through a dozen ballot initiatives on the Nov. 4 ballot, most of them from narrow special interests. Those special interests include natural gas billionaire T. Boone Pickens, whose Prop 10 would snatch away $10 billion from California taxpayers to fund rebates […]

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Press Release

ConocoPhillips Doubles Profit

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22. October 2008

ConocoPhillips Doubles Profit

ConocoPhillips Doubles Its Profit for 2008 — Harbinger for Bigger Oil Companies $14 billion profit for the first three quarters is more than $7 billion above 2007, money that “went straight onto consumers’ crushing credit card debt,” says watchdog group. CONTACT: Judy Dugan, 310-392-0522, ext. 305; or 213-280-0175 (cell) October 22, 2008 Santa Monica, CA […]

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