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Tag Archives: Big Oil

How Big Oil Spent Part of Its $90 Billion in Profits So Far in 2012 | Center for American Progress

Lingering high oil and gasoline prices contributed to another quarter of huge profits for the big five oil companies: BP plc, Chevron Corp, ConocoPhillips, ExxonMobil Corp, and the Royal Dutch Shell Group. They earned a combined $28 billion in the third quarter of 2012, reaping more than $90 billion in profits through the first three quarters of the year. (see ...

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The Arctic oil rush | The Guardian.

Greenland is a land apart – where many people welcome global warming, dislike Greenpeace, and hope the arrival of Big Oil will transform their lives. But at what price to this pristine wilderness? Traces of gas have been discovered by the British exploration company Cairn Energy in Baffin Bay a few hundred miles to the north-west. If these first hydrocarbon ...

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