China’s Black Gold
April 29th, 2006
Chevron (CVX - 61.02) is reporting a $4 billion dollar first quarter profit, Exxon Mobil (XOM - 63.08) $8.4 billion, and ConocoPhillips (COP - 66.90 ) $3.29 billion. This past week these companies have been releasing their first quarter reports and many people are starting to wonder about these companies and the high oil (72)prices. I imagine the public and several politicians will be putting pressure on these companies looking for answers. Read more…
