quote[A bottleneck in U.S. refining capacity has also helped earnings for integrated companies such as Exxon Mobil that produce, process and market petroleum. The profit margin for turning a barrel of oil into gasoline and heating oil averaged $23.68 in the second quarter, compared with $5.13 a barrel five years ago.
Exxon Mobil shares have been the biggest contributor to the rally by the Standard & Poor's 500 index during the current bull market. The stock has surged 173% since Oct. 9, 2002, adding 38.4 points to the index.]
Yet, we suffer at the pump...
Thursday, July 19, 2007
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