Monday, May 5, 2008

Record Profits for Chevron. Again.

By Chris Thompson
Mon, May 5, 2008 at 9:25 AM

While a wave of foreclosures sweeps through the Bay Area, gas and food prices gouge everyone's pocketbook, and the economy is flirting on the edge of a recession, it goes without saying that everyone's high-fiving each other over at Chevron. Last week, the San Ramon oil giant posted record profits again, notching up $5.17 billion for the first quarter of 2008. Chevron's profits rose a full ten percent over the sam period last year, when everyone was shocked at how much money the company was making. Four dollars a gallon. Billions in tax breaks. Somewhere, a public relations company just got a fat contract to help Chevron squirm out of the limelight.

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