Exxon income increase in last year: 44.5% - Increase in gas prices last year: 42.4%
 

I don't understand how the oil industry works. Now their getting govt funding for new refineries. WTF?

http://money.cnn.com/2005/04/28/news...reut/index.htm

NEW YORK (Reuters) - Exxon Mobil Corp. posted a 44 percent rise in quarterly profit Thursday on high oil prices, but the results missed expectations as production slid.

Exxon *profit* increase in last year: 44.5%