The Price of Gas
This morning I read the news and found that WalMart didn’t get the number 1 postion on the Fortune 500 list this year.
Now WalMart not being number 1 was interesting however what was even more interesting was that the top 5 companies were:
- Exxon Mobil
- Wal-Mart
- Chevron
- ConocoPhillips
- General Electric
3 of the top 5 were oil companies!
Now being on the Fortune 500 list doesn’t mean they made money. In fact, ConocoPhillips lost almost $17 billion even though its revenues grew nearly 25%.
And ConocoPhillips wasn’t alone since there were 128 companies on the Fortune 500 list that had losses last year.
While I don’t always support big business I think having more than 1/4 of American’s biggest companies losing money is scary.
Don’t you?
To Your Success in these rough times,
Susan
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Makes you wonder how Exxon can have record profits, and ConocoPhillips loses money. Gas prices are usually within a couple cents of each other. Oh that’s right, Exxon are crooks.
Interesting phenomenons going on while the economy readjusts. They pushed the limits of what the market could bear.
I sure hope people have had a reawakening. I know I have.
Comment by
Carole — April 21, 2009 @ 1:30 pm