Something does not sound right here: Exxon and Shell profits soar - as consumers pay higher fuel prices at the pump
Leading oil companies Exxon and Shell have both reported soaring second quarter profits boosted by the recent high oil prices. Shell saw a 22 per cent rise in profits compared to the same quarter last year whilst Exxon posted a larger jump of 32 per cent. The 50 per cent rise in oil prices since the start of 2005 undoubtedly played its part in the good figures. Consumers however are not getting any breaks at the pump. Something does not seem right here?
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