While we’re hearing all kind of excuses to as why we’re paying more and more for gas, BP and Shell, Europe’s two largest oil companies announced (surprise - surprise…) record profits for the first quarter of the year. In particular, Shell’s net income in the first three-months of 2008 rose to $9.08 billion, a 25% increase over last year. BP on its behalf stated that its profit increased by a huge 63% to $7.62 billion for the first quarter. Want more numbers? Well, revenue at BP jumped 44% to $89.2 billion while sales at Shell surged 55% to $114 billion…
In concern of the other oil companies, last week, the third biggest
More fat first-quarter earnings are expected from the biggest two
