Did anyone know that the oil companies where owned by stock holders?
469357
the problem is that people don't understand the difference between profit and profit margins.  When the cost of Oil (a tradeable commodity) doubles, oil companies will pay twice as much for oil and their cut becomes bigger (twice as big in fact)
563246
I can email you a research report about public Oil Mines Companies also called "Tar Sands" Companies.\n\nMost are in Canada and some are trading in the United States of America\n\nTop 10 Answerer in Business & Finance.
609322
Let me see Oil rich bastard gets elected oil companies record highest profits of any corporation in the history of the U.S. Coincidence?
564281
invest in oil companies.
850765
The company you bought 10,000 shares in at .05 per share just discovered oil in North Dakota and the stock has gone to $175 per share.
360118
The oil companies set a new record for profits every 3 months.Of course they are gouging us.Most businesses lose money when costs soar,they dont make extra profit but less.
478979
Lets see, the oil company's own the wells, then they sell to the refinery's which they own. So they are selling it to themselves. they make a profit no matter what it sells for but make a bigger profit if it sells high. My guess is that the prices will go higher. While I wouldn't put it past Bush to invade a country for its oil. I don't think even he can spin this one to invade Venezuela. I think Iran will be a better choice because not many country's like them.
379324
Oil profits are part of the reason for the wars AND the limited capacity of refineries. I wonder what progress could have been made in the development of alternative energy supplies with the billions that have gone down the drain in those wars.
389844
The Bush family has made all there money for years of of oil and dirty deeds. If you research it you will find there was a deal with Sadam about a pipe line to be built, And when he refused we went to war!! These oil companies are making record profits!!! No one is doing anything to stop them. And oil is part of the reason we are at war, to control more oil!!
1181346
Amoco was merged with British Petroleum in 1998.\n\nYou need to check how many shares of BP Amoco were given to each Amoco investor.\n\nOnce you find that number you need to contact BP Amoco and exchange your Amoco share for a certain number of BP Amoco shares.\n\nBP Amoco shares were split in 1999\n\nBP Amoco distributes dividends to all their shareholders every quarter.\n\nIt is likely the company will give you all your dividends since 1980.\n\nI suggest you to contact their Investor Relations Department.
398427
Exxon, Shell, Conoco, Mobile are just a\nfew of the reasons.
405461
A couple of years ago, all the Amoco stations in my city became British Petroleum, But I don't think they have much to do with Mobil except that they both are making us take it in our arses with the gas prices. Funny how the oil industry has claimed the highest earnings ever in history last year, yet they "claim" that they are only making a small profit. Hmm...
782255
If there are, they'd probably be very small companies.\n\nCitgo is owned by the Venezuelan government.  BP Amoco is basically the British government now.\n\nEven the publicly held gas companies that are listed on the New York Stock Exchange are owned by so many investors that they can be termed American because they have corporate headquarters in America, but they may be owned by individuals in any number of companies.\n\nAnd there can't be any gas companies that still get all of their oil from America, as America doesn't produce enough gas to come close to providing enough of a supply.  Americans who import from the middle east aren't a lot different from Britons who import from the middle east.\n\nForeclosureFish\nhttp://www.foreclosurefish.com/
563613
Nope, even when Standard Oil was the reputed monopoly, it didn't own all of it--but it did own so much that it was seen as a threat to free enterprise.\n\nHere is a link to a summary of the decision which permitted the company to be broken up because of the "conspiracy": http://www.ripon.edu/Faculty/bowenj/antitrust/stdoilnj.htm.\n\nYou may quickly notice that there were a pile of companies, the problem was the common control and ownership.  In one way, Standard Oil was the Enron of its day, except it has substance.  It didn't try to look profitable--it was profitable.  Microsoft, sitting atop mountains of cash and influence, is a closer comparison.\n\nI like the part about how in 1872 there were 34 oil refineries in Cleveland, Ohio and the Rockefellers didn't own three or four.  It makes me wonder how many refineries there are in the whole country today.\n\nYou've heard it said that we went to war in Iraq over oil, but the United States produces 8 times as much as Iraq ever did.  We get oil from Africa, South and Central America, Canada, Europe (mostly the North Sea between Norway and England), and various parts of Asia (including Indonesia).  There have to be transportation means (pipelines, tank trucks, and ships), and most of them have to be huge, or long.  Then comes the refineries.  Oil makes a lot of stuff besides gasoline, but they try to rearrange the molecules to get more of the chemicals they want.  You may hear about "crackers" when reading on refineries, the oil has these long molecular chains, and they would try to crack them open in ways to get preferred chemicals like octane for gasoline.  Too much and you get lighter stuff like kerosene, which we don't use as much of today (Stanley Steamers used kerosene), and it is hard to put it back together.  Think of it like cooking the merangue for a pie, you have to be careful or its suddenly garbage.  Then you need to find someone to buy it and transport it--back to different trucks and pipelines.  Then there are tank farms, big fields with big tanks for holding the various fuels or whatever (like what the chemical companies use to make plastics or fabric yarn for clothes or carpets).  Then it is sent to distribution centers commonly called bulk stations (I had an uncle who owned one).  These then delivered the fuel and oil to gas stations and special buyers like factories and farms.  Then you drive up to the pump and pay for all of this, plus the better part of a dollar for state and federal taxes.  (Interesting project for you, look at ExxonMobil's financial statements because while they made enormous profits they were even more profitable to government, which got more than the stockholders did.)
357277
The whole system...OPEC on down to Exxon... all-time record profits for any company ever are EXTREMELY SUSPICIOUS... regardless of the situation... and it usually points to violations of anti-trust laws... is there one... I don't know... but it's suspicious...
555192
It was Dayton Hudson Corporation back in the 90's.  But who knows who has the controlling stock now.
372469
Lets see, the oil company's own and operate the wells, then the some people that work for them bid on the oil and it is sold to the refinery's which by the way is owned by the oil company's which in turn ship it to the gas stations guess who owns them. Sweet deal huh. I really wonder why the prices are so high.