OIL COMPANY PROFITS; Congressional Record Vol. 152, No. 101
(House of Representatives - July 27, 2006)

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[Page H5958]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          OIL COMPANY PROFITS

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Well, Mr. Speaker, the numbers are in. ExxonMobil's 
quarterly profits up 32 percent, Shell, 34 percent, BP, 29 percent. The 
three largest oil companies made $200 million a day profit by gouging 
consumers. This is extraordinary, and the Republicans have very little 
to say about this because they are sharing in the profits. Eighty-five 
percent of the political contributions from oil and gas companies go to 
the Republican party.
  Now, they are so awash in money that the retired CEO of ExxonMobil, 
while Americans struggle to fill up their gas tanks and afford that and 
go on vacation, well, Lee Raymond, the retired ExxonMobil chief who got 
$400 million for a retirement gift very recently, he is personally 
buying oil and gas fields. So American workers, people who work for 
ExxonMobil, can't afford to go on vacation and fill up their tank, and 
their CEO is personally purchasing oil and gas fields in the Middle 
East and Africa. It's a great country.

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