Energy

Chevron posts record $18.7 billion profit

February 2, 2008  ·  Consumer Watchdog

<p class="source">The San Francisco Chronicle</p> <p>Consumer advocates, meanwhile, argue that drivers are spending far too much. Regular gasoline now costs an average of $2.99 per gallon nationwide, 83 cents more than it did a year ago. "The major oil companies' incredible profits, boosted by multi-billion-dollar tax subsidies to the industry, are ultimately clobbering taxpayers," said Judy Dugan, research director for the Foundation for Taxpayer and Consumer Rights.</p>

Exxon and Chevron both see profits soar

February 2, 2008  ·  Consumer Watchdog

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">Los Angeles Times</span><br/> February 2, 2008 </p> <p style="font-size: 10px"> by Elizabeth Douglass, Times Staff Writer </p> ...</div>

Exxon and Chevron both see profits soar

February 2, 2008  ·  Consumer Watchdog

<p class="source">Los Angeles Times</p> <p>Exxon's and Chevron's big profits "come at the cost of an economy tipping into recession," said Judy Dugan, research director for the Foundation for Taxpayer and Consumer Rights in Santa Monica. "While Exxon makes the largest corporate profit by any corporation ever, families pay $60 and more for a gas station fill-up." </p>

Chevron powers to profitable 2007

February 2, 2008  ·  Consumer Watchdog

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">Contra Costa Times (Walnut Creek, California)</span><br/> February 2, 2008 </p> <p style="font-size: 10px"> by George Avalos, Contra Costa Times...</p> </div>

Chevron powers to profitable 2007: Increased revenues from higher oil prices set annual record, dwarf setbacks in refining and service station operations

February 2, 2008  ·  Consumer Watchdog

<p class="source">Contra Costa Times (Walnut Creek, California)</p> <p>Chevron's profits provoked criticism from the Foundation for Taxpayer and Consumer Rights, a watchdog group. Judy Dugan, a research director for the Santa Monica-based foundation, said Chevron's profits are cold comfort for motorists who often pay more than $3 a gallon for gasoline in costly markets such as the Bay Area. "Consumers should be furious about these record profits," Dugan said. "They are still struggling to pay 50 bucks, 60 bucks for a fill-up. People in colder climates are paying practically double for their necessary heating oil."</p>

Consumers boil over oil profits

February 2, 2008  ·  Judy Dugan

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">Ventura County Star (California)</span><br/> February 2, 2008 </p> <p style="font-size: 10px"> by Jenni Mintz, Ventura County Star </p> ...</div>

Consumers boil over oil profits

February 2, 2008  ·  Judy Dugan

<p class="source">Ventura County Star (California)</p> <p>"Oil companies blame energy markets for high crude prices, but they profit immensely from these markets and oppose controlling them," said Judy Dugan with the Foundation for Taxpayer & Consumer Rights. "The government has to get some control over these unregulated electronic energy trading markets. Oil companies are spending billions of dollars buying back their own stock instead of investing in renewable energy or their own refineries, which, is the very definition of greed without regard for corporate responsibility," said Dugan.</p>

Exxon shatters profit records

February 2, 2008  ·  Consumer Watchdog

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">CNNMoney.com</span><br/> February 1, 2008 </p> <p style="font-size: 10px"> by David Ellis, CNNMoney.com staff writer </p> ...</div>

Exxon shatters profit records

February 2, 2008  ·  Consumer Watchdog

<p class="source">CNNMoney.com</p> <p>Judy Dugan, research director of The Foundation for Taxpayer and Consumer Rights, urged Congress to initiate some oversight into unregulated energy trading markets, which have been accused of helping to drive up the price of oil. "Exxon is happy to take advantage of these prices," said Dugan.</p>

Rising oil prices help Exxon Mobil, Chevron to record profits

February 2, 2008  ·  Consumer Watchdog

<div class="postDetail"> <p style="font-size: 11px"> <span style="font-weight: bold">Associated Press</span><br/> February 1, 2008 </p> <p style="font-size: 10px"> by JOHN PORRETTO, AP Business Writer </p> ...</div>

Rising oil prices help Exxon Mobil, Chevron to record profits

February 1, 2008  ·  Consumer Watchdog

<p class="source">Associated Press</p> <p>The Foundation for Taxpayer and Consumer Rights called for greater regulation of energy trading markets. The watchdog group has said congressional moves for more market oversight have been blocked by the oil industry's powerful lobbying efforts.</p>

Committee Halts Regulatory Effort to Fix “Hot Fuel”

January 29, 2008  ·  Consumer Watchdog

<div class="postDetail"> ALBUQUERQUE, NM -- The National Conference on Weights and Measures, under industry pressure, on Tuesday tabled a nationwide regulatory fix for hot fuel -- pushing resolution of the issue into 2009 at least. ...</div>