Fed: NRMA critical of Exxon Mobil $50bln profit

AAP General News (Australia)
02-02-2007
Fed: NRMA critical of Exxon Mobil $50bln profit

The NRMA claims Australian motorists are being ripped off on petrol prices to feed
an enormous 50 billion dollar profit for the likes of international oil giant Exxon Mobil.

Exxon Mobil Corp .. which is the parent of Esso .. has reported a record annual profit
for a US company of more than 51 billion Aussie dollars for 2006.

That's an earning of 5.82 million dollars an hour.

NRMA president ALAN EVANS says the federal government must give the ACCC powers to
keep wealthy oil companies in check.





Mr EVANS says the Exxon Mobil profit is larger than the gross domestic products of
at least 120 nations .. and profits have risen nine per cent .. while output of oil and
gas increased by only six per cent.

AAP RTV tsc/mn/els/bart

KEYWORD: EXXON NRMA (MELBOURNE)

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