3Q Big Oil Financial Report

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…GDP, generally expected to grow by roughly 3%, which could cast a more illuminating light on the current economic environment. If the GDP is weak it may confirm that rising energy prices are slowing the economy. As the peak season of demand nears, oil and heating oil prices will continue to rise to keep pace with limited supply, and rest assured, Exxon, Chevron, and Texaco will continue to report record growth in revenues and corporate profitability.