Well run oil, financial services, technology, retail, health care, communications and consumer packaged goods companies are making money.
Here’s Fortune’s list of most profitable companies:
- Exxon/Mobil
- GE
- Chevron
- J.P. Morgan Chase
- Bank of America
- Microsoft
- Berkshire Hathaway
- Wal-Mart
- AT&T
- ConocoPhillips
- Goldman Sachs
- Johnson & Johnson
- IBM
- Procter & Gamble
- Altria Group
- Pfizer
- Wells Fargo
- Cisco Sytems
- Hewlett-Packard
- Intel
If you work on any of these accounts (or another, just like them), I hope you too are making a healthy profit.
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I like how the gas companies are all on this list. It really makes me appreciate that nearly $4.00 per gallon fee I’m paying at the station.
The gas companies “are all on this list”? Conoco, Chevron and Exxon are “all” the oil companies? What about Valero, Shell, Murphy, Sunoco, Phillips, Racetrac, Mobil, Texaco, Speedway, and Citgo (just to name a few).
Why ignore the four banks and SEVEN electronics companies?
IF there is a legitimate complaint that a certain sector of the economy is making too much money, it is the electronic companies that are “all” making obscene profits, not the oil companies.
Phillips is on the list.
The problem: the list is dominated by energy and oil companies… and we supply these profits.