I am no financial Guru or Economist, but all these fuel companies look like they are making HUGE profits, correct me if I am wrong. I could have sworn I heard that the price for a barrel of oil reduced, but yet the gas price is still high. It seems that while these oil/gas companies are profiting, the rest of the world is suffering. Just my 2 cents!

Obviously this all has a huge effect on the consumers and companies, hence the airlines cutting back on flights.

Chevron:

Financial Highlights – 2007
• Sales and other operating revenues – $214.1 billion
• Net income – $18.7 billion, or $8.77 per share – diluted
• Return on capital employed – 23.1 percent
• Return on average stockholders’ equity – 25.6 percent
• Cash dividends – $2.26 per share
• Total stockholder return – 30.5 percent

Conoco Phillips:

http://www.conocophillips.com/NR/rdo...onalTables.pdf