How the profits gush | IMGpapers 1976

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of 'years following, TGWU's 1970-72 1973-75 1976-77 was The upturn in company I4wm mark to getting on for £100m.

prices.

waiting for. Many will suffer from the impact of the present 'oil crisis', but - if their account books are anything to go by — the giant oil corporations will not be among them, writes Brian Slocock.

after tax, one three Bresh oil majors (Shell, BP, and Esso) for the three years before the beginning of the oil crisis in 1973, for thres and for the two years after that, in total and as annual average:

Post-tax Profits of British Oil majors Total Annualaverage £1431.1m f477m £3950.6m £1316.9m £3901.7m £1950.8m profits started almost as soon as world oil prices began to move in 1972-73. Shell's went from below the over £1000m; BP's from around £100m to over £300m; and Esso from a loss or a 'mere' £15m in a good year to a figure Since the first big jump, however, profits have not tended to move again. Perhaps the latest oil crisis' is just what they've been