Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Those oil company profits...

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
spindrifter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-24-09 10:43 PM
Original message
Those oil company profits...
Conoco plans cuts in charitable giving

The Associated Press
Published: January 24th, 2009 04:49 PM
Last Modified: January 24th, 2009 04:49 PM

FAIRBANKS -- Conoco Phillips plans to cut its corporate giving in 2009.Conoco gave about $13 million to Alaska charities last year, said spokeswoman Natalie Lowman. That figure could drop to $9 million this year, she said.


Citing difficulties in the world economy, the company announced this month that it is opting out of a decade-old agreement it signed with the state in 1999. According to the company, the agreement expired this year.


Sam Kirstein, director of the Fairbanks Community Food Bank, said her organization has received $10,000 a year for the past several years from Conoco. The money pays to distribute free food that arrives through a U.S. Department of Agriculture program.

Conoco is the only cash donor to the program, which helps about 500 households, Kirstein said. If the money disappears, she said, employees will "do our best" to continue but there is no guarantee the food bank would survive.



ConocoPhillips 3Q profit rises 41 percent

Posted 10/24/2008
By John Porretto, AP Business Writer

HOUSTON Record crude prices this summer helped ConocoPhillips' third-quarter profit soar 41 percent from a year ago, as the company overcame lower oil and natural gas output caused by two hurricanes.
The numbers posted Wednesday by the third-largest U.S. oil company easily topped Wall Street forecasts.

I haven't found Conoco's 4th quarter, 2008 profits.
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC