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Oil and gas extraction companies’ profits exceeded $31 billion for the first time ever in 2006,

http://www.ndp.ca/page/5238

Profits in Canada's oil industry will rise almost 18 per cent to nearly $23 billion in 2008, the Conference Boards of Canada predicted in a report today.
...
EnCana Corp said today quarterly profit rose 63 per cent, driven by favourable gas price hedges and a strong performance from the downstream portion of its integrated oil business.EnCana, Canada's largest oil and gas company, reported fourth-quarter net income of $1.08 billion, or $1.43 per share, up from $663 million, or 82 cents a share, a year earlier.

http://www.canada.com/edmontonjourna...7-97e6bed0d5a1

Three of the largest international public companies are Exxon Mobil, Royal Dutch Shell and BP. These three companies have reported a 30% increase in first quarter earnings, for a combined US$28-billion. Combined cash flow was US$50-billion.

http://www.financialpost.com/most_po...html?id=493741

In the fourth quarter of 2007, Imperial Oil earned $886 million, or 96 cents a share, which was up 11.6 per cent compared with $794 million, or 83 cents a share, in the fourth quarter of 2006.
Annual revenue was $25 billion for 2007, including $6.7 billion in the fourth quarter. That's up from $5.5 billion in the fourth quarter of 2006 or $24.5 billion for all of 2006.

http://www.thestar.com/Business/article/299304

Petro-Canada (TSX:PCA) reported a first-quarter profit of $1.1 billion, up from $590 million a year ago, as higher operating earnings offset losses on foreign currency translation of long-term debt.

http://money.canoe.ca/News/Sectors/E...788856-cp.html

Husky Energy Inc. kicked off the first quarter earnings season in the oilpatch Monday and showed oil's unflinching, meteoric price rise is stuffing pockets with heady profits.
The country's third largest integrated oil company reported first quarter net earnings of $887 million, or $1.04 per diluted share, up 36 per cent from a year ago when Husky's earnings were $650 million, or 77 cents per diluted share.

http://www.canada.com/calgaryherald/...6-d6ae9477217e



I wish I had their problems.