March 29, 2017

Corporate Profits Hurdle Recession

While a full recovery of the US economy remains in the distance, corporate profits have already achieved a complete recovery. During the fourth quarter of 2010, corporate profits hit an all time high of $1.678 trillion, according to the latest data [.pdf] from the Bureau of Economic Analysis. These fourth quarter results not only show […]

Corporate Profits at Record High

During the 3rd quarter, corporations recorded more profit than ever before. Profits for corporations totaled $1.658 trillion, according to a report [.pdf] released today from the Bureau of Economic Analysis. The previous record was $1.655 trillion in the 3rd Quarter of 2006. Corporate profits have grown for 7 consecutive quarters – not much of a […]

Corporate Profit Climbs

Corporations profited $1.614 trillion in the 2nd Quarter of 2010 – the 2nd most profitable quarter of all time. The only quarter with more corporate profits is the 3rd Quarter of 2006, which saw $1.655 trillion in profit. According to statistics [.pdf] released from the Bureau of Economic Analysis, petroleum and coal products had the […]

Manufacturing Profits Continue Recovery

During the 2nd Quarter of 2010, after-tax profits of manufacturing corporations totaled $120.4 billion – $8.4 billion more than the 1st Quarter, according to the profit report [.pdf] released today. The manufacturing sector has gradually recovered and profits have risen 6 consecutive quarters following the 4th Quarter plummet in 2008, as the graph below from […]

Corporate Profits Report Incomplete

Even though today’s report on corporate profits in the 2nd Quarter [.pdf] did not break the record for the most profitable Quarter in history, it is likely to become exactly that. Notice in the picture below that 18 of the 24 components involved with the calculation for domestic industries was not included in the Commerce […]

Corporate Profits Surge

Since the 2nd Quarter of last year, corporate profits have increased from $1.178 trillion to $1.639 trillion – an increase of $461 billion. Unlike other sectors of the economy, corporate profits have recovered to almost record-breaking levels – the only Quarter greater than the 2nd Quarter goes back to the 3rd Quarter of 2006 with […]

BP Posts 2nd Quarter Statement

Unsurprisingly, BP posted a deficit for the 2nd Quarter of 2010 – totaling about $17 billion, as displayed by the chart below.  BP released a complete report that also estimated the overall costs related to the oil spill at $32.2 billion.

BP Dwarfs Anadarko Oil Corp.

Anadarko Oil profited $716 million in the first quarter of 2010, as seen in this Anadarko release, and $3.9 billion in all of 2009.  BP, in comparison, made $27 billion in 2009.  If BP is not found to be grossly negligent, then Anadarko would be responsible for 25% of the cost for the clean up […]