In 2012, big oil companies earned billions. Chevron made more than $26 billion while Shell made a little more than $22 billion. Exxon Mobil came out the highest with just under $45 billion. These big oil companies receive government subsidies.
Mark Jacobs, one of the Republican candidates running for U.S. Senate, said that he believed in a free market enterprise and that when those large companies do well, it benefits the U.S. in the long run because of the market growth it achieves.
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