Excerpt: "The Big Five oil companies - BP, Chevron, ConocoPhillips, ExxonMobil and Shell - are slated to announce their 2012 second-quarter profits later this week. ... a quick look at just how much these Big Oil companies are making, and where they are spending their billions in profits."



The oil and gas industry has already given over $30.5 million in federal campaign contributions this year, with a whopping 88 percent going to Republicans. (photo: ThinkProgress)