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The real reason we had to remove Saddam Hussein.

Raytheon Co., the nation's fifth-largest defense contractor, on Thursday reported a 54% increase in second-quarter income.

Halliburton Co. posted a $591 million second-quarter profit... profit increased 51% from $392 million in the same period a year earlier.

ConocoPhillips said second-quarter profit rose 65% to $5.2 billion, bolstered by high oil prices.

BP posted second-quarter net income of $7.27 billion.

Exxon Mobil Corp.'s second-quarter profit jumped 36%, ... reported net income of $10.36 billion. It was the second-largest quarterly profit ever recorded by a publicly traded U.S. company.

Privately held corporations, which include some of the most lucrative operations such as Bechtel, have no obligation to report profits so what they siphon from US taxpayers is a closely guarded secret.

All links except Bechtel's are from the past seven days and go to the subscriber-only Wall Street Journal.

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