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Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose

This is why gas is so expensive. The oil execs and oil families are bringing in a few billion extra dollars this year alone. EACH. The top 5 oil families/CEOs will probably net 10 billion dollars each on this latest heist from the American people.

And they say this is because of democrats? This is the biggest scam since big tobacco. These are individuals at the end of the day, not corporations, and these individuals are raking in billions of dollars from working families., hiding behind the smokescreen of Covid chaos.

And this is on top of the usual billions. This is obscene and frankly don’t understand how working people can afford this?

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by Anonymousreply 10February 25, 2022 12:55 AM

Oil and gas companies Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose Exxon, Chevron, Shell and BP among group of 24 who resisted calls to increase production but doled out shareholder dividends

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by Anonymousreply 1December 19, 2021 8:09 PM

The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report. The bumper profit totals, provided exclusively to the Guardian, show that in the third quarter of 2021 alone, 24 top oil and gas companies made more than $74bn in net income. From January to September, the net income of the group, which includes Exxon, Chevron, Shell and BP, was $174bn

by Anonymousreply 2December 19, 2021 8:13 PM

Seems pretty shameless given the hard times of regular folks.

When does the greed end? When will they have sucked every last penny from working Americans?

by Anonymousreply 3December 19, 2021 8:14 PM


by Anonymousreply 4December 19, 2021 8:47 PM

Oil has been this way since it was discovered and cars became a thing. Wars fought and people died over it. Big tobacco angelic compared to big pharma and DuPont.

by Anonymousreply 5December 19, 2021 9:43 PM

You can thank the oil lobby in Washington, D.C. for preventing technology from going ahead with solar power for this.

by Anonymousreply 6December 19, 2021 9:49 PM

Good morning cold hard facts.

by Anonymousreply 7January 18, 2022 9:25 AM

Does the average person understand why gas is so high now? This is why.

by Anonymousreply 8January 18, 2022 9:41 AM

This is price gouging for the ages.

by Anonymousreply 9February 24, 2022 10:58 PM

Thi$ only prove$ the power of the oil lobby. We could be exi$ting on $olar power alone pre$ently. They have lawmaker$ by the ball$.

by Anonymousreply 10February 25, 2022 12:55 AM
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