Exxon Mobil on Friday morning reported its highest earnings ever at $19.7 billion for the quarter, while Shell reported its second highest of $9.5 billion. The soaring profits in the third quarter of 2022 continue a trend of massive profits for the oil industry as Russia's invasion into Ukraine is driving up gas prices.

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AP source: Biden to float windfall tax on energy producers 

President Joe Biden on Monday will raise the possibility of imposing a ‘windfall tax’ on energy companies, as his administration aims to combat high gas prices just days before the midterm elections .

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Biden to float windfall tax on energy producers

Days before the midterm elections, President Joe Biden went after energy producers for raking in profits instead of lowering pump prices.

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Biden floats tax on oil companies that don't lower pump prices, increase production

President Joe Biden plans to raise the possibility of imposing a ‘windfall tax’ on oil companies if they don’t boost domestic production

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AP source: Biden to float windfall tax on energy producers

President Joe Biden on Monday will raise the possibility of imposing a 'windfall tax' on energy companies, as his administration aims to combat high gas prices just days before the midterm elections.

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By ZEKE MILLER and SEUNG MIN KIM
Associated PressWASHINGTON (AP) — President Joe Biden plans to raise the possibility of imposing a ‘windfall tax’ on oil companies if they don’t boost domestic production. This comes as his administration aims to combat high gas prices just days before the midterm elections. The White House says Biden will deliver remarks on Monday to respond ”to reports over recent days of major oil companies making record-setti…

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President Biden will propose a "windfall" tax Monday on oil companies for banking record profits amid elevated prices at the pump.

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Biden to pitch ‘windfall’ tax on oil firms in latest midterm gambit

By ZEKE MILLER and SEUNG MIN KIM
Associated PressWASHINGTON (AP) — President Joe Biden plans to raise the possibility of imposing a ‘windfall tax’ on oil companies, as his administration aims to combat high gas prices just days before the midterm elections. The White House said Biden will deliver remarks on Monday to respond ”to reports over recent days of major oil companies making record-setting profits even as they refuse to help lower prices…

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Joe Biden is to raise the possibility of a windfall tax on energy companies in a speech to Congress, just days ahead of midterm elections in the US.

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Biden raises prospect of windfall tax on oil companies

President Biden will float a new tax on oil and gas companies in a speech on Monday after companies reported another quarter of extremely high profits amid spiking gas prices. A White House official told The Hill that Biden will call on oil and gas companies to invest their profits in “in lowering costs for…

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Biden to suggest new tax on oil companies amid windfall profits

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Biden to spotlight oil companies’ huge profits amid high prices at the pump

Biden to spotlight oil companies’ huge profits amid high prices at the pump

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