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

Summary by Ground News
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.

79 Articles

FOX 61FOX 61
Center

Biden floats windfall tax on energy producers

Biden delivered remarks to respond "to reports over recent days of major oil companies making record-setting profits" while gas prices remain high.

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WPMT FOX43WPMT FOX43
Center

Biden floats windfall tax on energy producers

Biden delivered remarks to respond "to reports over recent days of major oil companies making record-setting profits" while gas prices remain high.

Read Full Article
WFAA 8abcWFAA 8abc
Center

Biden floats windfall tax on energy producers

Biden delivered remarks to respond "to reports over recent days of major oil companies making record-setting profits" while gas prices remain high.

·Dallas, United States
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KTVBKTVB
Center

Biden floats windfall tax on energy producers

Biden delivered remarks to respond "to reports over recent days of major oil companies making record-setting profits" while gas prices remain high.

·Boise, United States
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Zeit OnlineZeit Online
Lean Left

USA: Biden threatens oil companies with excess profit tax

Here you can find information on the subject of “USA”. Read now “Biden threatens oil companies with excess profit tax.”

·Germany
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KSDKKSDK
Center

Biden floats windfall tax on energy producers

Biden delivered remarks to respond "to reports over recent days of major oil companies making record-setting profits" while gas prices remain high.

·St. Louis, United States
Read Full Article
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Energy Voice broke the news in United Kingdom on Friday, October 28, 2022.
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