High profits, giving money to shareholders instead of reducing prices
Can’t believe I have to say this but giving profits to shareholders is not the same as bringing prices down for American families. https://t.co/Q84NNK9sck
— President Biden (@POTUS) October 28, 2022
Q3 profits for Exxon: $20 billion
— Josh Schwerin (@JoshSchwerin) October 28, 2022
Q3 profits for Chevron: $11 billion
Q3 profits for Shell: $9.5 billion
Republicans who voted to stop oil companies from price gouging: 0
Shell just posted its second-highest quarterly profit ever.
— Adam Schiff (@RepAdamSchiff) October 28, 2022
$9.5 BILLION.
Like other oil companies, it’s exploiting the moment to make billions off the backs of working families.
I have the bill to hold Big Oil accountable and lower gas prices immediately. We should pass it.
Shell will buy back $4 billion worth of shares and increase its dividend by 15% after posting another gigantic quarterly profit thanks to strong oil and gas prices https://t.co/WnrDRHGFGf
— CNN (@CNN) October 27, 2022
Imagine if more of these gains went to relief at the pump, instead of corporate stock buybacks. https://t.co/L8jhtQuva9
— Secretary Pete Buttigieg (@SecretaryPete) October 27, 2022
Valero boosted profits by 500% in just one year by price gouging families at the pump. The House passed my bill to hold Big Oil companies accountable for ripping off consumers in May. The Senate needs to act.https://t.co/xssOATcHE7
— Katie Porter (@katieporteroc) October 27, 2022
ExxonMobil’s profit set a record for the second straight quarter as oil and gas prices remained high. No. 2 US oil company Chevron also posted much-better-than-expected results. https://t.co/aCDbhVdPHD
— CNN International (@cnni) October 28, 2022
Q3 profits for Exxon: $20 billion
— Josh Schwerin (@JoshSchwerin) October 28, 2022
Q3 profits for Chevron: $11 billion
Q3 profits for Shell: $9.5 billion
Republicans who voted to stop oil companies from price gouging: 0
Sad! 