RE Home from an Expensive Trip

Meridian ID

Description

Oil and gas company giants Shell, Chevron, BP, and Exxon posted record profits last year totaling $75 billion while American consumers struggled to pay their heating bills and fill up their gas tanks. The monumental financial haul flies in the face of industry’s “sky is falling” attacks on the Biden administration’s environmental and climate initiatives. Americans wondering why they’re paying more to heat their homes or put gas in the car need look no further than the record setting profits of oil and gas companies. Oil and gas companies will blame just about anyone to avoid taking responsibility for the high prices they pass along to consumers. Their number one priority is doing whatever it takes to continue lining the pockets of wealthy industry executives. Combined, the four companies raked in $24.4 billion in quarter four of 2021, bringing their total profits for last year to over $75.5 billion. Chevron, Shell, BP, and Exxon used these bloated profits to shower billions onto their shareholders – including their wealthy executives whose salaries are heavily padded with stocks. Bidens fault gas prices are high? No, it is Republican corporate executives greed!