Post by the Scribe on Aug 6, 2022 7:25:30 GMT
2 wild charts show how Big Oil profits are skyrocketing as prices at the pump rise
www.businessinsider.com/gas-prices-oil-company-profits-skyrocketing-energy-sector-earnings-charts-2022-5
Ben Winck and Madison Hoff May 17, 2022, 10:36 AM
A U.S. postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, U.S., March 29, 2022. Mike Blake/Reuters
Oil firms raked in massive first-quarter profits as gas prices hit record highs and demand surged.
The blowout quarterly performances have raised concerns of price gouging in the high-inflation
environment.
With gas prices acting as a major source of inflation, scrutiny of Big Oil's profits is at a fever pitch.
www.businessinsider.com/gas-prices-oil-company-profits-skyrocketing-energy-sector-earnings-charts-2022-5
Ben Winck and Madison Hoff May 17, 2022, 10:36 AM
A U.S. postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, U.S., March 29, 2022. Mike Blake/Reuters
Oil firms raked in massive first-quarter profits as gas prices hit record highs and demand surged.
The blowout quarterly performances have raised concerns of price gouging in the high-inflation
environment.
With gas prices acting as a major source of inflation, scrutiny of Big Oil's profits is at a fever pitch.