Big oil saw big profits in 2022 : NPR

Exxon reported more than $55 billion in profits for 2022, a record for the U.S. oil industry. Sky-high profits for oil have prompted windfall taxes in Europe and political pressure in the U.S. Read More

Biden Says Big Oil’s Windfall Profits Result Of ‘Brutal War’

In his Monday statement, which aired at 4:30 p.m. EST, Biden said that oil companies were not earning windfall profits because of their innovation; rather, they were earning windfall profits on ... Read More

Big Profits For Big Oil From The High Price Environment Of 2022

Big 2022 profits reported by U.S. oil majors Chevron and ExxonMobil are likely to generate new proposals in congress for a windfall profits tax targeting the industry. Read More

Biden Threatens Big Oil With Windfall Profits Tax | Politics | U.S. News - U.S. News & World Report

In a background memo, the White House noted that "oil companies are posting record profits. Over the last two quarters alone, ExxonMobil, Chevron, Shell, BP, ConocoPhillips, and TotalEnergy earned ... Read More

Biden attacks high profits of oil and companies, floats possible tax - USA TODAY

Still, the White House has been hammering away on the issue to show Biden is trying to ease the high gas prices he says are the fault of oil producers and Russia’s invasion of Ukraine. Read More

$30B of profits renews Big Oil’s clash with White House

$30B of profits renews Big Oil’s clash with White House. By Mike Lee | 10/31/2022 06:54 AM EDT . Exxon Mobil made $19.7 billion in the third quarter, while Chevron earned $11.2 billion. Read More

Democrats attack 'obscene' oil profits with new tax hike, accuse industry of 'cartel pricing' - Fox Business

Money raised from the tax would be sent to consumers "in the form of a quarterly rebate, which would phase out for single filers who earn more than $75,000 in annual income and joint filers who ... Read More

White House blasts Big Oil stock buybacks again as Chevron profits double | Nasdaq

The White House on Friday launched a fresh attack against U.S. oil companies, accusing them of using profits to pay shareholders instead of boosting supply, after Chevron Corp said its annual ... Read More