Big Oil poised to smash annual profit records — sparking outcry from campaigners and activists
Publishing timestamp: 2023-01-27 05:52:50
Summary
Oil majors Exxon Mobil, Chevron, BP, Shell and TotalEnergies are expected to report record profits for 2022, but U.S. President Joe Biden has accused them of reaping "windfall of war" and not helping lower gas prices for American consumers. Activists and advocacy groups have called for higher taxes on the companies, as they are profiting at the expense of people who have been pushed into poverty due to skyrocketing gas prices.
Sentiment: NEGATIVE
Tickers: XOM, TTE-FR, BP.-LN, CVX, SHEL-GB,
Keywords: russia, earnings, chevron corp, exxon mobil corp, joe biden, united states, energy, business news, politics, ukraine, oil and gas,