Big Oil Companies Report Record $51.5 Billion in Profits in Q2

  • 📰 AllSidesNow
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Eight of the top Big Oil companies reported $51.5 billion in profits during their Q2 earnings calls. See potential bias and similarities in coverage from guardian, FoxBusiness and WSJ:

reported $51.5 billion in profits during their Q2 earnings calls.

Three of the top earners — Exxon, Shell and Chevron — grossed a record $46 billion in collective profits while the average price for a gallon of gas hit an all-time high of $5.01 in the U.S. The eight companieswhen compared to the same time period last year, according to a report from . The analysis also found that"wealthy shareholders" received $10.5 billion in dividends last quarter.that these oil companies exalted their"excellent quarters while

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

guardian FoxBusiness WSJ So what…their a business, that’s what businesses do, they provide a service and make profits.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 572. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

“A Violent Betrayal”: 369 Groups Tell Biden to Reject Big Oil Provisions in Reconciliation BillHundreds of organizations urged Biden to reject provisions that allow for new fossil fuel projects in the new reconciliation bill, saying that it would essentially mean sacrificing marginalized communities in the name of Big Oil’s profit.
Source: truthout - 🏆 69. / 68 Read more »

Price Gouging at the Pump Results in 235% Profit Jump for Big Oil: Analysis\u0022Make no mistake; these profits mark a large transfer of wealth from working- and middle-class people to wealthy oil executives and shareholders,\u0022 said Jordan Schreiber of Accountable.US.
Source: commondreams - 🏆 530. / 51 Read more »

Renewable Energy -- Wind, Solar, & Storage -- Get Big Boost From Inflation Reduction ActRenewable energy got a big boost in the Inflation Reduction Act with new long term stability for clean energy investments.
Source: cleantechnica - 🏆 565. / 51 Read more »

Oil companies Exxon, Chevron, Shell rake in unprecedented profits | AutoblogOil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food and other basic necessities. How about you include the oil company net profit margins in you 'record profit' reporting. When revenue almost doubles does it not make sense that profit dollars might also? Most oil company profits historically hover around 10%, hardly a record.
Source: therealautoblog - 🏆 528. / 51 Read more »

Big Brother 24’s Ameerah Reacts to Blindside, Responds to Treatment of TaylorBig Brother's Ameerah spoke to Us this morning after her blindside eviction. She reacts to the secret Leftovers alliance and talks about how she contributed to the poor treatment of Taylor. bb24
Source: usweekly - 🏆 390. / 55 Read more »

Dumped by fickle Big Tech, downtown needs real loveThe answer is not to push tech workers back into the office – as Mayor London Breed did in March, asking tech companies to sign a “pledge” to implement return to in-person work policies. Let’s incentivize the little guys for a change.
Source: sfexaminer - 🏆 236. / 63 Read more »