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Big Oil Is Robbing YOU At The Pump To Rake In Record-Breaking Profits

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Exxon Mobil and Chevron, the biggest oil companies in the U.S., recorded record-breaking profits and revenue from this past business quarter and have already ramped up their already egregious stock buyback program to further enrich shareholders and executives. Including Europe's top oil companies Shell and TotalEnergies, the four corporations combined to return over $23 billion to shareholders through stock buybacks just this past quarter alone. John Iadarola, Ramesh Srinivasan, and Jessica Burbank discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE:
https://www.reuters.com/business/energy/us-oil-giants-exxon-chevron-post-blowout-earnings-ramp-up-buybacks-2022-07-29/

"The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.

The U.S. pair, along with UK-based Shell (SHEL.L) and France's TotalEnergies (TTEF.PA), combined to earn nearly $51 billion in the most recent quarter, almost double what the group brought in for the year-ago period."

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220729__TA02Oil
Category
Europe
Tags
220729__TA02Oil, News, Politics
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