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#Kleptocracy trumps the climate: Stop the Oil Profiteering said, “We’re paying more for #gas and #electricity because #BigOil companies are gouging Americans and benefiting from a #riggedsystem that keeps prices high in times of #war and crisis.” https://www.democracynow.org/2023/2/1/headlines/exxonmobil_makes_record_breaking_59_billion_in_profits
Democracy Now!ExxonMobil Makes Record-Breaking $59 Billion in ProfitsExxonMobil announced a record-smashing $59 billion in profits last year, up by over 150% from the previous year. This comes after Chevron recently announced $35.5 billion in 2022 profits, also a new record. Climate groups say the massive earnings underscore the need for a windfall profits tax. The group Stop the Oil Profiteering said, “We’re paying more for gas and electricity because Big Oil companies are gouging Americans and benefiting from a rigged system that keeps prices high in times of war and crisis.”