The Damage Report
The Damage Report
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Big Oil Bragging About MASSIVE Profits

Posted

July 31, 2022

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Oil companies are posting enormous profits as consumers reel from high prices. John Iadarola and Brett Erlich break it down on The Damage Report.

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"The US’s biggest oil companies pumped out record profits over the last few months as Americans struggled to pay for gasoline, food and other basic necessities.

On Friday, ExxonMobil reported an unprecedented $17.85bn (£14.77bn) profit for the second quarter, nearly four times as much as the same period a year ago, and Chevron made a record $11.62bn (£9.61bn). The sky-high profits were announced one day after the UK’s Shell shattered its own profit record.

Soaring energy prices have rattled consumers and become a political flashpoint. “We’re going to make sure everybody knows Exxon’s profits,” Joe Biden said in June. “Exxon made more money than God this year.”"

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Guests & Subjects Covered

John IadarolaBrett ErlichThe Damage Report ReadThe USsOn Friday ExxonMobilUKs ShellJoe BidenJune Exxon

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Big Oil Bragging About MASSIVE Profits · The Damage Report · Sentinel