P@triot
Diamond Member
- Thread starter
- #421
March 17 2022
As one oil company CEO put it, high oil prices “certainly helped” to give their industry some of the highest profits companies have seen in nearly a decade.
Combined, the four companies raked in $24.4 billion in quarter four of 2021, bringing their total profits for last year to over $75.5 billion. Chevron, Shell, BP, and Exxon used these bloated profits to shower billions onto their shareholders – including their wealthy executives whose salaries are heavily padded with stocks.
In 2021, the four companies bought back over $6.6 billion in stocks while hiking up their dividends. And the oil giants are planning for an “even better” 2022 for shareholders, with plans already in place to buyback over $22 billion in stock thanks to high oil prices. Meanwhile, average Americans are being forced to downsize their homes, miss seeing family and friends, and consolidate medical visits in order to cover high gas costs.
- Isn’t it fascinating how your disinformation never includes a link to where you pulled your disinformation from??
- Corporations exist to make money for their shareholders, snowflake
- Gas isn’t the only thing through the roof, snowflake. Wood prices are off the charts. Food is way up.
- Notice how the CEO said the high prices “helped”? Yeah, the prices aren’t high because the companies are making profits. The companies are making profits because the prices are high - thanks to ignorant & failed left-wing policies. Like promising to “end” fossil fuels.