Exxon, Chevron & Shell Report Record Profits as Americans Struggle With High Fuel Costs

[ck4829]

Oil 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.

On Friday, Exxon Mobil booked an unprecedented $17.85 billion profit for the second quarter and Chevron made a record $11.62 billion. The sky-high profits come one day after the U.K.'s Shell shattered its own profit record, earning $11.5 billion.

Soaring energy prices have rattled consumers and become a political flash point. Last month, President Joe Biden said that “Exxon made more money than God this year." Biden has been calling out oil companies to increase output, accusing them of purposely holding back production to drive up prices at the pump.

Consumers are facing high fuel prices not just at the pump, but soaring energy prices are being baked into delivery costs, which is driving up the cost of everything from apples to toilet paper.

https://www.nbcboston.com/news/business/exxon-chevron-shell-report-record-profits-as-americans-struggle-with-high-fuel-costs/2793425/

Meanwhile...

[global1]

1. And All The Time They Were Saying They Had To Raise Prices Because Their Expenses Went Up.....

Supply issues; refining issues; delivery issues; the Ukraine/Russian War; OPEC shaving supply. You would think that the prices went up because the oil companies had to cover their expenses.

Now we see that all their excuses for raising prices were all a sham.

Bottom line they were fleecing us in order to drive their profits up.

They conned us again.