Embarrassed: Oil companies won 174 billion for nine months after price hikes

Embarrassed: Oil companies won 174 billion for nine months after price hikes

The biggest oil and gas companies won together 174 billion in profits in the first nine months of the year until oil prices rose in the US, according to a new report. The total benefits, seen exclusively by The Guardian, follow Periscope, show that in the third quarter of 2021, top companies [...]

The total benefits, seen exclusively by The Guardian, follow Periscope, show that in the third quarter of the 2021, oil and gas companies received more than 74 billion dollars.

From January to September, inflows for the group, including Exxon, Chevron, Shell and BP, were $174 billion.

Gas prices have gone to record prices, such as were not for seven years now in the US.

President Joe Biden's administration has warned that rising prices are hurting people with smaller incomes.

But these companies have shown very little willingness to lower prices, as before this report. /Periscope

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