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#BigOil Made Record 2022 #Profits While Fleecing #California Families

Published: Jan 31, 2023

SACRAMENTO – "Oil company profit reports for 2022 are rolling in and the numbers tell the story we’ve suspected all along: Big Oil reaped record amounts as California families were fleeced at the pump.

Five major oil companies have reported their 2022 profits, smashing last year’s highs:

#Exxon: $55.7 billion — setting a company record and bringing in $6.3 million an hour
#Chevron: $36.5 billion – doubling their 2021 profits, with executives flaunting their “outstanding results” in an earnings call
#Marathon: $14.5 billion — Q4 profit of $3.32 billion surged 331% from previous year
#Valero: $11.6 billion – 866% higher than the previous year
#Phillips 66: $11 billion — Q4 profit of $1.9 billion up 46% over Q4 2021"

Source: Office of Governor #GavinNewsom

Read more: https://www.gov.ca.gov/2023/01/31/big-oil-made-record-2022-profits-while-fleecing-california-families/

#BigOilAndGas #BigOil #PlanetNotProfit

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https://youtu.be/Jhl-9UBRK4w