Congratulations to Exxon Mobile for earning $56 billion net profit in 2022. Against all odds, they found a way to make record profits

$6.3 million per hour
$1,750 per second

But don’t worry. That didn’t stop Exxon Mobil from getting subsidies from our government. Since FY2000

Texas gave them $1.4 Billion
Louisiana: $500 Million
The federal government: $5.4 Billion in bailout money

Does anyone want to know why we are speedrunning to climate crisis?

@flexghost
> Exxon Mobile ... found a way to make record profits

Most big corporations have done this, many of them with assistance from state subsidies. This is why we have price rises, not because of modestly rising wages, or less unlivable welfare payments.

#economics #inflation