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#planetnotprofit — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #planetnotprofit, aggregated by home.social.

  1. #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: gov.ca.gov/2023/01/31/big-oil-

    #BigOilAndGas #BigOil #PlanetNotProfit