Analysis Shows Major US Oil Companies Raked in $290 Billion in Profits Last Year

"With $290 billion in profits, Big Oil made enough money in 2022 to end world hunger, pay off U.S. medical debt, and build 10 Disney Worlds, but instead used their record profits to shower $163 billion on shareholders."An analysis published Monday by the watchdog Accountable.

"With $290 billion in profits, Big Oil made enough money in 2022 to end world hunger, pay off U.S. medical debt, and build 10 Disney Worlds, but instead used their record profits to shower $163 billion on shareholders with plans to give even more in 2023," Accountable.US said. \u201cIn 2022, Big Oil giants like @Shell, @BP_America and @ExxonMobil doubled their profits and added billions to their shareholders' pockets by gouging American consumers.\n\nLearn how their profiteering kept prices high at the pump: https://t.co/njDbQo9E9c\u201dThe industry's historic margins were largely achieved through unabated price gouging of American consumers.

"Modern-day oil barons like Shell, BP, and Chevron forced American consumers into financial strain and ruthlessly extracted every last dime out of working and middle-class people,"

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