The amounts are obscene. They are mind-boggling. This is profit-making like you have never seen it before. It is also profiteering from war and price gouging at our expense. Big Oil is making billions of the misery of millions.
On Friday, oil giants Exxon and Chevron reported record second quarter profits, a day after Shell’s results.
First, let’s look at Exxon. The company made USD 17.9 billion in net profit in the 2nd quarter of 2022.
We should call it out for what it is. This is blood money. This is crude capitalism at its worse.
Put another way, the company made a staggering USD $2,245.62 every second of every day of the 92-day long quarter as gas prices rocketed on the back of war in Ukraine. This was a
— source priceofoil.org | Andy Rowell | Aug 1, 2022