WASHINGTON, D.C. – Today, Accountable.US issued a correction noting that twenty-five top oil and gas companies saw a staggering $237 billion in record profits in 2021 and not the $205 billion the government watchdog previously reported on March 15.
It turns out twenty-five top oil and gas companies saw an eye-popping $237 billion in record profits last year and not the $205 billion we reported early this month. We regret the error, but more than anything we hope Big Oil regrets its decision to shower these massive earnings on their wealthy executives and shareholders rather than helping American consumers struggling to fill their gas tanks and heat their homes.”
Accountable.US president Kyle Herrig
The original $205 billion figure only included three out of the four quarters for Saudi Aramco. Their earnings report was released later than others so the new $237 billion figure reflects the total with their final quarter now included.
Read the updated Accountable.US report here.