Two of the world’s largest oil companies, Shell and BP gave their CEOs massive pay increases after the industry raked in a record-breaking $451 billion in profits last year. Former CEO of Shell, Ben van Beurden, received $12 million in 2022, a 50% raise in compensation. The CEO of BP, Bernard Looney, received a 126% increase in compensation.
With the added threat of dangerous weather, consumers continue to struggle under the weight of high gas prices despite the falling cost of oil.
On September 26, 2022, oil fell below $80 a barrel for the first time since January. However, prices for consumers are still 13% higher than when oil was this cheap.
Big Oil executives celebrated record-breaking profits of $138 billion in Q2 of 2022 from producing and selling oil. But when speaking to investors, oil executives used deceptive terms like “net zero” and “low carbon” to suggest they want to move away from oil and gas.
Oil Giants Set Record Profits While Taking Advantage Of Inflation and the Crisis In Ukraine.
While American consumers struggle to pay their heating bills and fill up their cars, oil and gas giants Shell, Chevron, BP, and Exxon boast a year of record-breaking profits in 2021.
Who has been running the Interior Department while Secretary Ryan Zinke has been out of the office for the last three weeks? Meet Interior’s #2: Zinke’s dirty Deputy Secretary David Bernhardt.
Full Analysis Of Oil And Gas Industry Communications With Interior And State BLM Offices Specific To The Sage Grouse Review.
On December 4, 2017, President Donald Trump announced historic reductions to public lands in southern Utah, removing protections from hundreds of thousands of acres of iconic public lands in both Bears Ears and Grand Staircase-Escalante National Monuments.
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