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"Why is gas so expensive?
2022 Q1 profits:
ExxonMobil - $5,480,000,000 (a 100% increase compared to 2021 Q1)
BP - $6,200,000,000 (highest quarterly profit in a decade)
Chevron - $6,260,000,000 (a 400% increase compared to 2021 Q1)
Following Russia's invasion of Ukraine in February, the price of oil climbed in 2022's first quarter.
Shell's adjusted earnings, for example, rose to $9.1 billion, while Exxon Mobil reported $5.48 billion in profits.
Rising prices have boosted the profits of major energy companies, further contributing to global inflation and the cost-of-living crisis.
Republicans refused to crack down on price gouging.
https://www.usatoday.com/story/money/economy/2022/05/07/oil-company-record-profits-2022/9686761002/
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