Exxon And Chevron Report Record Quarterly Profits

Can we say price gouging?   Look while the people complain how hard it is to make it today, the republicans blame Biden to make political points while supporting the very companies that are jacking up the prices for profit.   Profit over people.   Understand, most of the inflation that is hurting people is due to companies trying to make as much profit as possible to make up for their lost profits in 2020.   Ron and I just got hit with a nearly 90 dollar extra charge on our electric bill because of their need to use “alternative fuel energy”.     Which means they had to pay more to do the job we pay them for, but they must never lose any profit so we must make up for their loss.    That is the system in the US unrestrained capitalism, the companies must make the maximum profit and never lose money so the people must pay until they are left with nothing.    This doesn’t happen in other countries people!   In other countries the people are protected.   But in the US we have unrestrained capitalism which means all the money of the country must be funneled to the top and the people must be kept desperate and struggling.    Hugs 

The New York Times reports:

Exxon reported income of $17.9 billion for the three months through June, more than three times what it earned a year ago. Revenue at the energy giant jumped to $115.6 billion, from $67.7 billion a year ago.

Chevron’s performance was similar, with profit more than tripling to $11.6 billion as sales rose to $65 billion, compared with $36 billion a year ago.

Coming after oil prices nearly doubled from a year ago, the bumper results were expected, but Exxon and Chevron still beat analysts’ predictions for profits in the quarter.

Read the full article.

 

Jack Frost • 7 minutes ago

WINDFALL TAX THEM NOW!!!!!

Jack Frost Rebecca Gardner • 7 minutes ago

Which is why Im really PISSED that this admin isnt at least making a show of hauling these CEO’s and board members in front of Congress. There is a lot to be gained by even the theater of getting these people on tv trying to explain how gas is $7.00 but they’re doubling their profits at the same time.

The meat industry, Oil/Gas and Pharma should all be lined up in front of Congress and made to explain the high costs.

Rebecca Gardner Jack Frost • a minute ago

That and to explain why they are pricing diesel more than a dollar over regular gasoline. That is bullshit, but making that expensive makes everything expensive because we ship by truck. Groceries, housewares, everything.

We have not been experiencing inflation. We’ve been suffering under unregulated corporate greed.

4 thoughts on “Exxon And Chevron Report Record Quarterly Profits

  1. It would be nice to have some of the Democratic caucus keeping this before the public.

    That and the fact that the GOP Toomey killed the bill for assistance and health care for veterans. We need to know the names of all the GOP members who voted down the PACT Act.

    And all the bullshit they are doing daily to keep the crises going.

    “You can tell people of the need to struggle, but when the powerless start to see that they really can make a difference, nothing can quench the fire.” – Leymah Gbowee

    People need to be reminded and shown that they have the right to peaceful assembly and protest.

    Liked by 1 person

    1. Hello Cagjr. The democrats have a messing problem right now. They are failing to tell the people what they are doing to help them. The mainstream media is not willing to say the good things the government is doing only hyping all the daily bad things. The republicans stick to short messages and sound bites that can be played and hammered on their media over and over. It is a lot easier to tear something down without facts than try to support something with the facts. Plus damn have you heard the democratic leadership speak on TV, stumbling by Biden, haltingly, not finishing a sentence without two pauses to breath from Pelosi, complete monotone droning from Chuck Schumer. Compare that the table thumping firebrands on the republican side? Hugs

      Liked by 1 person

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