The Biden Administration Has Been Very Good for Big Oil ...Middle East

Four of the country’s biggest oil companies—Chevron, ConocoPhillips, Exxon, and Shell—reported record profits last year. Shell made $40 billion—double what it had the year prior. Payouts to shareholders across the industry increased by 76 percent over the previous year, stretching up to $200 billion. And the gifts keep on coming.This week, the Biden administration moved toward approving an $8 billion ConocoPhillips project in the National Petroleum Reserve-Alaska, located in Alaska’s North Slope. The company’s Willow project is expected to produce some 600 million barrels over the next 30 years in one of the fastest-warming parts of the planet. Critics argue the project threatens already end

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Last updated : 03 February 2023 clock 09:28 PM

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The Biden Administration Has Been Very Good for Big Oil ...Middle East

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