2 charts show Big Oil profits skyrocketing as prices at the pump rise - Business Insider


5/17/2022 12:00:00 AM2 years 11 months ago
by Ben Winck, Madison Hoff

Oil companies are raking in the largest quarterly profits in a decade, raising concerns that the sector is using high gas prices to gouge customers.

Supply-chain snags. Overwhelming demand. Insufficient crude oil production. Refinery backlogs. A handful of factors have been blamed for soaring gas prices, which have headlined the suffocating infl… [+5208 chars]

full article...