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Today: Oil Giant Executives In Hot Seat Over High Gas Prices

 

WASHINGTON, DC - April 6, 2022 (Investorideas.com Newswire) This morning at 10:30 a.m. ET, executives from oil giants BP America, Chevron, Devon Energy, ExxonMobil, Pioneer Natural Resources, and Shell will appear before the House Energy and Commerce Committee's Oversight and Investigations Subcommittee for a hearing titled, "Gouged at the Gas Station: Big Oil and America's Pain at the Pump." In advance of the hearing, government watchdog Accountable.US released the following statement:

"The oil giants testifying at today's hearing raked in an eye-popping $71.2 billion in profits last year, but rather than use that money to lower gas prices for American consumers struggling to fill their tanks, they showered wealthy executives and shareholders with billions in dividends and stock buybacks. They should be ashamed," said Kyle Herrig, president of Accountable.US. "These executives are exploiting the pandemic and war in Ukraine to pad their bottom lines. They are gouging consumers at the pump and rigging the system to avoid paying their fair share in drilling royalties on public lands, shortchanging taxpayers, public schools, and critical infrastructure like roads and hospitals."

Hearing Background:

Accountable.US is a nonpartisan watchdog group that exposes corruption across all levels of government.

More Info:

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