From my colleague Joe Spease:For anybody believing the republican and Fox lies about Biden killing the oil and gasoline corporations right here is information from right now: Exxon Mobil Company right now introduced third-quarter 2023 earnings of $9.1 billion, or $2.25 per share assuming dilution. Money stream from operations was $16.0 billion, up $6.6 billion versus the second quarter.
Sure, Massive Oil is on a profit-making tear proper now, and so they’ve shelved the concept of PR campaigns that cover this from the world. They’re baking the planet, in alternate for immeasurably massive quantities of cash.
The acquisition of Pioneer Pure Assets, Exxon’s largest since its merger with Mobil in 1999, is a guess that U.S. power coverage is not going to transfer towards fossil fuels in a significant approach.
