>

Exxon - 56b
Shell - 39.9b
Chevron - 35b
Bp - 28b
ConocoPhillips - 22b
If you don’t like oil, stop using it. Stop using all things big oil is used for. Think hard and be honest with your self about products come from oil companies.
It is scare how much of your daily lives would be effected from not using anything from oil.
Tell me again how it's my fault for inflation because I sought out higher pay. >

No no, it’s because the gosh darned unemployment rate is just too low. It gives the workers too much power to leave shitty jobs and negotiate pay and that’s like really bad for the economy.
We are in a dystopian hell. >


It gives the workers too much power to leave shitty jobs and negotiate pay

As a worker, this is news to me. When we ask for better pay, they still tell us to go fuck ourselves in the ass and die. >

You need to consider moving companies in order to advance if your company isn’t providing opportunities. There is a very competitive job market, especially if you come across as half competent in interview.
Hopping across two or three companies over a few years will get you career advancement faster than hanging around an employer who takes you for granted.
I don’t take my own advice, it’s a difficult step to take outside your comfort zone, but then again I have decent advancement where I am. >

This depends a lot on the job and industry. My industry is very heavily specialized, so job hopping every few years when it takes a year to train you looks really bad. But in comparison, my salary is really good so I don't have the need to leave that some might.
For most jobs, I 100% agree with you. But I don't think it should be done without consideration just because someone on reddit said so. >

Of course they have, nothing like gouging customers and blaming the war in Ukraine for increased prices >

I'm more outraged by the fact that they have made record profits and then said "you know those promises we made, yeah, nah". If anything they have more buffer to invest in renewable technologies, but I guess the gravy train is too good. >

Every oil exec commits crimes against humanity on the daily, so them breaking promises seems… par for the course, really. >

Crimes against humanity don't matter when every agency responsible for punishing those people means fuck all >

By design! >

So record profits again, energy bills have doubles, climate change targets missed, and we're facing potentially higher energy bills in the coming months?
This is ridiculous. There are thousands upon thousands of households out there still recoiling from the last set of bill increases, and the rich just get richer. >

Here's a fun fact for you: what's the most profitable company in the world?
Saudi Aramco - the planet Jupiter in the oil company solar system. Made approx 170 billion in 2022. Dwarfing the western oil companies. 
By revenue there's a couple energy companies in China that exceed Saudi Aramco. But their profits are far less. They're state owned and I think the CCP uses them to fuel Chinese lifestyles and industries more than make profits for themselves. >

You cannot compare Aramco with others. The profits are used to run the entire country, fund multiple govt depts, billions in social welfare pays to Saudi citizens and whatnot. BP profits are solid profits going nowhere but to BP. >

Saudi Arabia from what I have heard is also forward thinking. They are Olveston that oil money into building up their tourism industry so when the oil begins to run out they aren't left scrambling for a new source of income. >

"forward thinking" >

They definitely plan ahead! Then they plan the arms. Then they plan the legs.
Gotta figure out what you're going to do with the limbs of dissident journalists, before you brutally murder them and chop them up with a bone saw. >

In before, "You guys just don't understand supply and demand". >

Inflation, you say, I can't see how... >

Oil and gas companies are the primary cause of inflation. >

Edit to add here in the US. I swear the recession around ‘08 was caused by high gasoline costs. In my state, the cost of a gallon of gas doubled from when we bought our home in ‘03. That means everything that has to be transported ended up costing more. It got to the point people couldn’t afford to drive to work and just quit which then means they lost their homes, cars and couldn’t buy things that helped prop up the economy. Rinse and repeat for a year then we spiraled into the recession. The mortgage industry was the scapegoat but even then almost every quarter the damn gas companies posted their “highest profits”. >

That's why they called it: "The 07/08 Mortgage Crisis" no one could afford a mortgage so they had to, you know, manipulate some things to get profits back up to a respectable number. >

You can manipulate numbers but those buyers had jobs when applying for the loans. It really hit hard in my area when auto sales tanked so then the people who were not union working at auto supplier companies lost their jobs. >

Windfall profits tax. Yowzaa. >

Can we all agree that a corporation which doubles its profits thanks to record inflation and war needs to have all its assets seized as it contributes only evil to humanity? >

This is happening across most of the industries telling us their prices are only high because of inflation. Yet net profits are all at record levels, not gross but net. >

No no no nooooo! It’s ThE PrESidEnT making the higher gas prices! >

Doesn't he have a switch on his desk that he flips to control fuel prices? /s >

It's a knob, not a switch. >

He's a knob. But that's another topic. >

Just obscene, not going to rant, simply obscene! >

So we can steal Russians stuff and keep it. It's time to raid these thieves bank accounts and give it back to the people. Modern Robinhood.
It baffles me that the government is aware and just says ohhhh nevermind what the hell happened to out profiteering laws? Takes the piss. This is a straight up win for the Labour government, bye Conmen. >

Absolutely disgusting >

AI: Artificial Inflation. >

38B gross profit, 25B operating income, 2.5B Pre-tax income, 12.4B income tax, and negative 10.9B net income. >

Ya know, these stupid neo-Nazis and MAGA people are trying to go after substations here in the states, when they could be going after the peeps who do this garbage. >

Deep water horizon destroyed an ecosystem >

Double. DOUBLED
Not a 5% increase. Not a 20% homerun increase. 
Their fucking profits doubled**
But I’m the one that needs to drive less, conserve energy, be mindful of my energy use >

Let’s take a look at what earth shattering innovation they contributed to the industry to drive that value.
Nothing?  Cool >

And, yet, somehow it’s the presidents fault that gas prices are high… /s >

Is BP also behind the "Joe Biden I did This" mass vandalism at gas pumps?
I'm getting sick of people's property getting vandalized for political messaging... >

Do they pay well with profits like that or is it all being funneled to an elite few? >

they pay very well and have some of the best employee benefits packages around (in the US)
edit: high salaries (not as high as tech) + 401k + pension + RSUs, etc. >

Anyone still think that BP & other oil Companies had good legitimate reasons to raise the price of gas?
Let’s call it what it is, it’s selfish greed! >

From what I gather, in Europe at least, Russia supplied a good chunk of gas. Now that that chunk is gone the other suppliers need fill the gap to meet demand. They are unable (maybe unwilling) to meet the demand so they need to reduce the demand. Increasing prices reduces demand. >

They’re banking on the fact that most Americans aren’t paying attention to corporate profits reports. They took advantage of the propaganda machines that keep churning out bullshit. >

Nothing like watching companies pretend they have no choice but to raise prices, gouge the life out of average people, and receive little to no consequences as a result. 
Fuck every single company that has taken part in this. I hope every executive making those decisions chokes on their ill gotten gains. >

" but we cant tax corporations, they will leave " bro >

So sick of this shit. Between gas and companies raking in profits on food item increases, how much longer are people going to tolerate this crap? >

And yet just 1/4 of Apples yearly profit. >

No one HAS to buy Apple products. Try buying anything that doesn't rely on fuel in its supply chain. >

Right. So companies that sell commodities aren’t allowed to make money but tech is? >

Are you able to make a point without putting words into someone's mouth? >

No that wasn’t my intent, sorry. I just mean to say, what is an acceptable profit margin for commodities companies? Saying that not everyone has to buy tech is true, but it misses the mark. O&G is on the forefront of everyone’s mind since it touches daily life very clearly, but that doesn’t excuse that every industry makes profit. >

They are about to hold a conference in the heart of the Great Barrier Reef in North Queensland at the Sheraton Mirage resort. >

​
Warm your patriotism in the glory of a burning city on a hill. Like fabled Rome in the wake.
Every road once led here, now every road leads away.
That’s another 28 billion dollars that just got converted from functioning currency to paper in some oligarchs’ vaults.
The important result of this statement is this: Now The Fed has to print and try with failed efficiency to replace that money in the transactional economy.  Because most of that 28 bilion dollars just got converted from currency that “does stuff” into that metaphoric coffee-can-burried-in-the-yard that we call the stock market.
The only way to sustain a free market is to return a sizable portion of  hoarded currency into circulation. Printing new money, especially the outdated way America does, is a negative feedback loop. This is  because a huge percentage of all new currency goes directly from the fed to the vaults of the oligarchs while a small but critical margin of it is created as inherent debt owed to those same oligarhcs by the consumers who do pay taxes.
We aren’t just refusing to tax hoarded wealth.. We are literally, sytematically, paying the wealthy interest for every new dollar we have to print to sustain the money supply. It is insane, suicidal, unprecedented for America and horrifically imprudent.
The political collapse of empires is always blaimed on - but never caused by - humanitarian dis-equity. It is caused by the inability of increasingly wealth-corrupted governments to publicly differentiate between the ocean of instantly hoarded currency they printed last year and the trickle of transactional currency that is going to be available to the economy next year.
In the end an ever shrinking pool of oligarchs rides around spilling token generosity from their baskets moaning “let ‘em eat cake, let ‘em eat cake ”.
Instead of prudently demanding a science based and rigidly moderated flat tax on wealth itself, the royalty class corrupts ever more freeedom to hoard ever more capital. This is literally the only thing happening in the reoublican party today. But take no solace in this judging. Because  when class warfare erupts none of you will be fee from sin.
It turns out that the pathos of “Taxation without Representation“ does no more harm for an empire than the logos of “Representation without Taxation”.
The American people currently have neither.
Let em eat cake sounds just about right for where we are.  But without enough money going around, there soon won’t be enough bread to go around.
And then there will be all of those empty baskets waiting to be filled. >

Yeah that's not how any of this works. That's not how our money system works. At all.
But I agree with you wealth inequality is distorting the economy in a bad way. And that we should actually reverse it. >

Before Americans pop off about their president remember he supported a price gouging bill and the other side declined out of spite. >

war profiteering.
now you know why we are sending ukrainians to die just so the fuel industry and the war machine can swim in money.
2021 was for bigpharma
2022 was for bigfuel and the mic
2023 will be the year of bigfinance as they bankrupt the middle class with their high interest rates, and buy up distressed assets
2024 will mark the beginning of Serfdom 2.0 >

How do you come to the conclusion that high interest rates bankrupt the middle class? Usually the average person benefits from high interest rates.
Also "bigfinance" do not set interest rates, the central banks do. They increase them to curb inflation, which is what actually bankrupts people. >

Werner is the father of QE, which has got us into this global economic mess. We've had so many market collapses since his ideas were enacted in the mid 90's. His ideas primarily just facilitate the movement of wealth to benefit the rich which is no wonder the media promotes his ideas as a silver bullet.
Excuse me if I don't take his word for anything at all. >

Fucking why bro. All this money floating around in the world, and how is our world getting better? We have AI Joe Rogan talking about futanari. At least money is getting put to good use. >

Stop saying “profits”
Use “ill-gotten gains” or “looted wealth” or “stolen wages” instead >

Probably the no.1 reason my next car will be Electric. Climate change comes next. :) >

BP let me hold like a cool 15 million for a little. >

How is this company able to survive after what they did to the Gulf of Mexico? They deserve to go under. >

BP's stock price is below what it was in 2011 still. So much gouging! >

Reminds me when I mentioned this on a conservative subreddit and they’re like “of course they’ve raised prices blah blah”. They didn’t know the differences between profit and revenue. >

I want someone to print up a series of stickers that summarizes the massive profits the oil industry made in the past year and have it point to the gas prices and say "I did that!"  Like they did with Biden earlier last year. >

Trump 2019 tax cuts working as planned. >

"inflation". Yeah. Right. >

Yeah and somehow to the GOP dimwit cult the high gas prices are Biden’s fault. >

Ducking double.. so much ducking money duck these ducking ducks >

Makes sense. All the Shell stations within 50 miles of me have been turned into BPs over the past month or so. >

Gouging is most profitable. >

You all know that these increase profits of oil companies caused the trickle down effect of inflation because everything we buy is delivered by trucks using that oil.
So yeah…. Their next Yatch is built on our misery. >

If Biden doesn't talk about this in the State of the Union address, hammering home that Congress needs to do something because the oil companies are driving inflation higher than it should be, I don't know what else to say. >

We're sorry. We're sorry. Sorry. We are so... sorry. >

Quick! Let’s get that company some US taxpayer funded subsidies! Because they need it! >

These people need to die. All they're gonna do is keep taking your money until society literally cannot go on any longer. No legal or moral recourse will stop them.