U.S. Senior Advisor for Energy Security Amos Hochstein speaks after meeting with Lebanon's President Michel Aoun at the presidential palace in Baabda, Lebanon October 27, 2022. REUTERS/Mohamed Azakir/File Photo
"I think that the idea that financiers would tell companies in the United States not to increase production and to buy back shares and increase dividends when the profits are at all-time highs is outrageous," the White House's chief energy adviser told the FT, adding, "It is not only un-American, it is so unfair to the American public"."You want to pay dividends, pay dividends. You want to pay shareholders, pay shareholders. You want to get bonuses, do that, too.
It is distributing more cash to shareholders than it is investing in new production - $30 billion between share buybacks and dividends this year. However, the company has kept its annual capital investment range of $20 billion-$25 billion out to 2027 unchanged.The oil industry's high profits this year have attracted the attention of U.S. President Joe Biden, who has accused the sector of war profiteering and said Exxon was making "more money than God".
But ok to damage the planet? That's NOT unAmerican? Sheesh
You notice that he's insulting PRODUCERS, and not green energy activists? Seems relevant.
Keep it in the ground. Stop creating earthquakes and poisoned drinking water.
Backpfeifengesicht
Utter Nonsensical! Opposing Shale Drilling is not Un- American but Pro Nature.
Who?
'Here is my oil, here is my shale. Drill of them and earn in my name'
What the hell does that mean!?