Chevron More Than Doubled Its Profits Last Year as Gas Prices Squeezed Wallets

The profits report comes just two days after Chevron announced it’s tripling its stock buyback budget to $75 billion.

As Americans were struggling to afford to survive due to skyrocketing gas prices and facing horrific environmental disasters worsened by the climate crisis, fossil fuel giant Chevron was having its most profitable year in history, the company’s latest revenue report reveals. In its quarterly report published on Friday, Chevron announced that it collected a profit of $36.5 billion in 2022.

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This post was originally published on Latest – Truthout.


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Sharon Zhang | radiofree.asia (2024-05-15T23:59:04+00:00) » Chevron More Than Doubled Its Profits Last Year as Gas Prices Squeezed Wallets. Retrieved from https://radiofree.asia/2023/01/27/chevron-more-than-doubled-its-profits-last-year-as-gas-prices-squeezed-wallets/.
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» Chevron More Than Doubled Its Profits Last Year as Gas Prices Squeezed Wallets | Sharon Zhang | radiofree.asia | https://radiofree.asia/2023/01/27/chevron-more-than-doubled-its-profits-last-year-as-gas-prices-squeezed-wallets/ | 2024-05-15T23:59:04+00:00
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