
Image: The logos for ExxonMobil and Chevron appear on the floor of the New York Stock Exchange during morning trading on July 24.
Camila Domonoske of NPR reports: “Chevron just announced its highest quarterly earnings ever. Shell clocked its second-highest quarterly profits. And while ExxonMobil’s profits came in beneath what Wall Street analysts had expected, it still managed to double its earnings compared with this time last year.
Combined, the three companies raked in, on average, some $404 million in profits every day for the last three months.
It’s a bonanza for those companies (and for their executives). And it’s raising eyebrows and ire among some European lawmakers and Democrats in the U.S. Congress, who are calling for windfall taxes on those companies…”
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