Exxon Mobil, Shell, Chevron, and BP combined made $71 billion in *profits* last year.
- With increased global economic activity, the international price of oil jumped even as these companies’ costs remained the same — meaning outrageous profits for companies that are racing us toward climate catastrophe.
- Now they stand to make *even more* profits as Russia’s invasion of Ukraine sends oil prices higher still.
- And they’re exploiting the Ukraine crisis to lobby for more drilling even though that will do nothing to lower prices now or any time soon.